• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
Politicswind power

Trump executive order pauses leasing and permitting for wind energy projects

By
Jennifer McDermott
Jennifer McDermott
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Jennifer McDermott
Jennifer McDermott
and
The Associated Press
The Associated Press
Down Arrow Button Icon
January 21, 2025, 7:00 AM ET
Wind turbines are seen from Interstate-84, on July 9, 2023, near Hammett, Idaho.
Wind turbines are seen from Interstate-84, on July 9, 2023, near Hammett, Idaho. Lindsey Wasson—AP
Add Fortune on Google for similar content.

President Donald Trump signed an executive order Monday temporarily halting offshore wind lease sales in federal waters and pausing the issuance of approvals, permits and loans for both onshore and offshore wind projects.

Recommended Video

The interior secretary will review wind leasing and permitting practices for federal waters and lands. The assessment will consider the environmental impact of wind projects on wildlife, the economic costs associated with the intermittent generation of electricity and the effect of subsidies on the viability of the wind industry, the order states.

Trump wants to increase drilling for oil and gas and has been hostile to renewable energy, particularly offshore wind. Trump’s pick for interior secretary, Doug Burgum, was asked during his confirmation hearing whether he would commit to continuing with offshore wind leases that have been issued. Burgum said projects that make sense and are already in law will continue.

Wind power currently provides about 10% of the electricity generated in the United States, making it the nation’s largest source of renewable energy. There is 73 gigawatts of offshore wind capacity under development in the U.S., enough to power 30 million homes, according to the American Clean Power Association.

The order also temporarily prohibits Magic Valley Energy from continuing to develop the Lava Ridge Wind Project in Idaho. The federal government approved a scaled-down plan for the wind farm in December over local opposition, including from groups concerned about its proximity to a historic site where Japanese Americans were incarcerated during World War II.

On the campaign trail, Trump vowed to end the offshore wind industry as soon as he returned to the White House. He wants to boost production of fossil fuels such as oil, natural gas and coal, which cause climate change, in order for the U.S. to have the lowest-cost energy and electricity of any nation in the world, he says.

It’s unclear how much authority he has to stop wind projects, particularly those that have their federal permits. His order will likely be challenged in court, much like an executive order President Joe Biden signed soon after taking office in 2021 that suspended new oil and gas lease sales was challenged.

Soon after his election, Trump tasked a New Jersey congressman and vocal critic of offshore wind, Republican Rep. Jeff Van Drew, with drafting an executive order on offshore wind he could issue early in his term. Van Drew said he quickly sent the draft to Burgum. Van Drew views the executive order as a first step toward an eventual moratorium on offshore wind development.

By including onshore wind projects too, Monday’s order is far broader than what Van Drew proposed. Trump says wind turbines are horrible, only work with subsidies and are “many, many times” more expensive than natural gas.

Offshore wind is among the sources of new power generation that will cost the most, at about $100 per megawatt hour for new projects connecting to the grid in 2028, according to estimates from the Energy Information Administration. That includes tax credits under the Inflation Reduction Act, which reduces the cost of renewable technologies. But onshore wind is one of the cheapest sources, at about $31 on average for new projects.

New natural gas plants are expected to produce electricity at nearly $43 per megawatt hour, according to the estimates. The EIA said in addition to price, it’s important to consider the reliability of the grid — natural gas power plants can be operated at any time throughout the day, unlike solar or wind.

Robin Shaffer, president of Protect Our Coast NJ, one of the most vocal groups opposing offshore wind on the East Coast, said the new executive order is only the first step toward the U.S. moving away from offshore wind, a “harmful technology,” and toward more promising, sustainable energy sources.

But Kit Kennedy, managing director for power at the Natural Resources Defense Council, said the Trump administration is putting dirty fossil fuels front and center while delaying progress on renewable energy projects. This is not only bad for clean air, public health and national security, it cuts short a promising source of additional power at a time when the grid needs it most, Kennedy said in a statement.

The Biden administration sought to ramp up offshore wind as a climate change solution, setting national goals to deploy offshore wind energy, holding lease sales and approving nearly a dozen commercial-scale offshore wind energy projects. The nation’s first commercial-scale offshore wind farm opened in March, a 12-turbine wind farm called South Fork Wind 35 miles (56 kilometers) east of Montauk Point, New York.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Jennifer McDermott
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersEye on AI
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
15 hours ago
k
PoliticsElections
Coming to an election near you: prediction markets
By Matt Motta, Robert Ralston and The ConversationJune 23, 2026
16 hours ago
Doctor giving patient injection in volunteer clinic
HealthHealth
For the first time ever, no young women in England died of cervical cancer. In the U.S., RFK Jr.’s vaccine skepticism stalls HPV progress
By Catherina GioinoJune 23, 2026
17 hours ago
ks
PoliticsUnited Kingdom
10 years of Brexit means 7 Prime Ministers and a broken British politics
By Jill Lawless and The Associated PressJune 23, 2026
18 hours ago
burnham
PoliticsUnited Kingdom
Britain poised for ‘Manchesterism’ under presumptive next Prime Minister Andy Burnham
By Jill Lawless and The Associated PressJune 23, 2026
19 hours ago
Polymarket CEO Shayne Coplan
CryptoCryptocurrency
Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney
By Camila Grigera NaónJune 23, 2026
19 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
21 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
23 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
20 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.