Posted on 07/06/2023 9:33:29 AM PDT by Olog-hai
New Jersey Gov. Phil Murphy was expected to sign a bill Thursday giving a tax break to Danish offshore wind developer Orsted for the first of two energy projects it plans to place in the waters off the Jersey Shore.
Before the ink is dry on that bill, he will face pressure from another offshore wind company looking for similar assistance.
The governor’s office said he would sign the bill, allowing Orsted to keep federal tax credits that it otherwise would have been required to pass along to New Jersey utility ratepayers.
Lawmakers who narrowly approved the bill last week said the aid is necessary to help Orsted deal with inflation and the lingering effects of the COVID-19 pandemic.
Neither the company nor Democratic lawmakers listed the value of the tax break, but a Republican state senator, Edward Durr, put it at nearly $1 billion.
Atlantic Shores said earlier this week it too wants government assistance to build its own wind farm off the southern New Jersey coast, warning that the project is “at risk” without additional financial assistance from the government. …
(Excerpt) Read more at apnews.com ...
King Phillip the Unaccountable signs bill to ruin the waterfront and pollute the environment with dead whales and dolphins.
The theoretical payback period is 21 years, and does NOT include the cost of removing the worn-out unit.
Tell the Guv to quit bribing the windmill companies with taxpayer dollars.
There is NO Man-Made Global Warming, CO2 is NOT a pollutant, and Windmills are a complete waste of time and money.
These aren’t really tax breaks - they’re tax shifts; they shift the unpaid taxes from the con artists to the actual tax payers.
These wind farms will be rusted, useless structures before they turn a profit. China on the other hand will make a fortune from these.
Leaving NJ next week for good. Phil Murphy is Gavin Newsome East. Every progressive hot button he’s shown he pushes. Bag bans? we have them. Giving tax money to build a wind farm to the Danes who have soured on their own wind investments, fits the green agenda. Phil has followed the script he’s been given. Phil is the snake in the Garden state.
Wind farms are ruining the environment - and doing NOTHING for the “climate”.
Great. Kill more whales.
Great. Kill more whales.
Why is it Donald Trump seems to be the only one suggesting that the decline in migratory birds can be directly attributed to this scam?
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