Another Offshore Wind Company Expects Huge Losses

Another offshore wind company has announced that it is expecting to take considerable losses as the industry continues to struggle, Bloomberg News reported Tuesday.

General Electric anticipates that it will lose $1 billion on its offshore wind operations this year, and that it expects to lose a similar amount next year, GE’s CEO said Tuesday, according to Bloomberg. The announcement is the latest sign of trouble for the offshore wind industry, which has seen other leading companies take substantial losses as supply chain woes, inflation, logistical problems and higher borrowing costs have eaten into profit margins.

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General Electric Says It Won’t Require Vaccine after Supreme Court Strikes Down White House Mandate

General Electric Company

American corporation General Electric this week announced that it would no longer require its 56,000 employees to undergo either the COVID-19 vaccination or regular testing after the Supreme Court struck down the White House’s employer vaccine mandate.

The company suspended its enforcement of that policy on Friday, one day after the court said the Biden administration could not force large U.S. companies to require vaccinations for their employees.

President Joe Biden has urged companies to continue with their own personal mandates after his administration’s own efforts were stymied by the Supreme Court.

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When Asked If They Identified as ‘American,’ Many US Corporations Stand Silent

by Tim Pearce   Ten international corporations contacted by The Daily Caller News Foundation got their start in the U.S. but stayed silent when asked if they saw themselves as “American” companies. Nine others responded to TheDCNF’s inquiry by either identifying with their American heritage, obscuring their loyalties or declining to comment…

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