Why New Yorks offshore wind projects may be in jeopardy
The developers of New York\u2019s offshore wind projects are asking for increased subsidies from the state\u2019s taxpayers, arguing that their work may not move forward without additional funding. But their requests raise questions about the viability of those projects, which in turn threaten the state\u2019s\xa0ambitious climate\xa0targets and efforts to become a hub for the nascent offshore wind industry. POLITICO\u2019s Marie French breaks down why the state\u2019s offshore wind projects are now in doubt. Plus, the Interior Department is drafting language into a new rule that would allow companies holding offshore oil leases to convert them to allow the acreage to be used to store carbon dioxide instead.\xa0\n\nMarie J. French covers energy and the environment for POLITICO New York. \nJosh Siegel is a congressional energy reporter for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer.\nAlex Keeney is a senior audio producer at POLITICO. \n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy