Developers behind a proposed offshore wind farm off the coast of Long Island have terminated their contract on the project. Energy firms Equinor and BP said it is no longer financially feasible. 

The project was expected to generate more than one gigawatt of electricity, or enough to power at least 800,000 homes. The state is now expected to reopen the bidding process for the project at the end of the month.

Pete Sikora, the climate campaigns director for the advocacy group, New York Communities for Change joined Errol Louis on "Inside City Hall" to talk about the project and more. "Offshore wind is not moving forward as fast as it should...These offshore wind projects are absolutely necessary, they need to be put into place and they need to be done fast under the governor," Sikora said.