U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.

News circulated last week that Trump had tapped New Jersey Congressman Jeff Van Drew, a Republican who’s frequently criticized projects proposed off the coast of his state, to draft an executive order on offshore wind. Industry observers said it may include a moratorium on all development.

The suspension of offshore wind leasing by incoming US President Donald Trump has significantly impacted European wind power companies. On the first day of his second term in office, Trump halted new federal offshore wind leasing pending economic and environment review,

By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European wind power companies fell on Tuesday after U.S. President Donald Trump suspended offshore leasing for wind on his first day in office, adding to pain in an industry that had turned to the U.

President Trump calls for a temporary offshore wind moratorium. Here's what to know about the executive order and US Wind proposal