{"id":2085052,"date":"2023-10-31T09:18:02","date_gmt":"2023-10-31T13:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/green-agenda-fail-biden-might-counter-billions-in-wind-industry-losses-with-election-year-bailout-experts-warn\/"},"modified":"2023-10-31T09:21:41","modified_gmt":"2023-10-31T13:21:41","slug":"green-agenda-fail-biden-might-counter-billions-in-wind-industry-losses-with-election-year-bailout-experts-warn","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/green-agenda-fail-biden-might-counter-billions-in-wind-industry-losses-with-election-year-bailout-experts-warn\/","title":{"rendered":"Experts warn that Biden&#8217;s potential election-year bailout may be necessary to counter billions in losses for the wind industry, highlighting a failure in the Green Agenda."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">52<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgreen-agenda-fail-biden-might-counter-billions-in-wind-industry-losses-with-election-year-bailout-experts-warn%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2085052&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Offshore Wind Industry Begs\u2064 for Bailout as Losses Mount<\/h2>\n<p>Energy experts are sounding the alarm, claiming that the \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pete-buttigieg-delivers-241m-to-besieged-u-s-ports-to-ease-supply-chain-woes\/\" title=\"Pete Buttigieg Delivers 1M to Besieged U.S. Ports to Ease Supply Chain Woes\">offshore wind industry<\/a>\u200d is in desperate\u2064 need of a bailout.\u200c With each passing breeze, it becomes increasingly clear that these projects are not delivering on their \u200dpromises and \u2062are costing companies \u2064massive amounts of money.<\/p>\n<p>General Electric is projected \u2063to lose \u2062$1 billion\u200b this year and next\u200d year \u200ddue\u2062 to its \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/green-agenda-fail-biden-might-counter-billions-in-wind-industry-losses-with-election-year-bailout-experts-warn\/\" title=\"Experts warn that Biden's potential election-year bailout may be necessary to counter billions in losses for the wind industry, highlighting a failure in the Green Agenda.\">offshore wind project\u200b failures<\/a>. Siemens Energy is facing \u2062a loss of $4.8 billion, while Orsted A\/S is \u200dlooking at a $2.3 billion loss over its \u200cprojects.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Gee, who could have seen this coming?<\/p>\n<p>Answer: anyone who\u2019s ever driven past a wind \u200dfarm.<\/p>\n<p>Wind companies losing\u2063 billions,\u200c prompting fears a\u2063 federal bailout could be coming <a href=\"https:\/\/t.co\/RnNkJVUeu0\">https:\/\/t.co\/RnNkJVUeu0<\/a> via <a href=\"https:\/\/twitter.com\/JustTheNews?\">@JustTheNews<\/a><\/p>\n<p>\u2014 Don Fotsch | fotsch.eth (@fotsch1) <a href=\"https:\/\/twitter.com\/fotsch1\/status\/1718839071265689756?\">October 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>All\u2063 signs point to a line forming for taxpayer\u200d cash, as experts warn that the Biden administration \u2062and congressional\u2063 Democrats may be eager to use taxpayer money \u2062to prop up \u2064the failing offshore wind \u2063industry. \u200bDespite its unnecessary and environmentally destructive nature,\u2062 offshore wind has become a centerpiece of the Green New\u2062 Deal propaganda,\u2063 and its\u2062 supporters will stop at nothing to keep it\u200b alive.<\/p>\n<p>According \u200dto energy consultant David Blackmon, an effort is likely underway in Washington, DC\u200b to allocate billions more dollars to\u200d bail out Big Offshore Wind \u200cdevelopers. The\u200d billions already\u2062 offered by state governments and the Inflation Reduction Act are simply not enough to sustain these companies.<\/p>\n<p>Some experts argue that\u200d the government&#8217;s interference in markets it knows little about \u200cis to blame for this debacle. The government&#8217;s agenda and \u2064political targets\u200b take precedence over the enormous costs, grid reliability, and the impact on \u200cthe American people.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">If\u2064 wind if so \u2064profitable why \u2064does Siemens Energy \u2062need \u2062an emergency bailout to save it \u200dfrom bankruptcy on wind\u2062 turbine issues. \u200bGE Offshore wind posted\u200b $1 billion loss in 2023 and expects to lose same amount\u2064 in 2024. \u200cPerhaps wind energy \u200bisn\u2019t the goldmine you were suggesting? <a href=\"https:\/\/t.co\/XxUhC2ImKy\">https:\/\/t.co\/XxUhC2ImKy<\/a><\/p>\n<p>\u2014 Robertplewis21 (@robertplewis21) <a href=\"https:\/\/twitter.com\/robertplewis21\/status\/1717621236413440343?\">October 26, \u20632023<\/a><\/p>\n<\/blockquote>\n<p>The governors of \u200dsix East Coast states, all Democrats, have expressed concerns that offshore wind projects may never be completed without \u200dfederal funding. They\u200b warn that without intervention, \u2063these\u2062 projects are at serious\u2063 risk of failure,\u2064 and states&#8217; ratepayers \u2064cannot bear \u2063the burden of the costs alone.<\/p>\n<hr>\n<h3>An \u200dUrgent Note\u200b from Our Staff:<\/h3>\n<p>The\u200d Western Journal has \u2064been labeled \u201cdangerous\u201d simply because we have a biblical worldview and \u200cspeak the truth about what is happening in America.