california – Pacific Maritime Magazine

20 Feb

Legislation That Would Fund Offshore Wind Efforts at Calif. Ports Introduced

Karen Robes MeeksNews, News Briefs, PMM Online Newscalifornia, offshorewind, osw, seaports

California state Assembly members Josh Lowenthal (D-Long Beach), Jim Wood (D-Healdsburg) and Rick Chavez Zbur (D-Hollywood) on Feb. 7 introduced AB 2208, a bill seeking voter approval for a proposed $1 billion bond to fund seaport infrastructure for potential offshore wind energy projects. “To meet our climate goals, we need to produce enough offshore wind energy to power up to 25 million homes by 2045,” Zbur told Los Angeles' ABC News affiliate. “The cost of improving our ports to enable them to assemble these massive turbines is a multibillion-dollar effort.” “This $1 billion bond,” he continued, “sends the signal that…

14 Mar

Study: California Ports a Major Economic Generator for U.S.

Karen Robes MeeksNews Briefs, PMM Online News, Terminal Operationscalifornia, capa, ports

Ports in California account for billions in tax revenue and millions of jobs in the United States, according to a new study prepared by Washington-based consulting firm BST Associates. The study was first shared with state lawmakers in February for Ports Day 2023, a yearly day of advocacy for the California Association of Port Authorities (CAPA). According to the study, California ports generated $416 billion in trade value in 2020, $38.1 billion in tax revenue, and an estimated 3.1 million jobs, including over 800,000 export-related jobs and close to 2.3 million import-related jobs. These jobs, according to the study, create…