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Trump Cancels $679 Million in Offshore Wind Project Funding
Financial MarketsWind FundingUpdated 21 hours ago

Trump Cancels $679 Million in Offshore Wind Project Funding

President Trump has announced the cancellation of $679 million in federal funding for offshore wind projects, labeling them as wasteful. This decision, supported by Transportation Secretary Sean Duffy, suggests that the funds could be better allocated to bolster America's maritime industry, significantly impacting renewable energy initiatives.

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Trump breaks wind funding again, canceling $679 million in federal funding for a dozen offshore projects
NegativeFinancial Markets
Trump has canceled $679 million in federal funding for various offshore wind projects, citing them as wasteful. Transportation Secretary Sean Duffy emphasized that these resources could be better used to support America's maritime industry.
Trump cancels $679 million in federal funding for offshore wind projects
NegativeFinancial Markets
Trump has canceled $679 million in federal funding for offshore wind projects, impacting renewable energy initiatives.
Editor’s Note: This decision is significant as it undermines efforts to promote renewable energy and combat climate change, potentially affecting jobs and investments in the green energy sector.

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