Offshore wind project touted as ‘Bidenomics in action’ immediately shuttered due to ‘high inflation’ and ‘rising interest rates’

November 2, 2023  By Olivia Murray

Yesterday Fox News reported that Orsted, a global energy company based in Denmark, had recently announced the immediate end to the development of not one but two planned wind depots off the coast of New Jersey. (As you can imagine I was thrilled—two less multi-billion dollar corporate projects, ones in which I would never willingly invest, for me to sponsor? This is a net positive.)

Now according to the article, these two projects, named Ocean Wind 1 and Ocean Wind 2, had long been in the making; the lease for OW1 had been granted by Barack Obama’s bureaucrats back in 2009, and finally received the construction go-ahead from Joe Biden’s troupe just a few months back in July, at which point a climate staffer made this announcement:...........To Read More....