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A Giant Wind Farm Is Taking Root Off Massachusetts

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A Giant Wind Farm Is Taking Root Off Massachusetts

On a chilly June day, with the Massachusetts island of Martha’s Vineyard just over the distant horizon, a low-riding, green-hulled vessel finished hammering a steel column nearly 100 feet into the bottom of the Atlantic Ocean.

This was the beginning of construction of the first giant wind farm off the United States coast, a project with the scale to make a large contribution to the Northeast power grid.

For some of those looking on from a nearby boat, the driving in of the first piling marked a milestone they had labored to reach for two decades. The $4 billion project, known as Vineyard Wind, is expected to start generating electricity by year’s end.

“This has been really hard,” said Rachel Pachter, the chief development officer of Vineyard Offshore, the American arm of Copenhagen Infrastructure Partners, a Danish renewable energy developer that is a co-owner of the wind farm. To bring a big energy project to this point near population centers requires clearing countless regulatory hurdles and heading off potential opposition and litigation.

“You don’t see large infrastructure projects built in New England anymore,” she said, “and certainly not in places where they are highly visible.”

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Ms. Pachter has seen the difficulties firsthand. Starting in 2002 as an intern just out of college, she worked for more than a decade on a project off Massachusetts called Cape Wind; it ultimately failed, in part because of intense opposition over the years by people like Senator Edward M. Kennedy, who died in 2009, and the billionaire William Koch. Vineyard Wind, too, has pockets of vociferous opposition. Some people in the fishing industry say turbines will make their job nearly impossible.

Ms. Pachter, though, has helped orchestrate a campaign of community outreach, job creation and funding that has finally led to a point where, in industry parlance, steel is going into the water.

In the coming months, 62 turbines, each up to up to 850 feet high (taller than any building in Boston) with blades about 350 feet long, will be planted on a sweep of seabed 15 miles off Martha’s Vineyard, the island where former Presidents Barack Obama and Bill Clinton have vacationed.

Cables carrying electricity created by spinning rotors will land on a beach in Barnstable on Cape Cod and then head to consumers in the state. Vineyard Wind says its machines will crank out enough power to light up 400,000 homes.

Wind farms are usually built surprisingly quickly once construction starts. Klaus Moeller, the chief executive of Vineyard Wind, who is Danish, said he expected that Vineyard Wind — “touch wood” — would be completed next summer.

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The situation looked quite different in 2019 when the Trump administration scrambled Vineyard Wind’s plans with a halt to further study that lasted two years, putting the proposal in jeopardy. But the Biden administration wants to make offshore wind a big part of the effort to rapidly build up renewable energy and related jobs, and it gave Vineyard Wind a go-ahead in 2021.

Constructing and installing the giant machines at sea is a fairly novel proposition in the United States. There are only a couple of other smaller offshore wind farms in the country. Another, about one-fifth Vineyard Wind’s size, is expected to come online this year off Long Island.

Europe has thousands of offshore turbines, and so much of the expertise and equipment used in Vineyard Wind’s construction, including the specialized vessels used to hammer the turbine towers into the seabed, is from across the Atlantic.

Wind developers also say they are hindered by a century-old law, the Jones Act, which bans the use of American ports to launch foreign construction vessels. To comply, Vineyard Wind plans to land turbine components at a port in New Bedford, Mass., and then ship assembled machines to the site on U.S.-flagged barges — a process that adds cost.

Industry executives and analysts say building this first giant U.S. wind farm should help clear the way for similar schemes.

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“If they can pull off this one, it will open doors,” said Dan Reicher, an assistant energy secretary in the Clinton administration and an adviser on a California proposal.

In fact, a series of wind farms are planned that could add up to around 75 times the capacity of Vineyard Wind, according to Wood Mackenzie, a consulting firm. About 80 percent of this acreage is off the East Coast.

To Christian Skakkebaek, a founder of Copenhagen Infrastructure Partners, the East Coast “in many ways looks like the North Sea, with a shallow seabed, sandy bottom and high wind speeds.”

Vineyard Wind executives like Ms. Pachter are shifting their attention to other wind projects, including another tract near Vineyard Wind, a second off New York and a third on the West Coast, off Humboldt County in Northern California.

The company acquired the acreage for Vineyard Wind in 2016 from Blackstone, the asset management giant. Mr. Skakkebaek said his company had decided to bring in a partner from the United States and had turned to Avangrid, an American subsidiary of Iberdrola, a large Spanish utility.

