US Interior Secretary Says Offshore Wind Has No Future Under Trump

Under President Donald Trump's administration, the future of offshore wind energy in the United States appears bleak. Interior Secretary Doug Burgum stated at an energy conference in Italy that offshore wind is too expensive and unreliable to have a future under the current administration. Trump halted new leases for offshore wind farms on his first day in office and ordered a review of permits, casting doubt on ongoing projects. Five offshore wind farms currently under construction, including Revolution Wind and Vineyard Wind 1, are under intense scrutiny, with Interior ordering a halt to Revolution Wind's construction citing national security concerns. This stance marks a clear shift in U.S. energy policy, impacting companies involved in renewable energy and raising uncertainty about the industry's prospects. Additionally, President Trump signed a memorandum requiring pharmaceutical advertisements to provide more risk information, potentially affecting major advertising agencies.