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Offshore Wind More Profitable Than Drilling on U.S. East Coast, Report Says

2015-01-14 20:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: Offshore wind would produce twice the number of jobs and twice the amount of energy as offshore drilling near the U.S. East Coast, according to a new report from the advocacy group Oceana. The report contends that recent claims by the oil and gas industry about the economic potential of offshore drilling in the region are exaggerated because many of those oil and gas reserves are not economically viable to drill. Plans to build the nation's first offshore wind farm off Cape Cod have repeatedly failed...

Tags: report east says coast

Category:Electronics and Electrical

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