Story perspectives

Trump Moves to Revoke Offshore Wind Leases, Risks $10B Jobs

5/14/2026

Summary

Story summary

President Donald Trump decided to buy back offshore wind leases, threatening the clean-energy sector.
He ordered construction to stop on five East Coast offshore wind projects, a halt judges later lifted.
The offshore wind sector supports 18,000 U.S. jobs and has drawn $25.5 billion in investments across ports, steel, shipbuilding and training.
Oceantic Network says canceling a 1-gigawatt Northeast offshore wind project would cost nearly $10 billion in lost jobs and investments.

1 of 1

Story summary

President Donald Trump decided to buy back offshore wind leases, threatening the clean-energy sector.
He ordered construction to stop on five East Coast offshore wind projects, a halt judges later lifted.
The offshore wind sector supports 18,000 U.S. jobs and has drawn $25.5 billion in investments across ports, steel, shipbuilding and training.
Oceantic Network says canceling a 1-gigawatt Northeast offshore wind project would cost nearly $10 billion in lost jobs and investments.