News Item
Global energy developers Equinor and BP on Wednesday announced they are canceling the contract for a massive wind project slated for construction off the coast of New York.
New York State Energy Research and Development Authority (NYSERDA) to terminate the offshore wind renewable energy certificate for their Empire Wind 2 project. Equinor and BP explained that commercial conditions, namely inflation, interest rates and supply chain disruptions, prevented its contract for the project from remaining
Biden touted this project as a key to Bidenomics.
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