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Rasmus Errboe711bet, the new chief executive of the Danish offshore wind developer Orsted, sounded as if he had inherited a mess as he explained a 25 percent paring of the company’s investment plans on Thursday.
Over the past two years, Orsted has backed away from some huge wind projects it planned to build off the East Coast of the United States, notably off New Jersey, because of delays, inflation and higher interest rates.
Now, President Trump’s aversion to offshore wind farms threatens to complicate the two big projects off New York and Rhode Island that Orsted says it is still committed to completing.
“We are working relentlessly to minimize the risks given the market conditions and the economic climate,” Mr. Errboe said. “I’m not able to hand out any guarantees.”
The downshift at Orsted, one of Europe’s flagship renewable energy developers,fhm63 casino came just a day after Equinor, the Norwegian energy giant that has been a large investor in renewable energy, said it would cut planned spending on low-emission projects to $5 billion, from $10 billion, over the next three years.
“The energy transition is moving slower than expected,” Anders Opedal, chief executive of Equinor, said Wednesday at a meeting in London to discuss the company’s strategy.
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Disciplinary proceedings against Dr. Wax tested the tenure protections of professors and whether such protections allow them to voice opinions that many might find inappropriate or downright insulting. Many students said that they could not trust Dr. Wax to grade students without bias. But many professors — even those who found her comments profoundly racist — objected to disciplining her on the grounds of academic freedom.
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