Wind Watch: Wind farm in doubt after backer quits

One of the UK’s largest wind farm projects is in doubt after the credit crunch has forced a backer to pull out.

Statoil, the Norwegian oil giant, is now looking for a new joint venture partner to help develop the £700m offshore wind project off the Norfolk coast. If built, the 108 turbines would provide enough electricity for the homes of a city the size of Cambridge.

Statoil’s original partner, the Nobel Peace Prize-winning company Ecoconcern, pulled out about two months ago. It is understood that the European green energy firm could not raise the £350m finance needed to fund its share of the construction costs.

Global Warming Update

Their biggest fear - that a year will come soon which shows a drop in average global temperatures. I wouldn’t be at all surprised to find out that we’ve already had such, but the data has been so obscured by the global warming zealots that it hasn’t gotten out. Right now, the key for the alarmists is to keep the alarm up long enough for Executive and legislative steps to be taken under President Obama - they have to get global warming encoded in US law and regulation quickly, before the facts all come out. Once the laws and regulations are in, it will be exceptionally hard to get them out, even if we have 10 years of declining temperatures right after we’ve implemented the alarmist’s agenda.

I wonder, though, if we could work up a class action lawsuit against Al Gore and the entire environmentalist movement? Fraud must have a penalty, ya know?