Tag Archives: preparing a bailout package
Federal bailout coming for failing offshore wind companies?
Team Biden is preparing a bailout package for the offshore wind industry that it already heavily subsidizes, a report said. The Biden Administration’s plan is to have offshore wind provide enough power to meet the annual demand of 10 million American homes by 2030, according to the White House. Writing in his “Energy Absurdity” Substack, David Blackmon, an energy analyst with over 40 years of experience in the oil and gas industry, said that lobbying is likely to soon begin for Team Biden to dip into taxpayer coffers to pony up more billions in funding for failing wind farms. “Everyone should prepare themselves to see an effort in Washington, D.C. to allocate billions more dollars to bail out Big Offshore Wind developers soon,” Blackmon wrote. >>click to read<< 10:55
