On Friday, Just the News posted article about the government’s effort to help the wavering wind industry by recusing wind energy companies from liability when they damage the environment. Would the same waiver be given to any struggling energy industry that involved fossil fuel?
The article reports:
The offshore wind industry has been struggling financially for much of the past year, with companies’ stocks falling in part over uncertainty in the outcome of the U.S. presidential election. Inflation, supply chains and interest rates have also been blamed for the industry’s troubles.
Despite the financial uncertainty of the offshore wind industry, the Bureau of Ocean and Energy Management (BOEM) is issuing waivers for financial assurances on offshore wind projects, saying they present an unnecessary burden for the industry. The financial assurance requirement protects the public from decommissioning liabilities. If companies can’t afford to remove the wind towers they’re building after their useful life, the public has an assurance that those liabilities will be covered.
Covered by U.S. taxpayers. What government insanity is this?
The article notes:
In the wake of the Vineyard Wind blade incident, Meghan Lapp, fisheries liaison and general manager at Seafreeze, Ltd., a fishing company based in Rhode Island, spoke at a hearing on offshore wind, organized by Reps. Jeff Van Drew, R-N.J., and Scott Perry, R-Pa.
“The truth is that BOEM habitually grants waivers or departure requests for these financial assurances. In fact, every project constructed or under construction in federal waters off New England have received these waivers: Vineyard wind, South Fork Wind farm. Revolution Wind and New England Wind off Massachusetts have also received a waiver,” Lapp testified.
Lapp was a plaintiff in the recent Supreme Court case that overturned the so-called “Chevron deference.”
These waivers, Lapp pointed out, stand in stark contrast to the way BOEM treats oil and gas projects. Offshore oil and gas drilling is a much older industry, she said, and so many of the risks are known. But that’s not the case with offshore wind.
Lapp pointed to the impacts of the Vineyard Wind blade disaster and how it shut down beaches and impacted economies that depend on summer tourism. Despite BOEM claiming that offshore wind technology is proven, she said, the potential for blades to break off and cause such extensive environmental damages was unforeseen.
The crisis, she said, “underscores this lack of foresight and BOEM’s political push for offshore wind, regardless of cost to American taxpayers. If a decommissioning bond is a financial hardship for developers, what of the cost of cleanup liability and damages to local economies, businesses and citizens?”
If a corporation cannot be held liable for the damages it does to the environment and to other industries, why should they be allowed to do business?