Biden's Offshore Wind Boondoggle is Collapsing

The Wall Street Journal published a long analysis of the trials and tribulations of Joe Biden’s heavily subsidized offshore wind boondoggle on Friday. The writers do a good job of detailing many of the major challenges wind developers off the northeastern coast have faced in executing their plans, though the writers carefully avoid mention of all the dead whales washing up onshore adjacent to the developments, and the extremely damaging impacts the projects are having on the commercial fishing industry.

The industry is collapsing into the Atlantic, though, and the piece attributes most of the trouble to timing, attributing the financial struggles of developers to inflation and supply chain muckups coming out of the world’s insane response to the Covid pandemic.