Tuesday, August 23, 2011

Koch Brothers Fund Bogus Study Bashing Offshore Wind in New Jersey

New Jersey has a reputation (earned from the areas around Newark) of bad air quality.  So bad the American Lung Association awarded them F's in a grade card.

The Koch Brothers funded group, Americans For Prosperity, Gov. Chris Christie to kill NJ's participation in the Regional Greenhouse Gas Initiative.. AND.. last month another Koch Brothers funded group, Beacon Hill Institute, released several slanted cost-benefit analyses of offshore wind projects.  The reports dramatically overstate the costs and underestimate the economic benefits of offshore wind.

Furthermore, the study assigns zero value to increased energy independence and vastly underestimates the reductions in greenhouse gas emissions New Jersey’s targeted 1,100 MW of offshore wind energy would produce.

Bill Koch has long been a vocal opponent of Cape Wind thanks in no small part to the fact that his seaside mansion in a gated, country club community in Osterville, MA overlooks the area of Nantucket Sound where the company is slated to begin construction of turbines as soon as 2012.

Summary of: Koch Brothers Fund Bogus Study Bashing Offshore Wind in New Jersey


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