Governor signs offshore wind energy bill
PAULSBORO, NEW JERSEY - New Jersey Gov. Chris Christie plans to sign a bill into law that would offer tax credits to encourage the development of renewable energy resources.
The bill establishes an offshore wind renewable energy certificate program and authorizes the Economic Development Authority to provide tax credits for qualified wind energy facilities.
Sponsors of the measure say wind projects would create significant development and environmental benefits for the state.
A state study released in June found wind energy would have little negative impact on New Jersey's environment.
Christie signed the measure at the Paulsboro Marine Terminal port.
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BOE Says UK Energy Price Guarantee is Key for Next Rates Call
LONDON - Bank of England Deputy Governor Dave Ramsden said financial markets are still unsettled about the outlook for the UK and that a Treasury statement due on Oct. 31 may provide some reassurance.
Speaking to the Treasury Committee in Parliament, Ramsden said officials in government and the central bank are dealing with huge economic shocks, notably the surge in energy prices that came with Russia’s attack on Ukraine. Investors are reassessing where interest rates and the fiscal stance are headed.
“Markets remain quite febrile,” Ramsden told members of Parliament in London on Monday. “Things have not settled down yet.”
He described the…
