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Home » BP books $540 mln impairment in third quarter on U.S. wind farm project

BP books $540 mln impairment in third quarter on U.S. wind farm project

    BP said on Tuesday it booked a $540 million pretax impairment on its wind power projects offshore New York after officials rejected a request for better terms to reflect what BP referred to as "inflationary pressures and permitting delays." Norway's Equinor, BP's partner in the projects, booked a $300 million impairment on its U.S. offshore wind power portfolio on Friday.

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