Liberal Forum

It appears that the "green new scam" is getting the same treatment as every oil and gas company has been getting from every (D) leader.............how delicious.

Orsted (ORSTED.CO) stock fell over 16% to a record low on Monday after the world's biggest offshore wind farm developer said the Trump administration issued a stop-work order for its nearly completed Revolution Wind project off the coast of Rhode Island.

Late Friday, the Department of the Interior's Bureau of Ocean Energy Management (BOEM) ordered the Danish company to stop activities on the project. Orsted said the project was 80% complete, with all foundations in place and 45 out of the 65 wind turbines installed. The offshore wind project was expected to deliver power to 350,000 homes in Rhode Island and Connecticut.

As one of his first executive actions, Trump temporarily paused all federal wind permits, which remains in effect today. Trump's signature tax and spending law, the One Big Beautiful Bill Act (OBBBA), also accelerated the phaseout of wind and solar tax credits. 

 And last Thursday, the Trump administration said it opened a Section 232 investigation into imported wind turbines, which sets a path for imposing tariffs. Analysts viewed the investigation as a way to increase wind project costs and further hamper the industry.
Orsted stock falls to record low after US government issues stop-work order on nearly completed wind farm