Business

Trump administration halts New York waterfront construction

World World; US President Donald Trump’s administration on Wednesday ordered a halt to the construction of the ‘Empire Wind 1’ project located off the coast of New York. The project, which is a major offshore wind energy project, had already received all the necessary permits. The Trump administration ordered a halt on the project citing environmental concerns.

The move has created a stir in the US energy industry, as it can affect even fully approved and funded projects. Liz Burdock, CEO of ‘Oceanic Networks’, called it a ‘chilling effect’ for the entire industry, which has invested $ 1.6 billion and created more than 3500 jobs.

There are four offshore wind energy projects underway in the US, of which the ‘Coastal Virginia’ project is more than 50% complete.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button