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Enlarge (credit: Statoil) The world’s first commercial floating offshore wind farm, called Hywind, started sending electricity to the grid last October. Since then, the six-turbine, 30MW installation has been working well. Really well. In fact, Hywind has had a 65-percent capacity factor over the last three months according to Statoil, the Norwegian mega-corporation that built the […]
The Trump administration has given Florida a tourism exemption from the controversial plan to allow offshore drilling for oil and gas. The move is already provoking other states to seek similar exemptions. After meeting with Florida Governor Rick Scott (R) on Tuesday, US Interior Secretary Ryan Zinke said he agrees with the governor’s position that […]
Sean Rayford/Getty Images The Trump administration decided to exempt Florida from new plans to open up the US to more offshore drilling. GOP Rep. Mark Sanford of South Carolina suggested that the change was politically-motivated. Sanford also told CNN the move may be “self-serving” since Trump has properties, such as Mar-A-Lago, along the Florida coastline. […]
Enlarge / Aerial view of an oil production platform in the Gulf of Mexico with a flare of the coast of Port Fourchon, Louisiana’s southernmost port, where land loss due to coastal erosion is estimated to be more than the size of footaball field every hour. (Photo by Julie Dermansky/Corbis via Getty Images) (credit: Getty […]
Bucking a three-decades-old prohibition, the Trump administration announced it plans to expand offshore drilling leases in 90 percent of US oceans. The move is stirring strong public opposition. “We’re embarking on a new path for energy dominance in America, particularly on offshore,” Interior Secretary Ryan Zinke said Thursday as he unveiled the plan, according to […]
A group of MEPs have urged Cyprian authorities not to cooperate with Russia on an inquiry against the man behind the Magnitsky Act, William Browder. Now, a Russian lawyer claims that Browder himself arranged this petition to hide data on his operations. Browder, a US-born British investor and the founder of Hermitage Capital Management, fears […]
THIS week was uncomfortable for a host of well-heeled figures. In the frame were U2’s Bono, America’s commerce secretary, Wilbur Ross, and Britain’s Queen Elizabeth, as well as some of the world’s most valuable companies, including Apple and Nike. All these, and many more, feature in the “Paradise Papers”, a trove of more than 13m […]
The Prince of Wales’ private estate appears to have secretly invested in an offshore company which may have benefited from his campaigning. The Duchy of Cornwall bought shares in a Bermuda-registered business, the leaked ‘Paradise papers’ have revealed. The Duchy of Cornwall is the name of Charles’ private estate, the revenue from which is awarded […]
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $ 250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments […]
Published time: 5 Nov, 2017 19:34 The organisation behind the Panama Papers investigation, has published its latest series of offshore leaks. Among those mentioned are Queen Elizabeth, members of Donald Trump’s government and Vladimir Putin’s “son-in-law”. The files dubbed the Paradise Papers reveal “offshore interests and activities of more than 120 politicians and world leaders, […]
