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Equinor ASA

Equinor ASA

Norwegian offshore wind developer

Appears in 2 stories

Stories

Trump freezes $28 billion in east coast wind farms

Rule Changes

Empire Wind construction resumed after January 15 preliminary injunction from Trump-appointed judge

On December 22, 2025, Interior Secretary Doug Burgum paused all major offshore wind construction on the East Coast: Vineyard Wind, Revolution Wind, Sunrise Wind, Empire Wind, and Coastal Virginia Offshore Wind. These five projects, representing $28 billion in investment and enough power for millions of homes, halted on orders from Washington citing radar interference and national security risks near military installations.

Updated 2 hours ago

Trump’s Gulf lease sale kicks off 30-auction offshore drilling spree

Rule Changes

Suing Trump administration over offshore wind project freeze

Donald Trump's second-term energy agenda has moved from a single Gulf auction to a full-scale offshore transformation. The December 10 Gulf lease sale—81.2 million acres at a 12.5% royalty rate, generating $279.4 million—was just the opening move. By year's end, the administration had proposed a sweeping 2026-2031 leasing plan covering 1.27 billion acres off California, Florida and Alaska, and scheduled a second Gulf sale for March 11, 2026. It simultaneously halted all five major East Coast offshore wind projects, citing national security risks; Shell-INEOS's early January oil discovery south of New Orleans showed the industry's bet on deepwater Gulf prospects.

Updated 6 days ago