{"id":362450,"date":"2025-01-17T06:48:29","date_gmt":"2025-01-17T05:48:29","guid":{"rendered":"https:\/\/climatescience.press\/?p=362450"},"modified":"2025-01-17T06:48:31","modified_gmt":"2025-01-17T05:48:31","slug":"last-gasp-for-offshore-wind-reinvesting-in-shoreline-economies-and-ecosystems-act","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=362450","title":{"rendered":"<\/font>Last Gasp for Offshore Wind: “Reinvesting in Shoreline Economies and Ecosystems Act”<\/font>"},"content":{"rendered":"\n

<\/font><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

From<\/font> Master Resource<\/a><\/font><\/p>\n\n\n\n

By Robert Bradley Jr.<\/em><\/p>\n\n\n\n

“So the U.S. is about one percent<\/em>, with six years to go, toward meeting the Biden\/Harris goal for offshore wind of 30 GW. Just another rank exaggeration, another energy fantasy, in the undoing.”<\/p>\n\n\n\n

It should simply be worded \u201cThe Offshore Wind Rescue Act.\u201d Instead, the Reinvesting in Shoreline Economies and Ecosystems Act (S. 373: 118th Congress) reads:<\/p>\n\n\n\n

To modify the disposition of certain outer Continental Shelf revenues and to open Federal financial sharing to heighten opportunities for renewable energy, and for other purposes.<\/p>\n\n\n\n

A BILL
To modify the disposition of certain outer Continental Shelf revenues and to open Federal financial sharing to heighten opportunities for renewable energy, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the \u2018\u2018Reinvesting In Shoreline Economies and Ecosystems Act of 2023\u2019\u2019 or the
\u2018\u2018RISEE Act of 2023\u2019\u2019.<\/p>\n\n\n\n

The bill is summarized<\/a> as follows:<\/p>\n\n\n\n

\n

This bill increases revenue streams provided to states from offshore wind projects, offshore oil and gas leases, and onshore energy and mineral resources. States must use the revenue for specified purposes, such as coastal restoration, conservation, or infrastructure.<\/p>\n\n\n\n

Specifically, the bill requires revenues generated from offshore wind projects carried out under a lease entered into on or after January 1, 2022, to be deposited into accounts for the U.S. Treasury, the National Oceans and Coastal Security Fund, and adjacent coastal states. Currently, this revenue is deposited in the U.S. Treasury. The Department of the Interior must disburse the revenue to a state in an amount that is based on a formula that is inversely proportional to a state\u2019s distance from the offshore wind site.<\/p>\n\n\n\n

In addition, the bill removes the cap on the amount of revenue generated from offshore oil and gas leases that may be shared with states under the Gulf of Mexico Energy Security Act of 2006.<\/p>\n\n\n\n

It also eliminates a fee under the Mineral Leasing Act that Interior currently collects to administer the onshore revenue sharing program.<\/p>\n<\/blockquote>\n\n\n\n

Comment<\/strong><\/p>\n\n\n\n

The gray train is over. This languishing bill, supported by the political side of the Climate Industrial Complex, first introduced on February 9, 2023, will die in the Committee on Energy and Natural Resources. The terrible economics of offshore wind, and the growing pressure on electricity rates from prior wind and solar duplication, will not be reversed anytime soon.<\/p>\n\n\n\n

So what has become of the Biden-Harris Administration goal of constructing 30,000 MW (30 GW) of offshore wind by 2030? The current operating projects are:<\/p>\n\n\n\n

    \n
  • Coastal Virginia Offshore Wind: 12 MW (2 turbines), offshore Virginia<\/li>\n\n\n\n
  • South Fork Wind Farm: 132 MW (12 turbines) , offshore Long Island<\/li>\n\n\n\n
  • Block Island Wind Farm: 30 MW (5 turbines), offshore Rhode Island<\/li>\n\n\n\n
  • Vineyard Wind 1: 130 MW (24 turbines), offshore Massachusetts (in construction with a planned 62 turbine, 806 MW project<\/li>\n<\/ul>\n\n\n\n

    The U.S. is about one percent<\/em> there (with six years to go) to meet the Biden\/Harris goal for offshore wind of 30 GW. Just another rank exaggeration, another energy fantasy, in the undoing.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

    “So the U.S. is about one percent, with six years to go, toward meeting the Biden\/Harris goal for offshore wind of 30 GW. Just another rank exaggeration, another energy fantasy, in the undoing.”<\/p>\n","protected":false},"author":121246920,"featured_media":362454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818301],"class_list":{"0":"post-362450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-offshore-wind","10":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0Floating-Offshore-Wind-scaled-3.jpg?fit=2560%2C1706&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1whY","jetpack-related-posts":[{"id":298954,"url":"https:\/\/climatescience.press\/?p=298954","url_meta":{"origin":362450,"position":0},"title":"Offshore wind and the stress on commercial fishermen","author":"uwe.roland.gross","date":"28\/01\/2024","format":false,"excerpt":"Congressional Republicans are sounding the Mayday alarm this weekend to the grave challenges commercial fishermen face resulting from the Biden administration\u2019s offshore wind agenda.","rel":"","context":"In \"Biden Administration\"","block_context":{"text":"Biden Administration","link":"https:\/\/climatescience.press\/?tag=biden-administration"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0iStock-471711999-scaled-aspect-ratio-1280-418-scaled-1200x630-c-default.webp?fit=1200%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0iStock-471711999-scaled-aspect-ratio-1280-418-scaled-1200x630-c-default.webp?fit=1200%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0iStock-471711999-scaled-aspect-ratio-1280-418-scaled-1200x630-c-default.webp?fit=1200%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0iStock-471711999-scaled-aspect-ratio-1280-418-scaled-1200x630-c-default.webp?fit=1200%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0iStock-471711999-scaled-aspect-ratio-1280-418-scaled-1200x630-c-default.webp?fit=1200%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":342702,"url":"https:\/\/climatescience.press\/?p=342702","url_meta":{"origin":362450,"position":1},"title":"California\u2019s trillion dollars floating wind fantasy","author":"uwe.roland.gross","date":"12\/09\/2024","format":false,"excerpt":"California has adopted a target of 25,000 MW of floating offshore wind generation capacity. 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