Rebound Posted November 27, 2022 Report Share Posted November 27, 2022 Giant Wind Farms Arise Off Scotland, Easing the Pain of Oil’s Decline “Oil and gas workers, losing their jobs as fossil fuel investment wanes, find work in the wind energy business. Across the globe, governments and developers are pouring hundreds of billions of dollars into large offshore wind farms like Beatrice to meet climate-change goals. Britain is already generating more than 10 percent of its electricity from wind at sea, and on same gusty days, like Nov. 2, wind produces more than half. As energy security becomes a critical issue in wake of Russia’s war in Ukraine, the country aspires to nearly quadruple offshore capacity over the next decade. The Beatrice wind farm takes its name from a nearby offshore oil field that was depleted and will be gradually dismantled. Skepticism about the future of fossil fuels remains strong in Britain and much of Europe, and the numbers tell a story of decline. After reaching a peak in 2014, investment in oil and gas in Britain plummeted by about three-quarters to around £3.7 billion last year.” So where will America be in 20 years? Dependent on yesterday’s energy technology, or leading the world with abundant, cheap energy? https://www.nytimes.com/2022/11/27/business/scotland-wind-farms-offshore.html 2 Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.