GOLDEN CRESCENT AND 1000 ISLAND NEWS

  January 11, 2025   Francis Menton   Less than three weeks ago, on December 23, in   a post on optimism about the potential demise of the green energy fantasy , I took note that two of the largest U.S. banks had just quit something called the   “Net Zero Banking Alliance.”   The two were Goldman Sachs and Wells Fargo. These two banks, along with many others, including all of the biggest ones, had joined the NZBA as it was getting organized under auspices of the UN back in 2021. NZBA, together with other related groups organized around the same time, aspired to be cartels of financial institutions that would save the planet by starving hydrocarbon fuels of all investment capital,  while re-directing the money to the “green” energy transition . Now, shortly after the re-election of Donald Trump, two of the biggest banking giants had decided to exit. Could this be a sign that the zero-carbon green energy fantasy was losing its grip? In the short 19 days ...

  Every once in a while  Donald Trump  says something that shocks Washington with its blunt truth. So it was during last week’s discursive press conference when he observed that wind power isn’t economic without subsidies. Wind farms “only work if you get a subsidy,” Mr. Trump mused. “The only people that want them are the people that are getting rich off windmills, getting massive subsidies from the U.S. government. And it’s the most expensive energy there is. It’s many, many times more expensive than clean natural gas. . . . You don’t want energy that needs subsidy.” The media’s fact-checkers pounced and proclaimed that wind energy is among the cheapest and fastest-growing power sources.  But that’s only because of rich subsidies, which were sweetened by the Inflation Reduction Act. Federal tax credits can cover 50% of the cost of building an offshore wind farm and more than 80% of the cost onshore. Even the Biden Energy Department, in a 2023 report, estimates that...

  President-elect Trump signaled Tuesday that he would oppose all new wind energy production in his second term in remarks to reporters. “We’re going to try and have a policy where no windmills are being built,” Trump said, adding “they don’t work without subsidy. … You don’t want energy that needs subsidy.” Data from the International Energy Agency indicates fossil fuel subsidies  reached an all-time high  in 2022, with oil subsidies increasing 85 percent.  [Per unit of energy produced, wind subsidies are far greater than any other federal government energy subsidies. In terms of performance results, the subsides for wind power result in the least bang for the buck ] The president-elect has long disparaged renewable energy and vowed to pursue policies favorable to the fossil fuel industry in his second term. He has named fracking CEO Chris Wright as Energy secretary. However, Trump has long been a vocal detractor of wind power in particular, vowing in May to end off...

  Hydrogen in North Country Renewable concentration areas-as we know was their intent No nuclear mentioned. Tech spots identified. ----- Forwarded Message ----- From:  Secretary@dps.ny.gov <secretary@dps.ny.gov> Sent:  Wednesday, January 8, 2025 at 10:05:50 AM EST Subject:  Subsequent Filing - Case Number 20-E-0197 : Msg. Tracking No.: 18 This e-mail is provided by the New York State Public Service Commission. A subsequent filing for the above-referenced Case number is available. Case Number:  20-E-0197 Matter Type: Commission Instituted New Case Proceeding Matter Subtype: NEW Case Proceeding: Nonrate Matter Title: Proceeding on Motion of the Commission to Implement Transmission Planning Pursuant to the Accelerated Renewable Energy Growth and Community Benefit Act Description/Purpose of Filing: Recording of 12-16-2024 Technical Conference. Company/Organization: New York State Department of Public Service Response To Previous Filing: No Filing Date: 01/08/2...

  January 7, 2025   President-elect Donald Trump said Tuesday he would seek to have a policy of having no wind farms constructed during his second term, threatening billions of dollars in planned wind projects.   “We are going to have a policy where no windmills are being built,” Trump said during a lengthy tirade against wind power during a press conference at his Mar-a-Lago resort in Florida.   Trump, who has vowed a first day executive order targeting wind farms, has long made no secret his disdain for the energy source. But his remarks Tuesday represented the sharpest threat yet from the incoming president.   As president, Trump will have broad authority over the approval of multi-billion dollar projects being planned off the US coast as well as wind farms proposed for large swaths of federal land.   Trump criticized the renewable energy source as being too expensive and harmful to the environment and whales. Trump in particular singled out a ...

  January 8, 2025   Shares in some of Europe’s biggest wind power companies fell Wednesday after President-elect Donald Trump said he aimed to have no new windmills in the US after taking office.   The comments are the latest in a long line of anti-wind power messages by Trump, who fought against a wind farm off the coast of his Scottish golf course and has falsely claimed the machines cause cancer. It’s a potentially worrying sign for wind power investors who hope a second Trump administration would leave intact parts of Biden’s Inflation Reduction Act that support the sector.   “We are going to try and have a policy where no windmills are being built,” Trump  said during a press conference  at his Mar-a-Lago resort in Florida on Tuesday.   Shares of Danish turbine maker  Vestas Wind Systems A/S  fell as much as 5.3% Wednesday, while offshore wind developer  Orsted A/S  dropped more than 5% to the lowest level in over a y...