“After 25-years of subsidy-driven financing of renewable energy, Main Street Americans are now taxed billions annually so the richest Wall Street bankers and corporations can avoid their tax burden by funneling money to big wind development.”
“We support the House provision to remove the PTC inflation adjustment. Retaining the 2.4¢/kwh subsidy in light of lower installation costs and increased production confers a bounty on big wind that far exceeds what 1992 lawmakers could ever have envisioned.”
– Linowes letter to lawmakers (below)
With the Energy Policy Act of 1992, a substantial tax credit has gone wind’s way. A quarter-century and many extensions later, this gravy train is at risk of being partly derailed.
It’s about time.
While conferees will reconcile the House and Senate versions of the tax bill this week, it appears that a haircut will happen to industrial wind power via the Production Tax Credit (reduced amount, stricter calculation).…
Continue Reading“Why bad news and bad news only? Don’t the very reporters and staffers at InsideClimate News want to add optimism to their professional lives? Or is climate alarmism just a day job, a 9-to-5 gig, after which the real world comes into focus?”
“What would happen if some intrepid reporter or story gatherer broke the mold and reported on global lukewarming or on the benefits of CO2? What would his or her boss say? What would the head of fundraising say? What would the donors say?”
I read InsideClimate News (ICN) daily. And I am perplexed to see a nonprofit writing/information organization claiming the mantle of “clear,” “objective,” “independent,” and “non-partisan” dish up 100% climate alarmism and ad hominem argument against critics of the same. One would think that voluntary transactions between consenting adults, the ebb and flow of science, and skepticism against intellectual and political elites would be enough to investigate such topics as:
“Today’s reserve and resource estimates should be considered a minimum, not a maximum. By the end of the forecast period, reserves could be the same or higher depending on technological developments, capital availability, public policies, and commodity price levels.”
“The implication for business decision-making and public-policy analysis is that ‘depletable’ is not an operative concept for the world oil market, as it might be for an individual well, field, or geographical section…. [T]he concept of a nonrenewable resource is a heuristic, pedagogical device—an ideal type—not a principle that entrepreneurs can turn into profits and government officials can parlay into enlightened intervention.”
This essay, published by the Foundation for Economic Education (FEE) in the November 1999 issue of The Freeman, was subtitled, “Today’s Reserve and Resource Estimates Should Be Considered a Minimum.”…
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