Lates News

According to the Associated Press, the US Department of Transportation last Friday cut $679 million in federal funding for 12 offshore wind projects. This is the latest blow from the Trump administration to the US offshore wind industry. The department stated that the cancelled funds will be reallocated, potentially for upgrading US ports and other infrastructure. Several wind projects in the US have been halted in recent months. Experts warn that these clean energy sources are crucial for combating climate change. This move could lead to changes in the US energy structure and weaken the country's competitiveness in the clean energy sector, affecting industries such as shipping and steel, and potentially hindering the development of industries such as artificial intelligence and data centers due to inadequate power supply. (Global Times)