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While Vineyard Wind has critics, the opposition has been less intense than the kind that fought Cape Wind. One reason is visibility. The project is farther from land, in the Atlantic, while Cape Wind was nestled between Cape Cod, Martha’s Vineyard and another island, Nantucket. When constructed, the tops of the turbines will barely be visible from the islands, the company says.

People in Massachusetts also say that from an early stage, the developers took seriously their concerns, like protecting endangered whales. “They have taken those things to heart, and they have mitigated what they could mitigate and come up with a pretty responsible project,” said Andrew Gottlieb, the director of the Association to Preserve Cape Cod, an environmental advocacy group.

Some islands and towns along the Massachusetts coast see economic gains from Vineyard Wind. The town of Barnstable, which opposed Cape Wind, sought to be the landing site for the cables from Vineyard Wind. The benefits: $16 million in payments and cooperation in constructing a new sewer system, saving taxpayers millions, Mark Ells, the town manager, said.

The company also says a maintenance center for the turbines, being built on Martha’s Vineyard, will create 90 full-time jobs — a significant number for a vacation destination that mainly offers residents summertime jobs.

“It is a really big deal for the island to get 90 year-round, full-time jobs,” said Dylan Fernandes, who represents the island in the Massachusetts legislature.

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On the other hand, many of the manufacturing jobs that offshore wind could produce in the United States have yet to materialize. While the turbines will be supplied by General Electric, the cabinlike structures called nacelles, which house the gearing and electronics, will be made in France. The first blades are coming from a factory in Canada. G.E. has said it will build two factories in New York if it receives sufficient orders.

Among opponents of offshore wind, fishing groups stand out. People in the industry say that turbines impede their ability to catch fish, and that Washington has insufficiently consulted them when awarding leases. They fear a coastline studded with wind farms.

“Vineyard Wind is the first of many projects that are threatening to make commercial fishing on the East Coast of the United States extinct,” said Meghan Lapp, the fisheries liaison for Seafreeze Shoreside, a fishing company based in Point Judith, R.I.

Ms. Lapp said the wind farm site was a prime summer location for the squids that form much of her company’s business. She said that boats that netted the squids wouldn’t be able to safely fish between the turbines and that the huge structures would interfere with their radar, jeopardizing safety.

Vineyard Wind has tried to mollify the fishing industry by chartering boats to patrol the construction zone and providing around $40 million for potential lost catches. But Seafreeze and others have filed a lawsuit seeking the suspension of the Vineyard Wind lease, arguing that in the race to secure renewable energy, the federal government ignored its own environmental rules.

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At the moment, though, offshore wind and the vast amounts of clean energy it promises seem to have a shot at taking off.

“Just building a project will change so much,” Ms. Pachter said.

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On TikTok, Users Thumb Their Noses at Looming Ban

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On TikTok, Users Thumb Their Noses at Looming Ban

Over the last week, the videos started appearing on TikTok from users across the United States.

They all made fun of the same thing: how the app’s ties to China made it a national security threat. Many implied that their TikTok accounts had each been assigned an agent of the Chinese government to spy on them through the app — and that the users would miss their personal spies.

“May we meet again in another life,” one user wrote in a video goodbye set to Whitney Houston’s cover of Dolly Parton’s “I Will Always Love You.” The video included an A.I.-generated image of a Chinese military officer.

The videos were just one way that some of TikTok’s 170 million monthly U.S. users were reacting as they prepared for the app to disappear from the country as soon as Sunday.

The Supreme Court is set to rule on a federal law that required TikTok’s Chinese owner, ByteDance, to sell the app by Jan. 19 or face a ban in the United States. U.S. officials have said China could use TikTok to harvest Americans’ private data and spread covert disinformation. TikTok, which has said a sale is impossible and challenged the law, is now awaiting the Supreme Court’s response.

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The possibility that the justices will uphold the law has set off a palpable sense of grief and dark humor across the app. Some users have posted videos suggesting ways to circumvent a ban with technological workarounds. Others have downloaded another Chinese app, Xiaohongshu, also known as “Red Note,” to thumb their noses at the U.S. government’s concerns about TikTok’s ties to China.

The videos highlight the collision taking place online between the law, which Congress passed with wide support last year, and everyday users of TikTok, who are dismayed that the app may soon disappear.

