Categories
Home Based Business

Trump halts offshore wind projects [Video]

President Donald Trump signed an executive order Monday temporarily halting offshore wind lease sales in federal waters and pausing the issuance of approvals, permits and loans for both onshore and offshore wind projects.The interior secretary will review wind leasing and permitting practices for federal waters and lands. The assessment will consider the environmental impact of wind projects on wildlife, the economic costs associated with the intermittent generation of electricity and the effect of subsidies on the viability of the wind industry, the order states.Trump wants to increase drilling for oil and gas and has been hostile to renewable energy, particularly offshore wind. Trump’s pick for interior secretary, Doug Burgum, was asked during his confirmation hearing whether he would commit to continuing with offshore wind leases that have been issued. Burgum said projects that make sense and are already in law will continue.Wind power currently provides about 10% of the electricity …

Watch/Read More