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On March 29, the Biden Administration issued a proposal to significantly boost U.S. investment in offshore wind energy. In addition to several funding mechanisms, the Administration proposed to designate a significant portion of the shallow water outside New York Harbor off the coasts of New York and New Jersey, called the “New York Bight”, as a priority Wind Energy Area. The next step is for BOEM to publish a Proposed Sale Notice for formal public comment followed by a lease process that the Administration estimates will take place in late 2021 or early 2022.
Biden Plan Backs Offshore Wind — Which Public Companies Could Power A Boom? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
ExxonMobil has revealed that its capital spending for 2021 will be in the $16-$19 billion range as well as plans to focus on developing technologies to reduce emissions.
Energy and Infrastructure Projects Pro Ronen Lazarovitch Joins Bracewell s London Office prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.