“Much of my TikTok feed now is TikTokers ridiculing the U.S. government, TikTokers thanking their Chinese spy as a form of ridicule,” said Anupam Chander, a professor of law and technology at Georgetown University and an expert on the global regulation of new technologies. “TikTokers recognize that they are not likely to be manipulated by anyone. They are actually quite sophisticated about the information they’re receiving.”

TikTok declined to comment on the users’ references to its ties to China.

Some users are not willing to give up the app — or their supposed spies — so easily.

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Hundreds of TikTok videos over the last week have cataloged how teenagers could keep using the app in the United States, according to a review by The New York Times. One of the most popular methods described is the use of a VPN, or a virtual private network, which can mask a user’s location and make it appear that the person is elsewhere.

“They can’t actually ban TikTok in the U.S. because VPNs are not banned,” Sasha Casey, a TikTok user, said in a recent video that was liked over 60,000 times. “Use a VPN. And send a picture to Congress while you do it, because that’s what I’ll be doing.”

While VPNs can make it appear that a phone, a laptop or another electronic device is in a remote location, it is not clear if the technology can circumvent the ban. A device’s real location is stored in many places, including in the app store that was used to download TikTok.

TikTok fans also seem to be behind the sudden surge in popularity for Xiaohongshu, the most downloaded free app on Tuesday and Wednesday in the U.S. Apple Store. Hundreds of millions of people in China use the app, which, like TikTok, features short videos and text-based posts. Xiaohongshu means “little red book” in Mandarin.

Mr. Chander anticipates that the Supreme Court will uphold the ban law this week, though he believes that TikTok has the winning case. He said the downloads of Red Note and the Chinese spy memes showed that many Americans did not agree with their government’s security concerns, particularly at the expense of free speech.

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“When the United States shutters a massive free expression service, which our democratic allies have not shuttered, it will make us the censor and put us in the unusual position of silencing expression,” Mr. Chander said. “It will make Americans who use TikTok really distrustful of the U.S. government as carrying their best interests.”

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Edison stock turns volatile as growing blame for wildfires lands on the power company

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Edison stock turns volatile as growing blame for wildfires lands on the power company

Southern California’s catastrophic fires have rocked the stock of Edison International, the parent company of Southern California Edison, as accusations and lawsuits about the utility’s potential role in starting the fires mount.

Shares of Edison International closed up 5% at $61.30 on Wednesday after plunging 23% this month, making it one of the worst performers on the Standard & Poor’s 500. The rebound came after Ladenburg Thalmann analysts upgraded their rating of the stock to neutral from sell, saying that their target price of $56.50 a share reflected worst-case outcomes associated with the current wildfires.

“At this time, it is too early to discern what the outcomes will be with respect to the impact of the fires on the California Wildfire Insurance Fund solvency and/or the future earnings of Edison International,” the analysts wrote, according to Barron’s. “An initial assessment of SCE’s role in the start of the fires will likely not occur until the summer of 2025 at the earliest.”

State lawmakers established the wildfire fund in the wake of wildfires several years ago after Wall Street investors lost confidence and ratings agencies threatened to downgrade California’s investor-owned utilities.

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Market analyst Zacks downgraded Edison International stock from outperform to neutral after the fires started last week. Zacks predicted Edison’s operating revenue would increase during 2025 and 2026, while acknowledging that “the company has been incurring significant wildfire-related costs” and that “higher-than-expected decommissioning costs could materially impact the company’s operating results.”

RBC Capital Markets, another analyst, had a loftier view of Edison as recently as October when it called the utility “a high quality operator, with investor confidence around wildfire risk improving from best in class mitigation efforts.”

The fallout from the fires is an abrupt disruption for a company that had been surging in recent months. In its most recent quarterly report, the company posted a profit of $516 million, or $1.33 per share, compared with $155 million, or 40 cent per share, in the third quarter of last year.

“Our team has achieved remarkable success over the last several years managing unprecedented climate challenges, making our operations more resilient and positioning us strongly for the growth ahead,” President Pedro J. Pizarro said in the report.

Fire agencies are investigating whether downed Southern California Edison utility equipment played a role in igniting the 800-acre Hurst fire near Sylmar, company officials have acknowledged.

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The company issued a report Friday saying that a downed conductor was discovered at a tower in the vicinity of the Hurst fire, but that it “does not know whether the damage observed occurred before or after the start of the fire.” The fire is nearly fully contained, according to the California Department of Forestry and Fire Protection.

SCE is also under scrutiny for possibly being involved in sparking the Eaton fire that has burned 14,000 acres and destroyed thousands of structures, wiping out whole swaths of Altadena, where at least 16 people died in the blaze.

