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Daily Caller

Now Is A Great Time To Be Out Of America’s Offshore Wind Business

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From the Daily Caller News Foundation

By David Blackmon

Is the push and pull in the energy and climate regulatory environment hurting the ability for companies to finance and complete energy projects in the United States? The head of Shell in the United States, Colette Hirstius, said she believes it is in a recent interview.

“I think uncertainty in the regulatory environment is very damaging,” Hirstius said, adding, “However far the pendulum swings one way, it’s likely that it’s going to swing just as far the other way.”

Hirstius was addressing the moves made by the Trump administration to slow the progress of the offshore wind industry, which was the crown jewel of the Biden administration’s headlong rush into a government-subsidized energy transition. Trump’s regulators, led by Secretary of Interior Doug Burgum and Energy Secretary Chris Wright, have taken a series of actions in compliance with executive orders signed by Trump since January to halt several projects that were under construction, roll back federal subsidies, and review permits they believe were hastily issued in non-compliance with legally required processes.

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“I certainly would like to see those [offshore wind] projects that have been permitted in the past continue to be developed,” Hirstius said.

That hope seems discordant, coming as it does amid Shell’s ongoing effort to step back from offshore wind and refocus more of its capital budget back to its core oil and gas business following years of unprofitable ventures into renewables. It also seems fair to point out that the political pendulum about which Hirstius warns already swung wildly in favor of offshore wind and other wind and solar projects in the Biden administration. It is odd that Shell only now decides to roll out that particular warning.

Shell was pulling back from its major offshore wind investments while Trump was still fighting off efforts by an array of Democratic prosecutors to put him in prison. In June 2023, for example, the company announced its intent to offload its 50% share in the Southcoast project offshore Connecticut amid Biden era high inflation and supply chain challenges that were already rocking the industry at the time. Nine months later, Shell sold the interest to another party.

The company announced last December that it was “stepping back from new offshore wind investments” as part of a company-wide review implemented by then-new CEO Wael Sawan in mid-2023. A month later, it cancelled its interest in the Atlantic Shores project, writing off $1 billion in investments in the process. Shell’s ventures into the U.S. offshore wind arena had run head-long into economic reality long before the second Trump presidency came along.

That Atlantic Shores project has become an item of special interest inside the Interior Department’s Bureau of Ocean Energy Management (BOEM) in recent days. In a court filing last Friday, BOEM Deputy Director Matthew Giacona said the Bureau plans to conduct a full review of the process that went into approving Atlantic Shores during the Biden presidency. He also said the review would likely expand to other offshore wind projects given the administration’s concerns that Biden’s regulators failed to properly assess the true environmental impacts these major industrial installations create.

In addition to that, the Daily Caller’s Audrey Streb reported on Monday that Biden regulators gave the go-ahead to some of these offshore projects despite internal concerns expressed as early as 2021 that granting long delays in their decommissioning processes “increases risk to the federal taxpayer.” Offshore developers are normally required to provide financial assurance to pre-fund such costs, but big Danish developer Orsted and others were requesting delays as long as 15 years in that requirement to make their project economics work.

Hirstius’s concerns about regulation are absolutely valid: Having such certainty is a crucial element for any company to be able to plan its future business endeavors. But every presidency has a duty to ensure that actions by prior administrations meet the mandates of prevailing laws. It has long been feared that the Biden regulators cut important corners related to environmental and marine mammal protections to speed some offshore wind projects through the process.

As this current review process plays itself out, Shell might well find itself glad it cut its losses in this failing offshore wind sector when it did.

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

Censorship Industrial Complex

School Cannot Force Students To Use Preferred Pronouns, US Federal Court Rules

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From the Daily Caller News Foundation

By Jaryn Crouson

“Our system forbids public schools from becoming ‘enclaves of totalitarianism.’”

A federal appeals court in Ohio ruled Thursday that students cannot be forced to use preferred pronouns in school.

