Trump’s offshore wind freeze sparks fury

offshore wind

The U.S. wind industry is in shock after President Donald Trump signed an executive order halting offshore wind lease sales and pausing permits for new wind projects.

The move, which Trump says is part of his plan to “unleash” American energy, has been slammed as a major setback for clean power and the economy.

Oceantic Network CEO Liz Burdock called the decision “more than baffling,” adding: It flies in the face of our current energy crisis and the new administration’s priorities on American-made energy.”

The American Clean Power Association also condemned the move. CEO Jason Grumet said: “Restricting wind development in these regions is certain to increase consumer energy bills.”

Trump’s order directs the Interior Secretary to review wind leasing and permitting, assessing the economic and environmental impacts of offshore projects. He has also ordered agencies to pause funding from Biden’s Inflation Reduction Act and Infrastructure Investment and Jobs Act, particularly for electric vehicles.

The industry warns this decision could cost thousands of jobs and billions in lost revenue. Burdock stressed: “Stopping federal leasing and permitting will result in less energy, less income to pay our national deficit and less funds to support tax cuts.”

With Trump also pulling the U.S. out of the Paris climate agreement, a fight over America’s energy future is brewing.

The post Trump’s offshore wind freeze sparks fury appeared first on Energy Live News.

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About Stu Turley 4799 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.