<\/p>\n<p>We refuse to let Big Tech and woke advertisers dictate the content\u200b we share with our\u2062 community. We stand \u2064for truth. We stand for freedom. We stand with our readers.<\/p>\n<p>We\u2019re asking you to help \u200dus in this fight. <a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>We can\u2019t do this without you<\/b><\/a>.<\/p>\n<p>Your <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/governor-goes-around-voters-backs-signs-change-in-state-election-laws\/\" title=\"Governor sneaks behind voters, enacts new election laws.\">donation directly helps fund<\/a> our editorial team of \u2064writers and editors. Your support means we can\u200d continue to expose false narratives and defend traditional\u2063 American values.<\/p>\n<p><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>Please stand with us by donating today<\/b><\/a>.<\/p>\n<p><b>Thank you\u2062 for your support!<\/b><\/p>\n<p>The\u2062 post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/green-agenda-fail-biden-might-counter-billions-wind-industry-losses-election-year-bailout-experts-warn\/\">Green Agenda Fail: Biden\u200c Might Counter Billions in Wind Industry Losses with Election-Year\u2064 Bailout, Experts Warn<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> What \u200bare the concerns about the environmental impact of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-top-energy-regulator-lobbied-for-company-behind-admin-approved-wind-farm\/\" title=\"Biden\u2019s Top Energy Regulator Lobbied for Company Behind Admin-Approved Wind Farm\">offshore wind farms<\/a>?<\/h2>\n<p><span>  Everyone thought it\u2064 was? <a href=\"https:\/\/t.co\/RnNkJVUeu0\">https:\/\/t.co\/RnNkJVUeu0<\/a> #GreenNewDeal #OffshoreWind #Bailout<\/p>\n<p>\u2014 Peter Hamby (@PeterHamby) <a href=\"https:\/\/twitter.com\/PeterHamby\/status\/1718842081514054918?\">October 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>Opponents of the \u2063offshore wind \u2064industry argue that the sector is heavily \u200creliant on government subsidies and tax credits, which keep propping up projects that are\u2062 financially unsustainable. They believe that the market should dictate the\u2063 success or failure of such endeavors, rather than taxpayers \u2064being burdened with the responsibility of rescuing \u2062failing companies.<\/p>\n<p>Additionally, there\u2064 are \u2062concerns about the environmental impact of offshore\u200b wind\u2064 farms. These projects \u2062often <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/number-of-refugees-who-have-let-war-torn-ukraine-hits-two-million\/\" title=\"Number of Refugees Who Have Let War-Torn Ukraine Hits Two Million\">require significant amounts<\/a> of land\u200d and can disrupt marine ecosystems. The industry&#8217;s advocates argue that the benefits of renewable energy outweigh any negative consequences, but critics question the true sustainability and efficiency of\u200c offshore wind as a solution\u200d to our energy needs.<\/p>\n<p>As the losses for companies in\u200b the offshore wind industry continue \u2064to mount, it is clear that urgent action is needed to \u200daddress the situation. While the proponents of the \u2063Green New Deal may argue for further\u200b bailouts and government intervention, it is crucial to examine the long-term viability and economic impact of such decisions.<\/p>\n<p>If the offshore wind industry is \u200cunable to sustain itself without continuous financial support, it raises questions about the feasibility and reliability of this form \u200cof energy generation. It is essential to consider alternative options and invest in technologies that have a proven track record of success in order to achieve a sustainable energy future.<\/p>\n<p>Ultimately, the decision of whether to provide a bailout to the offshore wind industry rests in the hands of policymakers. They must weigh \u2064the\u2064 economic implications, the\u2064 potential\u2062 environmental consequences,\u2062 and the overall benefit to society in\u200b order to make\u2062 an informed and responsible\u200d choice.<\/p>\n<p>It is imperative that we prioritize the long-term stability and success of our energy industry while also considering the impact on taxpayers and the\u2062 environment. The offshore wind industry may\u2064 be begging for a bailout, but it is essential to carefully evaluate the costs and \u2064benefits before making any decisions that will have lasting effects on our economy and our planet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy experts claim that the offshore wind industry constantly seeks a bailout, as multiple projects fail to deliver promised results and drain companies financially. The Biden administration may be inclined to use taxpayers&#8217; money to support this struggling sector.<\/p>\n","protected":false},"author":661,"featured_media":2085053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2085052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2085052"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2085053"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2085052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2085052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2085052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}