Results for “offshore wind”

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Bonus Episode: Are Trump’s Offshore Wind Settlements a “Sham”? AG Rob Bonta Thinks So.

Los Angeles Times1 views
California Attorney General Rob Bonta filed his 88th lawsuit against the Trump administration to block a $120 million lease buyout of offshore wind developer Golden State Wind, arguing the settlement is illegal and politsummaryThe buyout forces Golden State Wind to invest the settlement money in oil and gas projects on the Gulf Coast, resulting in a direct economic loss for California, which stands to gain 174,000 jobs from offshore wind investakeawayThe Trump administration's $120 million buyout of Golden State Wind's Morro Bay lease is challenged as a 'sham settlement' because it uses the federal judgment fund (taxpayer money reserved for legitimate lawsuits) withotakeaway

Bill McKibben in conversation with Terrence McNally at Live Talks Los Angeles

LiveTalksLA19 views
The US has effectively conceded the technological future to China, which is leading in clean energy manufacturing and export, while the US shuts down projects like offshore wind farms due to political pressure.takeawayRenewable energy is now the cheapest form of power generation (95% of new global capacity is solar/wind), making the fossil fuel industry's resistance purely political rather than economic.takeawayDecentralized energy (solar/wind) inherently decentralizes political power, whereas fossil fuels concentrate wealth and influence in the hands of a few (e.g., Koch brothers, Putin), enabling authoritarianism.takeaway