Posted on 11/28/2023 5:10:24 PM PST by E. Pluribus Unum
Billions in corporate welfare turns to dust.
President Joe Biden will be in Colorado today, November 28, to champion green energy policies inside his Inflation Reduction Act and the CHIPS and Science Act. He will spend time in Denver and Pueblo to tout a couple of wind-related factories that are set to take advantage of the administration’s corporate welfare scheme. The president, facing abysmal polling data one year away from the election, will target Republicans and point out how they voted against his investments and job creation efforts. Clean energy, like wind, has been the focal point of Bidenomics. But have the billions in federal and state funds poured into the private sector yielded tangible results?
Green Energy Setbacks new banner The State of BidenomicsBy 2030, the Biden administration aims to generate 30 gigawatts of offshore wind power. This would be enough to power ten million US households. Is this doable? The road to green energy has hit a couple of roadblocks in recent months, leaving some industry analysts to warn that the goal is unlikely to be reached in seven years.
Earlier this month, Orsted, an international energy developer, put the kibosh on two major offshore wind projects off New Jersey’s coast. The Denmark-based company confirmed that the board of directors voted to cancel the high-profile Ocean Wind 1 and Ocean Wind 2 amid high inflation, supply chain snafus, and increasing interest rates. In July, the White House celebrated these green energy projects, which were projected to offer more than 2.2 gigawatts of power, for being examples of “Bidenomics in action.”
The Danish firm’s cancellations came around the same time other developers in the New England region announced that they were ending power contracts for three projects. These were supposed to generate 3.2 gigawatts of wind power for Connecticut and Massachusetts.
President Biden Holds News Conference After Summit with Chinese President Xi In San FranciscoWOODSIDE, CALIFORNIA - NOVEMBER 15: U.S. President Joe Biden delivers remarks at a news conference at the Filoli Estate on November 15, 2023 in Woodside, California. The news conference follows a meeting between Biden and Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) Leaders' week, their first since meeting at the Indonesian island resort of Bali in November 2022. (Photo by Kent Nishimura/Getty Images) (Photo by Kent Nishimura/Getty Images)
These developments accounted for close to one-fifth of the White House’s 2030 objective. But these were not all, as several other organizations, including BP and Shell, canceled or sought to renegotiate power agreements for wind farms that were set to be operational sometime between 2025 and 2028. In July, Rhode Island Energy chose not to move forward with several offshore wind turbines due to soaring costs that would have put tremendous pressure on customers’ wallets.
Michael Brown, the US country manager for Ocean Winds, an offshore wind joint venture between France’s ENGIE and Portugal’s EDP Renovaveis, told a Reuters Events conference this past summer: “Thirty gigawatts is now unfortunately not something that the developers are really aspiring to. We want to meet as high a gigawatt target as possible, but it’s not going to be possible to meet those 30 GW.” Timothy Fox, a ClearView vice president, concurs. However, he believes the US will eventually reach the 30-gigawatt target and surpass the mark.
Like the “net zero by 2050” dream, this is yet another climate-related vision that will not be realized.
Nevertheless, the Biden administration is not conceding defeat. In September, White House spokesperson Michael Kikukawa confirmed that Biden will be “using every legally available tool to advance American offshore wind opportunities and achieve the goal of 30 GW by 2030.” One of these tactics is increasing handouts to domestic and foreign firms. Over the last year, the federal government has bolstered wind investments by $7.7 billion, mainly in the form of tax credits for green energy. The sector says this is not enough, and reports suggest that a plethora of US offshore wind project developers are lobbying Washington for more subsidies. Companies are struggling to bring these endeavors online, even with generous assistance from all three levels of government, because of the current inflationary and high-rate environment.
Play Video Facing Hard Facts This does not mean the green energy movement is over. In fact, a chorus of Democrats, including Sen. Brian Schatz (D-HI), says that the recent blows to the green energy crusade are mere “bumps in the road” and that the president’s legislative trifecta is exceeding all expectations “and we just need to do more of it.” Republican lawmakers disagree, warning that the incumbent regime is wasting taxpayer dollars on something private companies cannot make work without additional funding.
Blowing in the Wind President Biden will use his two pitstops in The Centennial State to push Bidenomics, promoting the accomplishments and masking the many failures. As Liberty Nation reported, administration officials have found a new scapegoat for why the president’s economic agenda is unpopular with the American people: allies in the mainstream media. So, Colorado voters will be presented with the same Biden entertainment: a two-second half-jog, a story about the folks in Scranton, mispronounced names of local representatives, and repeating the doctrine of growing the economy from the middle out and the bottom up. Unfortunately, those in attendance will not be informed that critical planks of the president’s schemes have stumbled, much like a particular US president.
Frankly, My Loathsome Joe, I don’t give a damn.
Frankly, My Loathsome Joe, I don’t give a damn.
Much like Old Joe's mental capacity. Can anyone tell me just who is actually running this country? Inquiring minds want to know.
Well, a wind gust just blew over the WH Christmas tree.
Chris Christie ate too many beans as in Blazing Saddles.
Nuke=u=lear and Nat Gas are pretty darn clean.
Put a half dozen of those wretched windmills on Biden’s lawn.
“Well, a wind gust just blew over the WH Christmas tree.”
That’s the Biden White House sucking.
“... Biden will be “using every legally available tool to advance American offshore wind opportunities and achieve the goal of 30 GW by 2030.”
No matter, this country is going to collapse over its own weight in debt ages before these pointless windmills are built. Xiden will be long dead in a few years and we’ll still be holding $40,000,000,000,000 of indebtedness by the end of the decade.
LOL, I live in CO, there’s a string of windmills along 93 between Boulder and Golden. The wind’s kinda binary there, it’s either not windy enough or too windy to operate. They don’t turn very often.
Good news for the bald eagles that nest in the area.
Previously doing business under the name DONG. What a total dishonor to the great scientist Hans Christian Ørsted who discovered that electric current in wires produces a magnetic field. He was also famous because his siters was bitten by a mØØse.
Everything liberals touch, they destroy.
Everything liberals believe is wrong.
Everything liberals say is a lie.
dementia joe’s visit to colorado puzzles me: for many years now, colorado has been a very reliable hard-core blue state ...
does this visit indicate that the bidenistas are worried about colorado?
Liberalism is a mental illness.
Biden’s Green Energy schtick is kaputski. But Biden will still entertain Colorado Dems:
<><>there’s his two-second side-splitting half-jog,
<><>a vintage laugher about his dead relatives from Scranton,
<><>mispronouncing names of local Dems......a real howler,
<><>repeating his rib-tickling doctrine of “growing” the economy.
Unfortunately, the still-believing Dems will not be informed that critical planks of Biden’s schemes are pipe dreams, and have comically stumbled, much like Biden boarding Air Force One.
Ping
Our utility in the interior of Alaska is balls to the wall pro-green. At least the board of Directors is. They are majority green Marxist that will do everything they can to push wind power and green energy on us. They are heavily counting on this “free” money coming out next year.
The best use of tax payer money for energy programs is to build the pipeline. Of course Joe Biden halted the pipeline and destroyed Nordstream I and II - Joe’s energy is a program of denial of adequate supply and cost effective public and private electric, oil, and gas.
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