$1 Billion of Ratepayer Subsidies

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Murphy Tagged $1 Billion of Ratepayer Subsidies to Bailout Failed Foreign Wind Energy Corporation

November 12, 2023 National

Senator Michael Testa recently addressed the withdrawal of Ørsted, a Danish wind energy company, from the Ocean Wind 1 & 2 offshore wind farm projects in New Jersey. Testa’s comments highlighted the complexities and controversies surrounding the state’s investment in green energy. Testa criticized the allocation of state funds, including a $1 billion investment in Ørsted’s projects, as a burden on taxpayers and ratepayers. He described the investment as “a drop in the ocean,” underscoring his view that the funds were insufficient to achieve the intended goals. Additionally, Testa expressed concern about the establishment of a $5 million wind institute, which he perceives as a “propaganda arm” of the wind industry. >>click to read<< 14:50

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Ocean Resource Privatization

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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