11:23 AM EDT, 04/30/2025 (MT Newswires) -- Equinor ( EQNR ) could lose billions of dollars after the US government stopped its offshore wind project near New York, multiple media outlets reported Wednesday, citing a company statement.

The project, known as Empire Wind, was about 30% finished when the Interior Department halted it on April 16, citing inadequate environmental review, the company said at that time.

Equinor ( EQNR ) reportedly criticized the decision as unlawful and said it plans to meet with US officials to push for a reversal. It said in early April it is exploring legal action.

The company has already invested $2.5 billion in the project and faces up to $2 billion more in financial exposure, including guarantees and fees, it said.

Equinor ( EQNR ) and US White House did not immediately respond to requests for a comment from MT Newswires.

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