New York officials on Wednesday issued the state’s third and largest-ever offshore wind energy solicitation, seeking proposals for up to 4.8 GW in new projects on federal leases in the New York Bight.
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@mirandawrites_ has the story for you. What @EnergyLawJeff and I say isn’t what’s new—we don’t get dragged into hearings when something bad happens. @wlpFERC and other policy makers could, and are leading this initiative. eenews.net/articles/state…
The point is not whether one agrees with BlackRock’s public policy positions, or those of Vanguard, State Street or others. You can even agree with their policy positions and still be deeply concerned about the use of their unprecedented financial power in this way. 2/2
Electric utilities have duty to deliver reliable, least-cost power (within law) to their customers. Big concern if BlackRock and other huge asset mgrs use stock ownership to pressure utilities to act contrary to consumers’ interests. See my BlackRock statement. 1/2
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