Tag Archives: General Electric
It’s Been a Brutal Year for Offshore Wind — Despite Analysts’ Best Guesses
Since the start of 2023, approximately 60% of all contracts signed by American offshore wind developers have been cancelled, according to E&E News. Ørsted, a Danish company and one of the world’s leading offshore wind developers, backed out of two major planned projects in New Jersey in 2023, while other players like General Electric, British Petroleum (BP) and Equinor attempted to renegotiate with state governments as economic headwinds eroded projects’ profitability. Similar developments have played out to start 2024, with developers up and down the east coast backing out of deals to sell power from their projects as the same fundamental economic problems persist despite the projections of some market experts and media outlets. more, >>CLICK TO READ<< 08:57
The Case of the Poisoned Fish, by Sidney B. Silverman
In the mid-1980s, East Hampton’s summer and year-round weekend population was growing rapidly. The demand for water views in particular was enormous, and the seemingly endless construction of new homes along the shoreline caused wastewater and other pollutants to run off into the bays. The contaminants made their way into clam and scallop beds; at least two lucrative fishing areas were damaged. The death knell for commercial fishing sounded when striped bass became contaminated by PCBs, polychlorinated biphenyls, and in 1986 New York State, citing health reasons, closed the bass fishery. Fishermen called the striped bass their “money fish,” providing what small profit they made each year; the other catches only covered overhead. General Electric was the cause of the contamination. It operated several plants adjacent to the Hudson River in upstate New York. The plants manufactured transformers and capacitors, using PCBs, a chemically stable, nonflammable fluid and a suspected carcinogen, for insulation. In handling this chemical, G.E. was sloppy to the point of recklessness. Read the story here 17:54
