A French energy giant is halting a plan to build an offshore wind farm near the New York-New Jersey coastline following President-elect Donald Trump’s victory earlier this month.
TotalEnergies SE, the Paris-based oil and gas conglomerate, said it would halt the project in what industry observers say is a sign of things to come under a second Trump administration.
“Offshore wind, I have decided to put the project on pause” with Trump’s return, Total CEO Patrick Pouyanne told a conference in London on Tuesday. His comments were reported by Bloomberg News.
Pouyanne said that the company plans to revisit the project in four years, when political winds in the US could shift once again.
“I said to my team, the project in New York, we’ll see that in four…
