Exxon, Chevron Focus on Oil Projects in the Americas
The two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
Energy Explained
Get the latest as our experts share their insights on global energy policy.
Trade Policy Disputes at COP Are Here to Stay
This year’s Conference of the Parties (COP-29) broke new ground with the Baku Initiative for Climate Finance, Investment, and Trade (BICFIT)—the first high-profile COP initiative to place trade...
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Transforming America’s Power System
This week host Jason Bordoff talks with Cheryl LaFleur and David Hill about the incoming Trump administration, its impact on FERC, and the status of permitting reform measures.
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January 30, 2025
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Can AI Help Reduce Emissions of Greenhouse Gases?
Please join the Center on Global Energy Policy (CGEP) at Columbia University's School of International and Public Affairs for a special webinar "Can AI Help Reduce Emissions of...
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The offshore wind energy industry is on the cusp of breaking out in the U.S., with the government anticipating 2,000 turbines with 22 gigawatts of capacity in federal waters in the Atlantic Ocean over 10 years.
In this episode of Columbia Energy Exchange, host Bill Loveless is joined by Thomas Brostrøm, whose company is a leader in the industry around the world. Thomas is the president of Ørsted North America and CEO for Ørsted U.S. Offshore Wind. He joined Bill from Boston to talk about plans that Ørsted Energy has to build wind farms in waters up and down the U.S. East Coast.
All told, Ørsted has 10 offshore wind farms in the U.S., including ones in Rhode Island and Virginia that are the first to operate in this country.
Throughout the world, Ørsted has built more offshore wind farms than any other developer. By 2022, it expects to expand its offshore wind capacity to nearly 10 gigawatts, with projects in the U.S., Europe and Asia.
This from a business once known as Danish Oil and Gas Company. Thomas and Bill talk about the transition that Ørsted has undergone in recent years and whether it serves as a model for other fossil fuel companies looking to move into greener forms of energy.
They also look at the policy and economic factors promoting investments in U.S. offshore wind by Ørsted and other companies, the economic development that could accompany the industry’s emergence here, and the challenges it faces in moving ahead.
Prior to joining Ørsted, Thomas was in the investment banking and venture capital business.
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Fossil Fuel Provisions of the Energy Permitting Reform Act of 2024 and Their Effects on Climate Goals
A bipartisan permitting-reform proposal in the US Senate includes provisions that reduce barriers to an improved electricity transmission system, which would help fortify the country’s energy system and accelerate the transition away from fossil fuels.
Fact Sheet
by Noah Kaufman • December 20, 2024
Africa’s Climate Finance Problem: African Sovereigns, Green Bonds, and Climate Action
TRENDS Research & Advisory strives to present an insightful and informed view of global issues and challenges from a strategic perspective. Established in 2014 as an independent research center, TRENDS conducts specialized studies in the fields of international relations and political, economic and social sciences.
External Publications
by Harry Verhoeven & Gautam Jain •
TRENDS Research & Advisory
• December 20, 2024
Trade Policy Disputes at COP Are Here to Stay
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The Elements of Sanctions Ripe for Reform
Economic statecraft, and sanctions in particular, are popular policy instruments because they promise to deliver leverage at someone else’s expense. Sanctions can create pressure by taking away something...
