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
International financial integration is often measured through national totals. Yet these totals can conceal very…
The 20th century shift from sterling to the dollar is often cited as evidence that…
The US trade deficit in goods unexpectedly widened in September as imports increased, suggesting that…
The countries of Europe and Central Asia (ECA) cannot afford to miss the opportunity that…
Counting the number of people living in extreme poverty — on less than $3 a…
Recent disruptions to global oil markets, from Russia’s invasion of Ukraine to the war in…