The U.S. offshore wind industry was rocked less than 100 days into the new Trump administration, with aggressive moves by the White House to shut down Equinor’s Empire Wind project off New York

Trump vowed during the campaign to end the offshore wind industry if he returned to the White House. His order said there were “alleged legal deficiencies underlying the federal government’s leasing and permitting” of wind projects, and it directed the Interior secretary to review wind leasing and permitting practices for federal waters and lands.

A group of Democratic-led Northeast states are suing the Trump administration over its pause on offshore wind projects, alleging the move is "unlawful" and will cost jobs and threaten the environment.

Dimon believes the President's approach initially could have been better—but said overall Trump is justified in enacting what he believes is best for voters. The president has repeatedly claimed the U.

The Norwegian company Equinor says it will be forced to terminate an offshore wind project for New York within days unless the Trump administration lets construction resume.

A company executive said a stop-work order issued by the Trump administration is costing the Norwegian energy giant $50 million a week.