In its rush to burnish its green bona fides, the Biden administration is showering billions of dollars of subsidies onto European offshore wind developers, and in the process threatening both the environment and the livelihoods of Atlantic coast commercial fishermen.
The most recent example is the Bureau of Ocean Energy Management’s (BOEM) decision to fast-track offshore leases to wind energy companies in the New York Bight — a 16,000 square mile triangular area off the coast between Long Island and New Jersey, where Govs. Andrew Cuomo and Phil Murphy want to construct at least 18,000 MW of wind. All told, the Biden administration wants to construct 30,000 megawatts of offshore wind by 2030, which would require erecting one 850-foot-tall wind turbine virtually every single day for the next decade.
Jonathan A. Lesser, PhD, is the president of Continental Economics, an economic consulting firm, and an adjunct fellow with the Manhattan Institute.
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