U.S. Offshore Wind: GE Vernova’s Big Problems
By Kennedy Maize -- October 3, 2024“European energy companies Orsted, Equinor and BP have taken a combined $5 billion of writedowns on U.S. offshore wind projects that are mostly in development, in part because their existing power sales contracts would not cover the cost of building and financing the projects.” (- Reuters, below)
Facing a series of costly physical problems and a becalmed market, GE Vernova, the largest offshore wind turbine developer in the U.S., has informed European authorities that it plans to lay off up to 900 workers around the world as it scales back its offshore business. The Maritime Executive reported that the General Electric wind development spinoff notified the European Works Council for France of its planned downsizing.
Under EU law, member states have established councils to “facilitate the information and consultation of employees with a focus on transnational issues….”…
Continue ReadingRule of Law vs. Eco-obstruction
By Robert Bradley Jr. -- October 2, 2024“[I am] worried that events like this could harm the cause to which I (and so many) have devoted my life. From a communications standpoint, the protest seemed like an even bigger mess than the soup-splattered painting.” – Michael Mann (below)
The activist climate fringe finds their cause in trouble. Their termite cause is losing to consumers who want the best energies in terms of price and reliability; losing with taxpayers who are on the hook for ‘energy transition’ bribes; losing with the public that is tired of the rhetoric, exaggeration, and now targeted inconvenience. And, losing with nature as energy sprawl accelerates with industrial wind, solar, and batteries.
Yet the anti-modern-living Deep Ecologists myopically target carbon dioxide (CO2), the green greenhouse gas, the gas of life. Turning to civil disobedience only inflames the public against a selfish fringe.…
Continue ReadingEco Complaints at Climate Week NYC
By Robert Bradley Jr. -- October 1, 2024“The climate movement is dealing with a host of problems of its own making. The anti-CO2 crusade will have fewer and fewer defenders as reality continues to strike back.”
The Climate Industrial Complex wants to tax, regulate, and subsidize, not debate (“report, block, don’t engage,” says Michael Mann). But Climate Week NYC, hosted by Climate Group, allowed (a precious few) alternative voices to alarmism and forced energy transformation at its more than 600 advertised events and activities.
The hard core was upset. “Fossil Fuel Presence at Climate Week NYC Spotlights Dissonance in Clean Energy Transition,” complained Inside Climate News. “Blah, Blah, Blah,” wrote Liza Featherstone in TNR. She noted:
… Continue Reading… instead of being an urgent call to action, it is now the closest thing the climate movement has to a trade show, a week of fancy lunches and private drinks and flashy presentations announcing new investment funds, new green pledges from businesses and states, and thought leaders taking the opportunity to show their climate bona fides.