Daily Caller Piece: Energy Companies Want Nothing To Do With Biden's Botched Offshore Wind Projects
[Note: This story is also published at the Daily Caller]
Is investor interest in committing billions of dollars to new offshore wind projects starting to wane in the United States? If the results of last week’s heavily-touted Biden administration lease sale in the Western Gulf of Mexico are any indication, that could be the case.
The auction resulted in a single tract of 102,480 acres offshore Louisiana attracting a winning bid $5.6 million from German wind company RWE. Two tracts offshore Texas that were also offered attracted no bids at all. That low bid level is a tiny fraction of the billions of dollars in bids received for leases off the northeast Atlantic coast in February, 2022.
Several factors could be at play in creating the lack of interest in this Gulf of Mexico sale, perhaps most prominent among them the fact that, since wind developers began conducting seismic testing for those Atlantic projects last fall, the dead carcasses of more than 60 baleen whales have washed up onto the beaches of New Jersey and New York. While the Biden regulators claim no cause-and-effect connection exists between the developments and whale deaths exists, a rising chorus of critics begs to disagree. (RELATED: DAVID BLACKMON: Should We Believe The Media Hype Linking Hurricane Idalia To Climate Change?)
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