Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration.
Offshore wind was a key pillar of former President Joe Biden’s promise that fighting climate change will create jobs and invigorate the economy. In 2023 and 2024, however, several offshore wind companies took billions in write-offs, impairments and other cancellation fees after determining they could no longer complete projects profitably due to rocketing construction costs, higher interest rates and supply chain snags.
Source : Reuters
Experts say $200bln bond-buying effort unlikely to significantly lower housing costs. There's scant evidence so…
That has helped at least to put a floor under euro zone bond prices. Euro…
Bank profitability will remain strong this year despite lower interest rates, says S&P. Saudi banks…
The 2026 review of the EU ETS must be anchored in facts and focus on…
Federal Open Market Committee statements typically sound unanimous, but the Committee’s internal debates rarely are.…
Local responses to gender-based violence, with femicide as its most extreme form, remain uneven across…