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BP executive Anja-Isabel Dotzenrath criticizes the US offshore wind industry as "fundamentally broken" due to regulatory and permitting challenges, following a substantial financial impairment for the company.
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Instead of gathering momentum, the industry is confronting obstacles that could hinder its ability to realize the renewable resource’s promised benefits.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
A BP executive claims the offshore wind industry is fundamentally broken in the U.S., with soaring costs and a challenging regulatory environment.