Tag Archives: by Georgetown Economic Services
Offshore Wind Will Deliver Few U.S. Jobs; Lack of Oversight Means Most Jobs Will Be Overseas
New developments have raised serious questions regarding the economic and job benefits from offshore wind energy projects in U.S. waters. Unsubstantiated claims of significant economic growth and investment have exaggerated the benefits of offshore wind energy, and diminished the economic and cultural importance of sustainable American wild-caught fisheries. A new study, conducted by Georgetown Economic Services (GES), finds that “[t]he claim that the huge investments in offshore wind would provide significant job and economic benefits in the U.S. has been grossly inflated.” The study also reaches an important conclusion: many of the jobs and benefits would actually go to the foreign-owned companies currently dominating the wind energy landscape, instead of creating local opportunities. >click to read< 15:45
