It was recently revealed that Equinor ASA (NYSE:EQNR) is set to resume construction on the Empire Wind project off the coast of New York. Let’s shed some light on the development. It was announced on May 19 that the Trump administration has lifted its month-old stop-order,

The decision to resume construction marks an abrupt about-face by the Trump administration, which halted the project last month.

The administration reversed course and will allow the Empire Wind project to proceed after lobbying by New York Gov. Kathy Hochul and Norwegian energy firm Equinor.