ht: B
The Trump administration put a stop on the construction of the Revolution Wind project off the coasts of Rhode Island and Connecticut back in August because the project was given the green light by the Biden administration even though the company, Ørsted, hadn’t completed the initial impact paperwork.
A federal judge (appointed by Reagan so must be what, 110?) ruled that construction could continue.
However…
It gets worse (as anything with the Biden stamp on it does). The company was also allowed to defer providing the funds up front for decommissioning.
Despite internal warnings that this kind of exception “increases the risk to the federal taxpayer,” the Biden administration granted Revolution Wind and Vineyard Wind sweetheart breaks for their decommissioning costs that were estimated at $325 million and $191 million, respectively, according to the documents and FGI.
An internal memo rang the alarm bell on this and stated:
“While this is a BOEM decision, BSEE has significant concerns with granting a departure to current regulations that require financial assurance before installation of any facilities,” the memo states. “The primary risk are as follows: delaying receipt of financial assurance increases the risk to the federal taxpayer as identified by Government Accountability Office (GAO), the longer financial assurance is deferred, the greater the chance that the government will not collect [and] decommissioning funds may need to be accessed prior to the expected end of project life due to unforeseen events.”
NOTES: BOEM = Bureau of Ocean Energy Management and BSEE = Bureau of Safety and Environmental Enforcement
You may recall that Vineyard Wind had a turbine shatter and sent debris, including carbon fiber (nasty sharp stuff) all over the coastline and into the ocean.
Wind power is not environmentally friendly. Not in the any part of its life cycle, nor does it meet its very expansive energy production goals. The Trump administration is straight up right to reverse course on so-called ‘green energy’ and literally go nuclear (along with fossil fuels).
And IMO, anything the Biden administration touched had grift associated with it in one form or another.
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