Global Demand for Defense Metals Is Surging 7X

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Three groups are suing New Jersey to block an offshore wind farm

WAYNE PARRY
May 03, 2024

LONG BEACH TOWNSHIP, N.J. (AP) -- Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

Save Long Beach Island, Defend Brigantine Beach and Protect Our Coast NJ filed suit in appellate court on April 26 challenging a determination by the New Jersey Department of Environmental Protection that the Atlantic Shores wind farm project meets the requirements of a federal coastal protection law.

Atlantic Shores is one of three proposed wind farms off New Jersey's coast that have preliminary approval.

Bruce Afran, an attorney for the groups, said the state's "approval flies in the face of the federal regulator's environmental impact statement that says the Atlantic Shores project will damage marine habitat, compress and harden the seafloor, damage marine communities, compromise migration corridors for endangered species, and cause commercial fishing stocks to decline."

The same three groups challenged a wind farm proposed by the Danish wind energy company Orsted, which scrapped the project in October.

The lawsuit was the latest obstacle facing New Jersey's quest to become the East Coast leader in offshore wind. These three groups are among the most vocal and litigious opponents of offshore wind projects.

The New Jersey attorney general's office declined comment on the pending litigation, and Atlantic Shores did not respond to a request for comment Friday.

But Joshua Henne, a political strategist advising several groups fighting climate change, accused the anti-wind groups of acting in league with the fossil fuel industry.

"There ain't nothing grassroots about this effort," he said. "It's astroturf, seeded by the fossil fuel industry."

Robin Shaffer, president of Protect Our Coast, rejected that claim.

"We have never taken one penny from any entity linked to the fossil fuel industry," he said. "Not one."

Up until a year ago, the group used the Caesar Rodney Institute to hold its money. The Delaware-based group is part of a group of think tanks supporting and funded by fossil fuel interests, according to the Energy and Policy Institute.

Caesar Rodney charged Protect Our Coast a 12% fee to hold its money, Shaffer said, adding his group currently has no relationship with the institute.

He also noted that one of the owners of Atlantic Shores is an affiliate of Shell, the global oil and gas company.

Shaffer said state and federal officials are racing to approve offshore wind projects without adequately considering potential negative impacts.

"It's as if they are building an airplane while it's in the air, only they have no idea where the plane is headed, or if it can be landed safely," he said.

Jason Ryan, a spokesman for the American Clean Power Association, said the current slate of offshore wind projects is "among the most carefully planned and analyzed infrastructure projects in U.S. history; we are confident their permits will withstand legal scrutiny."

Earlier this week, New Jersey's Board of Public Utilities opened a fourth round of solicitations for additional offshore wind projects.

The state has set a goal of generating 100% of its power from clean sources by 2035.

___

Follow Wayne Parry on X, formerly Twitter, at www.twitter.com/WayneParryAC

Continue Reading...

Popular

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Pichai Says Quantum Is Where 'AI Was 5 Years Ago' — Are Quantum Stocks The Next Moonshot Trade?

Google CEO Sundar Pichai predicts that quantum computing will be as big as AI in 5 years, signaling the start of a new investment wave.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

JPMorgan Warns Brent Crude Could Plunge To $30s By 2027 On Global Oversupply

JPMorgan predicts sharp decline in oil prices, with Brent crude potentially dropping to $30/barrel by 2027 due to supply outpacing demand and increased production from non-OPEC+ countries.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

It's Time for Elon to Earn His $1 Trillion Payday - Ad

To collect, Musk has to deliver on his promise to unleash the "mind-blowing" technology Tesla insiders say will push the company into an entirely new market. But with Black Friday chaos sweeping the markets, almost no one sees what's coming. This is the stock we believe stands to benefit from Tesla's next major launch.

What's Going On With Surf Air Mobility Stock Monday?

Surf Air Mobility raises $26M equity and partners with Palantir to advance SurfOS software, expand engineering.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

The End of Tesla? (Black Friday Briefing) - Ad

"Hold onto your Tesla stock." That's the message insiders are sharing as Tesla prepares to unveil a "mind-blowing" new product: one that has nothing to do with EVs... batteries... or self-driving cars. This is a radical pivot that could mark the end of Tesla as we know it and the birth of something much bigger.

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

AstraZeneca's Investigational Hypertension Drug Shows Significant Blood Pressure Control In Pivotal Trial

AstraZeneca's Baxdrostat cut blood pressure by 14 mmHg in the Phase 3 Bax24 trial, showing strong efficacy and safety in resistant hypertension patients.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Rivian Automotive CEO Gets An Elon Musk-Style Pay Raise

Rivian CEO's new pay plan could be worth up to $4.6 billion over the next ten years.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Furor over editing of Trump speech sparks 'existential crisis' at the BBC

LONDON (AP) — The of two top bosses over the editing of a speech by U.S. President Donald Trump dealt a huge blow to the broadcaster, which is revered by some in Britain as a national treasure but derided by others as outdated and left-leaning.

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

What's Going On With The Surge In Chipotle Stock Today?

Chipotle Mexican Grill Inc (NYSE:CMG) shares are trading higher on Tuesday. Here's a look at what's going on.

First Trust Launches Critical Metals ETF As Demand For Clean Energy, EV Materials Heats Up

First Trust Advisors debuts its 300th ETF, giving investors exposure to companies powering the clean energy and tech revolution through essential metals.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Deep in Trump country, coal miners with black lung say government is suffocating the 'working man'

OAK HILL, W.Va. (AP) — Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, ages, families and the intimate stories of each one’s scarred lungs. She worries about a whole community of West Virginia coal miners — including a growing number in their 30s and 40s — who come to her for help while getting sicker and sicker from what used to be considered an old-timer’s disease: black lung.

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07. These are the top stocks that gained the attention of retail traders and investors through the day:

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Monster Stock Climbs After Q3 Earnings Beat: Details

Monster Beverage shares were up after the company released its third-quarter earnings report after Thursday's closing bell.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service