With every little breeze, the offshore wind industry begs for a bailout, according to energy experts who say the Biden administration might be more than happy to throw taxpayers’ money to the winds.
Multiple offshore wind projects are not only failing to achieve the results they promised but are costing companies huge chunks of cash.
General Electric, for instance, said it expected to lose $1 billion this year and again next year because of its offshore wind project losses, according to Bloomberg.
With every little breeze, the offshore wind industry begs for a bailout, according to energy experts who say the Biden administration might be more than happy to throw taxpayers’ money to the winds.
Multiple offshore wind projects are not only failing to achieve the results they promised but are costing companies huge chunks of cash.
General Electric, for instance, said it expected to lose $1 billion this year and again next year because of its offshore wind project losses, according to Bloomberg.
With every little breeze, the offshore wind industry begs for a bailout, according to energy experts who say the Biden administration might be more than happy to throw taxpayers’ money to the winds.
Multiple offshore wind projects are not only failing to achieve the results they promised but are costing companies huge chunks of cash.
General Electric, for instance, said it expected to lose $1 billion this year and again next year because of its offshore wind project losses, according to Bloomberg.
Fiskar, Solyndra, lather, rinse, repeat
Time to Bail Americana OUT !!!!!! FIRE BIDEN !!!
Why should they get any type of US tax dollar bailout? If I start a business and it is a flop then I have to eat the loss and go broke. I would not get government tax dollars to reimburse my losses so I can make more money. LET THEM EAT THEIR LOSSES AND GO BROKE IF THAT IS THE CASE. They say you have to have a salary of over $15,000 to buy a home and I can’t even afford to add on a 20 x 36 to my home with SSI. So where is my bailout and get a SSI raise of $20,000 since I don’t even get that now. BAIL ME OUT.
These are all companies with highly trained, educated and experienced risk managers, attorneys, board officers and advisors. Backing an enormously risky, then losing proposition shouldn’t happen unless the rescue fix is already in. Fire them.
Oil & Gas Not Going ANYWHERE nor is COAL !!!! Get used to it you Democrat crybabies !!!!!