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flag Equinor faces $955M setback in Empire Wind project due to regulatory changes and tariffs.

flag Equinor, a Norwegian energy company, faced a $955 million impairment in its second-quarter results due to challenges with its Empire Wind project off the coast of New York. flag The project, temporarily halted by the US administration, was hit by regulatory changes and higher steel tariffs set by the previous US administration. flag Despite the financial setback, the project has resumed construction and remains profitable, according to Equinor's CEO.

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