Tag Archives: not financially viable
Contorting The Approval Process’: Biden Waived Taxpayer Safeguards To Get Wind Farm Built
A Massachusetts wind project, which recently became the first utility-scale offshore wind project to deliver electricity to the grid, wouldn’t have been financially viable if the Biden administration hadn’t intervened, according to internal documents reviewed by Fox News Digital. Federal officials with the Bureau of Ocean Energy Management (BOEM) acknowledged in the unearthed communications shared with Fox News Digital that granting a waiver on development fees designed to safeguard taxpayers was “critical” for the 800-megawatt Vineyard Wind project. [emphasis, links added] BOEM ultimately waived the financial assurance for the decommissioning costs fee for the project in June 2021. “The more we dig into the details of the Vineyard Wind project the more concerning it becomes. more, >>click to read<< 11:48
