A company announced that they were abandoning plans for two huge wind farm projects off the east coast of the United States. The cause for cancelling was enormous inflation and rising interest rates which have both been directly caused by Bidenomics.
Orsted Americas CEO David Hardy said the company was “extremely disappointed” to pull the plug on its development.
“Macroeconomic factors have changed dramatically over a short period of time, with high inflation, rising interest rates, and supply chain bottlenecks impacting our long-term capital investments,” Hardy said in a statement.
“As a result, we have no choice but to cease development of Ocean Wind 1 and Ocean Wind 2.” The decision deals a blow to President Joe Biden’s clean energy goals, which hinge in part on the massive potential for electricity generated from offshore wind. The number of active turbines in US waters is still in the single digits, yes, single digits.
Thanks Brandon.
Biden destroys Green Wind Energy Projects on East Coast
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Re: Biden destroys Green Wind Energy Projects on East Coast
Last edited by Antknot on Wed Nov 01, 2023 8:24 pm, edited 1 time in total.
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Re: Biden destroys Green Wind Energy Projects on East Coast
imagine that. a broken promise to hit ridiculous green energy milestones.Antknot wrote: ↑Wed Nov 01, 2023 5:40 pm Gym has problems
https://www.breitbart.com/economy/2023/ ... -billions/