REPORT: Biden Administration Waived Taxpayer Safeguards for Offshore Wind Project
- November 29, 2023
Jerry McConway, Capitalism Institute
The Biden administration has made renewable energy a key focus of the administration. So much so that newly revealed internal documents reportedly show the administration waived off a safeguard for taxpayers to allow an offshore wind project.
For instance, former Deputy Interior Secretary Tommy Beadreau, the second-highest ranking official at the Department of the Interior (DOI), which houses the Bureau of Ocean Energy Management (BOEM), the agency responsible for oversight of this project, was working for Latham & Watkins, which is the legal firm that was representing Vineyard Wind.
Protect the Public’s Trust (PPT) obtained internal communications regarding the project, showing that BOEM decided to waive the developmental fees for the project, which is a fee that the developer generally pays before the project starts.
PPT Director Michael Chamberlain stated:
“At the same time the Department of the Interior was looking at forcing greater and more expensive bonding requirements on holders of long-standing oil and gas leases, they were relaxing these requirements on the nation’s first utility-scale offshore wind energy producer, one that just coincidentally happened to be a client of their incoming #2.
“If you want to talk about bad optics, I don’t see how they could be any worse than right here. For an administration touting itself as the most ethical in history, this represents yet another incident in which Secretary Haaland’s Interior appears to have a tough time living up to that standard.”