Interior Department Orders Halt to Empire Wind Project Construction

Dow Jones

04-17

By Connor Hart

The Interior Department has directed the Bureau of Ocean Energy Management to halt all construction immediately on the Empire Wind project, Secretary Doug Burgum said in an X post Wednesday.

The decision, made in consultation with Secretary of Commerce Howard Lutnick, comes after a federal review suggested the Biden Administration rushed the project's approval without sufficient analysis, according to the post.

The lease to the renewable-energy project, located 15 to 30 miles south of New York's Long Island, was initially awarded to Norwegian energy company Equinor in 2017 and is being developed in two separate projects.

BP bought into the Empire Wind project--and Equinor's Beacon Wind project--for $1.1 billion in 2020. Earlier this year, Equinor said it would take over BP's stake in the Empire Wind project in exchange for ceding ownership of its Beacon Wind lease and project.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 16, 2025 19:26 ET (23:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Earlier this year, Equinor said it would take over BP's stake in the Empire Wind project in exchange for ceding ownership of its Beacon Wind lease and project. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2025 19:26 ET (23:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interior Department Orders Halt to Empire Wind Project Construction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInterior Department Orders Halt to Empire Wind Project Construction\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-04-17 07:26</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  The Interior Department has directed the Bureau of <a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> Energy Management to halt all construction immediately on the Empire Wind project, Secretary Doug Burgum said in an X post Wednesday. \n</p>\n<p>\n  The decision, made in consultation with Secretary of Commerce Howard Lutnick, comes after a federal review suggested the Biden Administration rushed the project's approval without sufficient analysis, according to the post. \n</p>\n<p>\n  The lease to the renewable-energy project, located 15 to 30 miles south of New York's Long Island, was initially awarded to Norwegian energy company Equinor in 2017 and is being developed in two separate projects. \n</p>\n<p>\n  BP bought into the Empire Wind project--and Equinor's Beacon Wind project--for $1.1 billion in 2020. Earlier this year, Equinor said it would take over BP's stake in the Empire Wind project in exchange for ceding ownership of its Beacon Wind lease and project. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2025 19:26 ET (23:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1162221912.USD","symbol_name":"FRANKLIN INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2528207523","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528207523","pubTimestamp":1744845960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The Interior Department has directed the Bureau of Ocean Energy Management to halt all construction immediately on the Empire Wind project, Secretary Doug Burgum said in an X post Wednesday.The decision, made in consultation with Secretary of Commerce Howard Lutnick, comes after a federal review suggested the Biden Administration rushed the project's approval without sufficient analysis, according to the post.The lease to the renewable-energy project, located 15 to 30 miles south of New York's Long Island, was initially awarded to Norwegian energy company Equinor in 2017 and is being developed in two separate projects.BP bought into the Empire Wind project--and Equinor's Beacon Wind project--for $1.1 billion in 2020. 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Earlier this year, Equinor said it would take over BP's stake in the Empire Wind project in exchange for ceding ownership of its Beacon Wind lease and project. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 16, 2025 19:26 ET (23:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}