Defending Education (DE) filed the suit against Olentangy Local School District (OLSD) in 2023, arguing the district’s anti-harassment policy that requires students to use the “preferred pronouns” of others violates students’ First Amendment rights by “compelling students to affirm beliefs about sex and gender that are contrary to their own deeply held beliefs.” Although a lower court attempted to shoot down the challenge, the appeals court ruled in a 10-7 decision that the school cannot “wield their authority to compel speech or demand silence from citizens who disagree with the regulators’ politically controversial preferred new form of grammar.”

Because the school considers transgender students to be a protected class, students who violated the anti-harassment policy by referring to such students by their biological sex risked punishments such as suspension and expulsion, according to DE.

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“American history and tradition uphold the majority’s decision to strike down the school’s pronoun policy,” the court wrote in its opinion. “Over hundreds of years, grammar has developed in America without governmental interference. Consistent with our historical tradition and our cherished First Amendment, the pronoun debate must be won through individual persuasion, not government coercion. Our system forbids public schools from becoming ‘enclaves of totalitarianism.’”

OLSD did not respond to the Daily Caller News Foundation’s request for comment.

“We are deeply gratified by the Sixth Circuit’s intensive analysis not only of our case but the state of student First Amendment rights in the modern era,” Nicole Neily, founder and president of DE, said in a statement. “The court’s decision – and its many concurrences – articulate the importance of free speech, the limits and perils of public schools claiming to act in loco parentis, and the critical role of persuasion – rather than coercion – in America’s public square.”

“Despite its ham-fisted attempt to moot the case, Olentangy School District was sternly reminded by the 6th circuit en banc court that it cannot force students to express a viewpoint on gender identity with which they disagree, nor extend its reach beyond the schoolhouse threshold into matters better suited to an exercise of parental authority,” Sarah Parshall Perry, vice president and legal fellow at DE, said in a statement. “A resounding victory for student speech and parental rights was long overdue for families in the school district and we are thrilled the court’s ruling will benefit others seeking to vindicate their rights in the classroom and beyond.”

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Business

Bill Gates Gets Mugged By Reality

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From the Daily Caller News Foundation

By Stephen Moore

You’ve probably heard by now the blockbuster news that Microsoft founder Bill Gates, one of the richest people to ever walk the planet, has had a change of heart on climate change.

For several decades Gates poured billions of dollars into the climate industrial complex.

Some conservatives have sniffed that Bill Gates has shifted his position on climate change because he and Microsoft have invested heavily in energy intensive data centers.

AI and robotics will triple our electric power needs over the next 15 years. And you can’t get that from windmills.

What Bill Gates has done is courageous and praiseworthy. It’s not many people of his stature that will admit that they were wrong. Al Gore certainly hasn’t. My wife says I never do.

Although I’ve only once met Bill Gates, I’ve read his latest statements on global warming. He still endorses the need for communal action (which won’t work), but he has sensibly disassociated himself from the increasingly radical and economically destructive dictates from the green movement. For that, the left has tossed him out of their tent as a “traitor.”

I wish to highlight several critical insights that should be the starting point for constructive debate that every clear-minded thinker on either side of the issue should embrace.

(1) It’s time to put human welfare at the center of our climate policies. This includes improving agriculture and health in poor countries.

(2) Countries should be encouraged to grow their economies even if that means a reliance on fossil fuels like natural gas. Economic growth is essential to human progress.

(3) Although climate change will hurt poor people, for the vast majority of them it will not be the only or even the biggest threat to their lives and welfare. The biggest problems are poverty and disease.

I would add to these wise declarations two inconvenient truths: First: the solution to changing temperatures and weather patterns is technological progress. A far fewer percentage of people die of severe weather events today than 50 or 100 or 1,000 years ago.

Second, energy is the master resource and to deny people reliable and affordable energy is to keep them poor and vulnerable – and this is inhumane.

If Bill Gates were to start directing even a small fraction of his foundation funds to ensuring everyone on the planet has access to electric power and safe drinking water, it would do more for humanity than all of the hundreds of billions that governments and foundations have devoted to climate programs that have failed to change the globe’s temperature.

Stephen Moore is a co-founder of Unleash Prosperity and a former Trump senior economic advisor.

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