Wind, wave economics
As the MMS is developing a foundation for good ocean-use decisions, it must carefully evaluate the Cape Wind project, not only in the context of environmental standards, but also economic ones. Unfortunately, MMS has so far refused to share its economic viability model for the Cape Wind project. If it continues to withhold that information, its review will be less than credible.
May 19, 2007
by Editorial Staff
in Cape Cod Times
If the gigantic Cape Wind project proposed for Nantucket Sound way back in 2001 did nothing else, it has focused attention on how the nation's offshore acreage is used. Porter Hoagland of the Marine Policy Institute at the Woods Hole Oceanographic Institution sought to clarify the issues for subcommittees of the House Committee on Natural Resources, which recently held a hearing.
An Interior Department official said at the same hearing that "there existed no clear authority within the federal government" to review and oversee projects in federal offshore waters before Congress handed the job to the Mineral Management Services (MMS) in... [continue via Web link]