Tag Archives: President-elect Trump
Donald Trump Pledges to Halt Big Wind Subsidies
Donald Trump’s election victory is quickly taking the wind out of the Biden administration’s ambitious renewables initiatives. President-elect Trump promised to end federal subsidies for offshore wind projects on his first day in office. As with many of his campaign pledges, Americans wait to see whether he will deliver. However, the market did not wait to see. Stock prices of offshore wind developers and turbine makers moved sharply downward following election day as investors query whether windmill projects are economically viable without the hefty federal subsidies Trump has promised to terminate. Environmental groups and fishermen have also raised concerns about the potential ecological trade-offs of this plastic-based technology and worries about ecotoxins created in the manufacturing of solar panels and EVs have caused consumers to pause. more, >>CLICK TO READ<< 10:22
Fishermen celebrate Trump: ‘Government has crucified this industry’
He didn’t win New Bedford, where Vice President Kamala Harris held a margin of 2,688 votes. But the city’s fishermen have dug in with their support for the president-elect. Fishermen on the New Bedford waterfront met the news of a second Trump term with vengeful enthusiasm on Wednesday morning. There was hope that the president-elect would scale back regulation, stop offshore wind development and open new fishing grounds, breaking the slump of declining revenues and ushering in a period of relative prosperity for the industry. “The government has crucified this industry,” said Ryan Turner, 47, who on Wednesday morning was preparing to leave on a scallop trip. He said this election was the first in which he had ever cast his vote. Between Harris and Trump, he said, “I didn’t like either one. I voted because we needed someone in office who is going to get rid of these windmills.” more, >>CLICK TO READ<< 18:17
