5 ms·
Because the Jones Act of 1920 prevents use of the existing European installation ships so they have to start from scratch in uncompetitive American shipyards.
by nimeni 3y ago
Because the Jones Act of 1920 prevents use of the existing European installation ships so they have to start from scratch in uncompetitive American shipyards.
https://spectrumlocalnews.com/nc/charlotte/news/2023/04/03/the-jones-act--how-a-100-year-old-law-complicates-offshore-wind-projects https://spectrumlocalnews.com/nc/charlotte/news/2023/04/03/t...
https://www.cato.org/policy-analysis/rust-buckets-how-jones-act-undermines-us-shipbuilding-national-security https://www.cato.org/policy-analysis/rust-buckets-how-jones-...
- kragen 3y agothis is just one of many factors, and one that was understood by oersted when they originally started the project; the article mentions others that are more relevant in particular, you should expect to see many, many cancelled projects across the entire economy with the interest rate hikes the usa put in place obviously none of this is relevant to brazil