Articles filed under Taxes & Subsidies

'Eco-capitalists' aren't exactly taking risks

But most of the those who are pumping money into the alternative energy sector -- and investing heavily in ethanol, wind and solar power -- are just shrewd people, who understand that it's hard to go wrong when Uncle Sam is helping hedge your bets and guarantee a return on investment.
28 Mar 2006

Testimony of The Business Council of New York State before The Assembly Committee on Energy The Assembly Subcommittee on Renewable Energy

Let me be clear from the start - we are not opposed to renewables. Our companies have been the beneficiaries of the state's most abundant form of renewable energy - hydropower. What we do object to is being forced to subsidize those renewables that are not cost competitive...............Adding significant amounts of wind power does not negate the need to add more baseload generation, to ensure system reliability during periods of peak demand. Until we add significant baseload capacity in this state we are not likely to reap the benefits of a truly competitive marketplace where supply will respond to demand.
21 Mar 2006
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