Few people realize that BOEM has released Ørsted, a multi-billion dollar foreign company, from any financial obligation to put aside funds for decommissioning within the first fifteen years of operation. What happens if they fail, become obsolete, or are determined to be harmful before that? Who will pay?

Can we trust the big oil companies just because they now want to build offshore wind?

Despite trying to “green-wash” their reputation, the multi-billion dollar danish energy giant, Ørsted, significantly profits from burning coal in 2022.

Ørsted makes claims about providing for our energy needs, but never states the offshore wind project will help climate change. Ørsted boasts that the wind energy will offset future emissions, but empirical evidence does not support this claim.

“The fossil-fuel companies have made billions of dollars constructing offshore wind projects in Europe. Their past oil and gas exploration provides the requisite expertise for this development. Because their business plan relies on constructing new projects, not electricity generation per se, they perpetually seek new markets. Our eastern seaboard constitutes an untapped frontier, open for business and ready for exploitation.”