US seeks to scrap offshore wind projects in exchange for fossil fuel deals
Interior department in talks with companies that hold leases to build plants off America’s coastline
Interior department in talks with companies that hold leases to build plants off America’s coastline

Deal comes as Donald Trump faces pressure to limit energy price increases triggered by Iran war

Higher interest rates, supply chain strains and Trump opposition stifle industry’s boom

Shares in Ørsted, the world’s largest offshore wind developer, fell by more than 14% after announcement

Dutch non-profit activist group makes push to halt new oil and gas production

Symbolic move indicates growing resistance to Trump administration’s payments to stop such projects

The US president’s actions have inadvertently raised the appeal of renewable energy