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After big setbacks, Murphy celebrates offshore project approvals

After big setbacks, Murphy celebrates offshore project approvals
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WindAction | The dirty details of offshore wind s clean energy

Deep in President Biden’s Inflation Reduction Act of 2022 (IRA) there’s a perplexing provision that links offshore wind leasing to oil and gas drilling. All post-IRA offshore wind leases are tethered to making available a whopping 60 million acres of seabed for oil and gas drilling the previous year for the next 10 years. In effect, whatever seabed is leased out by the government for wind energy will mean millions and millions of acres of ocean floor must be offered up for fossil-fuel extraction.

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