Beautiful Virgin Islands

Wednesday, May 13, 2026

Don’t allow outside investors to seize ‘green’ opportunities

Don’t allow outside investors to seize ‘green’ opportunities

With some ‘go green’ legislation and renewable energy initiatives already in place, Premier Andrew Fahie has suggested that outsiders should not be able to seize opportunities that are readily available for locals.
The Premier, speaking at a press conference recently, encouraged persons to be ready to make necessary adjustments when there is a paradigm shift towards green energy.

He further suggested that green opportunities may not seem popular right now because there are not many alternative sources of energy around at this time.

“We have to look ahead and stay ahead of the curve and not let persons come from the outside and start investing in these things and then we start to say ‘well, how come they are coming in and being allowed to do that?’”

“The law is already passed, nearly everything dealing with renewable energy is duty-free at this time. There are very few [items] that may have some duty on it, but it’s very low — [perhaps] two percent. We’re looking at [this Customs duties exemption for] the first two years and it may call for us to extend it even more,” he added.

He urged persons to take advantage of available initiatives when they come forward.

“Those are some of the areas I want the people of the Virgin Islands to start to think about, research because the vehicle to get it done has already been done through legislation,” the Premier said.

“There’s a new industry there to be had by our people and we just want to get these technical expertise on how to train our people and advance them much faster into these areas and open their minds to the possibilities of the future which is right now,” he added.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
×