On Tuesday the Newport Beach law firm of Bridgford, Gleason & Artinian filed a mass action complaint in Los Angeles Superior Court against SCE regarding the Eaton fire on behalf of victims including Jeremy Gursey, whose Altadena property was destroyed in the fire.

“Based upon our investigation, our discussions with various consultants, the public statements of SCE, and the video evidence of the fire’s origin, we believe that the Eaton Fire was ignited because of SCE’s failure to de-energize its overhead wires which traverse Eaton Canyon—despite a red flag PDS wind warning issued by the national weather service the day before the ignition of the fire,” lawyer Richard Bridgford said in a statement.

The firm said it has represented more than 10,000 California fire victims in past suits against Pacific Gas & Electric Co. and SCE. Bridgford told Yahoo Finance that his inbox is full of Southern California residents seeking to participate in the Eaton fire lawsuit and that he anticipates “there’ll be hundreds joining.”

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The most extreme level of a red flag fire warning, a “particularly dangerous situation,” returned to parts of Los Angeles and Ventura counties Wednesday morning, heightening concerns about the potential for new fires.

“The danger has not yet passed,” Los Angeles Fire Department Chief Kristin Crowley said during a news conference Wednesday. “So please prioritize your safety.”

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Albania Gives Jared Kushner Hotel Project a Nod as Trump Returns

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Albania Gives Jared Kushner Hotel Project a Nod as Trump Returns

The government of Albania has given preliminary approval to a plan proposed by Jared Kushner, Donald J. Trump’s son-in-law, to build a $1.4 billion luxury hotel complex on a small abandoned military base off the coast of Albania.

The project is one of several involving Mr. Trump and his extended family that directly involve foreign government entities that will be moving ahead even while Mr. Trump will be in charge of foreign policy related to these same nations.

The approval by Albania’s Strategic Investment Committee — which is led by Prime Minister Edi Rama — gives Mr. Kushner and his business partners the right to move ahead with accelerated negotiations to build the luxury resort on a 111-acre section of the 2.2-square-mile island of Sazan that will be connected by ferry to the mainland.

Mr. Kushner and the Albanian government did not respond Wednesday to requests for comment. But when previously asked about this project, both have said that the evaluation is not being influenced by Mr. Kushner’s ties to Mr. Trump or any effort to try to seek favors from the U.S. government.

“The fact that such a renowned American entrepreneur shows his interest on investing in Albania makes us very proud and happy,” a spokesman for Mr. Rama said last year in a statement to The New York Times when asked about the projects.

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Mr. Kushner’s Affinity Partners, a private equity company backed with about $4.6 billion in money mostly from Saudi Arabia and other Middle East sovereign wealth funds, is pursuing the Albania project along with Asher Abehsera, a real-estate executive that Mr. Kushner has previously teamed up with to build projects in Brooklyn, N.Y.

The Albanian government, according to an official document recently posted online, will now work with their American partners to clear the proposed hotel site of any potential buried munitions and to examine any other environmental or legal concerns that need to be resolved before the project can move ahead.

The document, dated Dec. 30, notes that the government “has the right to revoke the decision,” depending on the final project negotiations.

Mr. Kushner’s firm has said the plan is to build a five-star “eco-resort community” on the island by turning a “former military base into a vibrant international destination for hospitality and wellness.”

Ivanka Trump, Mr. Trump’s daughter, has said she is helping with the project as well. “We will execute on it,” she said about the project, during a podcast last year.

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This project is just one of two major real-estate deals that Mr. Kushner is pursuing along with Mr. Abehsera that involve foreign governments.

Separately, the partnership received preliminary approval last year to build a luxury hotel complex in Belgrade, Serbia, in the former ministry of defense building, which has sat empty for decades after it was bombed by NATO in 1999 during a war there.

Serbia and Albania have foreign policy matters pending with the United States, as both countries seek continued U.S. support for their long-stalled efforts to join the European Union, and officials in Washington are trying to convince Serbia to tighten ties with the United States, instead of Russia.

Virginia Canter, who served as White House ethics lawyer during the Obama and Clinton administrations and also an ethics adviser to the International Monetary Fund, said even if there was no attempt to gain influence with Mr. Trump, any government deal involving his family creates that impression.

“It all looks like favoritism, like they are providing access to Kushner because they want to be on the good side of Trump,” Ms. Canter said, now with State Democracy Defenders Fund, a group that tracks federal government corruption and ethics issues.

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