US seeking to scrap offshore wind projects in exchange for fossil fuel deals, according to FT
Context
The report suggests a significant policy shift by the US that could escalate tensions in energy negotiations, trading potential sustainability for immediate fossil fuel benefits. This could impact the energy market dynamics, potentially driving up fossil fuel prices while straining commitments to renewable energy, which would particularly affect sectors linked to both energy and environmental policies.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#EU SESSION#US SESSION#ENERGY & POWER