WRITTEN BY NICK POPE ON JAN 4, 2024. POSTED IN LATEST NEWS
Two Firms Cancel Major Offshore Wind Contract, Another Blow To Biden’s Climate Fantasy
biden speechThe two firms behind a major offshore wind project decided to cancel a contract to supply power from the development on Wednesday, dealing a major blow to President Joe Biden’s massive green energy agenda.
Equinor and British Petroleum (BP), the firms working in a joint venture to construct the enormous Empire Wind 2 offshore wind farm, canceled a contract with New York state to sell power generated by the project, citing inflationary pressures, high-interest rates, and supply chain problems, Equinor announced. [emphasis, links added]
The cancellation stands as the latest sign of trouble for the offshore wind industry, which the Biden administration is counting on to produce enough energy to power 10 million American homes for one year by 2030.
https://climatechangedispatch.com/two-firms-cancel-major-offshore-wind-contract-another-blow-to-bidens-climate-fantasy/