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

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