> Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on "costly subsidies".
I agree. This is why we are building offshore wind and not subsidizing fossil fuels, right?
It’s disappointing to see Redditesque room temp iq discourse in the comments.
Has anyone mentioned the expected cost per Mwh of this project to get a sense whether this made economic sense, or are we talking Biden admin adjacent vanity political project paid by rate payers?
Just for reference, the hopefully-cancelled Empire wind near me had a 20yr PPA of $155mwh, which makes Vogtle (-~$170mwh) look like a steal.
More numbers and less foaming at the mouth, please.
I know it's not what you wanted to start here with this comment. But the silly, tangential, petty bickering in this thread goes a very long way to explain our failure to act to stop the catastrophe we've known was coming since the 80s.
I wish there was more context as to what the deal actually was instead of a highlight reel of late 2000s era right wing slogans like "drill baby drill".
It's framed as US government giving $1.2b to German company not to build something (which is weird in its own right). But after drilling into it (correct me if I'm wrong):
RWE is a large German utility
It paid $1.2b for development rights and invested a bunch of money.
The US passed policies that made it impossible to develop the plan.
So it's essentially a negotiated unwind of government-issued property/development rights. US changed the rules, made the lease ineffective and compensated the leasee. But the deal was that instead of RWE just taking the money they agreed to other development projects related to natural gas (better in my opinion).
You might disagree with the policies that made these wind farms impossible or whether the buy out of federal leased land is fair to one party or another. But I wish articles actually cared enough to describe the situation clearly.
Questions I would like mentioned in the article in place of Trumps rhetoric about "big ugly windmills" is details about the actual restrictions that made it impossible, history of it, impact, etc.
Over the last year, wind - mostly offshore - has generated more than 35% of electricity here. Gas is down to 27%. It's really, really good. And it looks cool.
It doesn't look cool. We should use less energy. But the turbines make the cost of the energy too obvious, we'd rather keep pretending there is no cost.
The statistics for the number of deaths from climate-based disasters is clear: fewer and fewer people are dying the richer the world becomes. In fact the decrease in deaths is very significant:
"Annual climate-disaster deaths averaged around 77,000 per year in the 1960s–70s, dropped to about 33,000/year in the 1980s–90s, and fell further to roughly 27,000/year in 2000–2019 even as the number of recorded climate disasters rose from about 1,171 to 3,656 to 6,641 across those same periods."
If you're optimising for human life, then "drill baby drill", as more energy = more wealth. More wealth = better infrastructure, health care, dealing with extreme weather conditions.
> The administration signed a similar $129bn (£96bn) agreement with Charlotte-based Duke Energy last month in exchange for the termination of the company's offshore wind lease in the Carolina Long Bay area.
Meanwhile China is becoming entirely energy independent and electrifying their economy. I don't understand how the US doesn't see that they won't be top dog forever especially in this multipolar age.
Oh great. You've summoned the Sinophobes. You literally cannot say anything positive about China without these people coming out of the woodwork with their tired talking points.
"RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana."
"Trump has sought to boost government support for fossil fuels after campaigning for the presidency under the slogan "drill, baby, drill"."
That's insane, even though half of Republican supporters believe in climate change, and almost all Democratic voters do too. I can understand cutting government spending on the transition to green energy when projects are unprofitable, but what is the point of cutting it for profitable ones? If I'm not mistaken, energy firms like RWE are even threatened with lawsuits if they continue building wind turbines. Other coal investments are even more insane.
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[ 197 ms ] story [ 1594 ms ] threadI agree. This is why we are building offshore wind and not subsidizing fossil fuels, right?
Has anyone mentioned the expected cost per Mwh of this project to get a sense whether this made economic sense, or are we talking Biden admin adjacent vanity political project paid by rate payers?
Just for reference, the hopefully-cancelled Empire wind near me had a 20yr PPA of $155mwh, which makes Vogtle (-~$170mwh) look like a steal.
More numbers and less foaming at the mouth, please.
They say one thing and do another!
Edit: I meant to say wrapping their stupid acts under the disguise of 'common sense' is a stupid act in itself.
It's framed as US government giving $1.2b to German company not to build something (which is weird in its own right). But after drilling into it (correct me if I'm wrong):
RWE is a large German utility
It paid $1.2b for development rights and invested a bunch of money.
The US passed policies that made it impossible to develop the plan.
So it's essentially a negotiated unwind of government-issued property/development rights. US changed the rules, made the lease ineffective and compensated the leasee. But the deal was that instead of RWE just taking the money they agreed to other development projects related to natural gas (better in my opinion).
You might disagree with the policies that made these wind farms impossible or whether the buy out of federal leased land is fair to one party or another. But I wish articles actually cared enough to describe the situation clearly.
Questions I would like mentioned in the article in place of Trumps rhetoric about "big ugly windmills" is details about the actual restrictions that made it impossible, history of it, impact, etc.
Thank you. :)
Thank you. :)
Over the last year, wind - mostly offshore - has generated more than 35% of electricity here. Gas is down to 27%. It's really, really good. And it looks cool.
The demand for energy is higher than ever due to AI data centers, but I guess the next model is more important than a habitable environment.
"Annual climate-disaster deaths averaged around 77,000 per year in the 1960s–70s, dropped to about 33,000/year in the 1980s–90s, and fell further to roughly 27,000/year in 2000–2019 even as the number of recorded climate disasters rose from about 1,171 to 3,656 to 6,641 across those same periods."
If you're optimising for human life, then "drill baby drill", as more energy = more wealth. More wealth = better infrastructure, health care, dealing with extreme weather conditions.
Given the degree of corruption and criminality, a more appropriate metaphor might be "smash and grab".
Nobody else ever spent this much money to NOT have cheap power 8-/
> The administration signed a similar $129bn (£96bn) agreement with Charlotte-based Duke Energy last month in exchange for the termination of the company's offshore wind lease in the Carolina Long Bay area.
Absolutely shameful what the USA has become.
I assume they're still cooking up a backup plan to the petrodollar system and it will be business as usual until they have one.
Expect the US to double down with weird gestures like this and to find ways to remind the world that oil is relevant for some time.
"Trump has sought to boost government support for fossil fuels after campaigning for the presidency under the slogan "drill, baby, drill"."
That's insane, even though half of Republican supporters believe in climate change, and almost all Democratic voters do too. I can understand cutting government spending on the transition to green energy when projects are unprofitable, but what is the point of cutting it for profitable ones? If I'm not mistaken, energy firms like RWE are even threatened with lawsuits if they continue building wind turbines. Other coal investments are even more insane.