Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Sanctioned Indian Refiner Switches to Rail to Move Oil

October 10, 2025

Morgan Stanley Backs Corvus Energy to Decarbonize Maritime Sector

October 10, 2025

China Hits US Ships With Extra Port Fees as Trade Tensions Rise

October 10, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Trump Reverses Ban on Massive New York Offshore Wind Project
Sustainability & ESG

Trump Reverses Ban on Massive New York Offshore Wind Project

omc_adminBy omc_adminMay 20, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The Trump administration has reversed its decision to halt Empire Wind, a large-scale offshore wind project off the coast of New York, anticipated to power 500,000 homes with renewable energy, according to a statement by New York Governor Kathy Hochul

The announcement follows an order by the U.S. Department of the Interior in April to stop construction activities on the Empire Wind project, with U.S. Secretary of the Interior Doug Burgum stating that the order was made pending a “review of information that suggests the Biden administration rushed through its approval without sufficient analysis.”

Following the order, Hochul said that she would fight the order “every step of the way.” In a statement released announcing that the project was being allowed to proceed, Hochul said:

“I want to thank President Trump for his willingness to work with me to save the 1,500 good paying union jobs that were on the line and helping get this essential project back on track.

“New York’s economic future is going to be powered by abundant, clean energy that helps our homes and businesses thrive. I fought to save clean energy jobs in New York — and we got it done.”

Located 24 – 48 kilometers Southeast of Long Island, Empire Wind 1 is anticipated to be the first offshore wind project to connect into the New York City grid, with a contracted capacity of 810 MW. The project was already under construction and had been expected to reach commercial operation in 2027.

The Empire Wind lease was awarded to Norway-based energy company Equinor in 2017. Earlier this year, Equinor announced that it had secured a project financing package in excess of $3 billion for Empire Wind. The company said that it expected total capital investments for the project to reach approximately $5 billion.

In a statement released following the announcement that the stoppage order had been lifted, Equinor CEO Anders Opedal said:

“We appreciate the fact that construction can now resume on Empire Wind, a project which underscores our commitment to deliver energy while supporting local economies and creating jobs.”

In a social media post, Secretary of the Interior Doug Burgum said that he was “encouraged by Governor Hochul’s comments about her willingness to move forward on critical pipeline capacity,” suggesting that the reversal of the halt included a compromise by the Governor on allowing the construction of new gas pipelines.

Burgum added:

“Americans who live in New York and New England would see significant economic benefits and lower utility costs from increased access to reliable, affordable, clean American natural gas.”



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Morgan Stanley Backs Corvus Energy to Decarbonize Maritime Sector

October 10, 2025

Prince William to attend Cop30 UN climate summit in Brazil | Cop30

October 9, 2025

Worldly Acquires Apparel Sector Sustainability Data Platform GoBlu

October 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

BP Starts Up 6th ‘Major’ Project of 2025

By omc_adminOctober 10, 2025

BP announced, in a statement posted on its website on Thursday, that it has started…

Egypt Asks LNG Shipments Be Delayed

October 10, 2025

Sable Offshore seeks Trump’s support to advance stalled California offshore oil project

October 9, 2025

Chevron set to drill Korikori-1 exploration well in Suriname’s Block 5

October 9, 2025
Top Trending

Morgan Stanley Backs Corvus Energy to Decarbonize Maritime Sector

By omc_adminOctober 10, 2025

Prince William to attend Cop30 UN climate summit in Brazil | Cop30

By omc_adminOctober 9, 2025

Worldly Acquires Apparel Sector Sustainability Data Platform GoBlu

By omc_adminOctober 9, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

China Hits US Ships With Extra Port Fees as Trade Tensions Rise

October 10, 2025

Aramco Raises Petro Rabigh Stake to 60 Percent

October 10, 2025

Naftogaz Secures Gas Loans from EIB, Oschadbank

October 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.