By Audrey Streb (Daily Caller News Foundation)
The Biden administration granted major offshore wind projects financial breaks despite internal warnings of increased risks to taxpayers, according to documents obtained by the watchdog group Functional Government Initiative (FGI).
Denmark-based Ørsted’s massive “Revolution Wind” project off the coast of Rhode Island and Connecticut not only received final approval in August 2023 under the Biden administration but also an exception that allowed the company to postpone the funds for dismantling the project at the end of its life for 15 years, according to the documents. Despite internal warnings that this kind of exception “increases the risk to the federal taxpayer,” the Biden administration granted Revolution Wind and Vineyard Wind sweetheart breaks for their decommissioning costs that were estimated at $325 million and $191 million, respectively, according to the documents and FGI.