Ørsted CEO: Offshore Wind's Boom and Bust, America's Pushback and Rebuilding Trust

And then uh and then I get a phone call uh from uh from our general counsel uh that I have worked with for for a decade. And to be honest, I I sort of I I I look at the phone and then I actually put it put it down again. Because uh he had called me he rang again. Yeah, yeah, exactly. Then he sent me a text and said, Rasmus, you should probably just give me a call. And then within less than 10 minutes, we received what is called sort of a stop work order. Which is effectively a one page that orders you to stop the construction of a project in the US. That at the time was

Uh eighty percent don't. Mm. That was uh that was Pretty extreme, um unexpected. Hi, everybody, I'm Nikola Tanjan, the CO of the Norwegian Sovereign Wealth Fund, and today I'm joined live from Oslo by Erasmus Abel, the CO of Osted.

The largest offshore wind company? In the world. Usted used to be a Danish oil and gas company. sold its fossil fuel business. And rebuild itself around offshore wind. Warm welcome, Osmus. Thank you very much, Negol. I'm very happy to be here.

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