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Stock impact report

Trump's War on Wind Power Is Raising Costs Around the World [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Citing the chief executive of Vestas, the turbine maker, the Financial Times reported today that the ban on offshore wind in the United States heightened uncertainty, which would reduce investors' risk tolerance and result in a higher cost of capital for an industry already struggling with rising costs. President Trump has made no secret of his strongly negative attitude to wind power. Over the first eight months after he took office, some $19 billion in wind and solar power projects was canceled , and investment announcements in the two industries declined by 20%. The administration suspended several large-scale offshore wind projects that were already under construction, to which one developer responded with a lawsuit. Danish Ørsted and tis joint venture partner in the Revolution Wind project, a subsidiary of Global Infrastructure Partners, filed a suit against the U.S. federal government earlier this month. Norway's oil major Equinor was also hit with a stop-work order on it Show less Read more
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