Tag Archives: 2022 Inflation Reduction Act
Supporters, Opponents of Offshore Wind Both Look for Hopeful Signs in Trump Administration
On the day after the elections last week, and even before, the airwaves were crammed with speculation about how this, that, and the other sectors of American life and the economy would fare under a Trump administration. The chatter included the future of offshore wind, which was born in the United States in 2016 off the coast of Block Island and continues to generate heavy support and heavy opposition. President-elect Donald Trump has expressed hostility toward offshore wind and has said he would put an end to the industry “on day one” of his administration. Trump-supporting Republicans have vowed to put an end to President Joe Biden’s 2022 Inflation Reduction Act, including tax credits for big projects such as offshore wind. A large share of the IRA’s $891 billion price tag is targeted toward renewable energy and related technologies. more, >>CLICK TO READ<< 07:53
And they call this “green” energy.
The centerpiece of Biden/Harris “accomplishments” is the 2022 Inflation Reduction Act, which included $369 billion worth of green giveaways/grants, including 30 gigawatts of offshore wind turbines by 2030. Harris plans to spend $10 trillion in public/private funding on green initiatives. So, how is it going? On July 13, a massive blade from a wind turbine nearly as tall as the Eiffel Tower collapsed into the Massachusetts Nantucket Sound for no apparent reason throwing the tourist destination into economic crisis at the height of the summer season. More than six truckloads’ worth of debris was collected, with more still washing up weeks later. Miles of the island’s famous ocean beaches had to be closed for days due to the dangerous debris, yet the media coverage was negligible. more, >>CLICK TO READ<< by Arthur Keller 07:17
