Business Highlights: Fed minutes, offshore wind auction – The Associated Press – en Español
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Biden considers 1st offshore wind auction in Gulf of Mexico
The Biden administration said Wednesday it is considering the first-ever lease sale for offshore wind energy in the Gulf of Mexico, a key part of a push to deploy 30 gigawatts of offshore wind by 2030 to help fight climate change. The proposed sale, which could take place as soon as this summer, includes areas offshore Lake Charles, Louisiana and Galveston, Texas, for roughly 3.6 gigawatts of electricity, enough to power about 1.3 million homes. Scientists say dirty energy produced burning coal and gas must be replaced as fast as possible with energy that does not pollute in order to avoid extreme changes to the climate.
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Fed Minutes: Almost all officials backed quarter-point hike
WASHINGTON (AP) — Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. The minutes from the Fed’s Jan. 31-Feb.1…
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