Articles filed under Taxes & Subsidies

Increase energy research by ending the wind subsidy

In 2014, Congress voted to spend another $6 billion to extend the wasteful wind subsidy for one year. That amount is more than the U.S. spends in an entire year on the Office of Science at the Department of Energy. Let’s not make that mistake again. Basic energy research is one of the most important things the country can do to help unleash our free enterprise system to provide the clean, cheap, reliable energy we need to power our 21st-century economy.
14 Aug 2016

The Renewable Energy House of Cards

The IEA implicitly confirms that by removing government support, many renewable energy companies would collapse like a house of cards because they aren’t competitive without it. Further, the report concludes that without government subsidies for renewable companies, investors would not be comfortable investing private capital.
5 Aug 2016

Alexander urges EPA to ditch proposal to offer new incentives to big wind

Senator Lamar Alexander on Monday urged the administration to reconsider a proposal to provide new incentives to wind power producers who are already benefiting from the 24-year-old wind production tax credit. Senator Alexander also pointed out that the proposal fails to provide any incentive for nuclear energy – this country’s largest source of clean electricity.
2 Aug 2016

Rep. James Frank to file wind farm-related proposal

Two possible wind farm developments in Clay County could threaten flight training missions and radar operations at nearby Sheppard Air Force Base, according to base officials and wind energy opponents. The worst case scenario, officials have said, is that Sheppard's missions are moved elsewhere and Wichita Falls loses an estimated $750 million in annual economic impact.
23 Jun 2016

Wind should stand on its own power

"If you don't seen any improvement in technology costs and you see the incentives pull away ... there will be fewer places where the electricity price will get you there," he said. "You'd have to look at the exogenous impacts on the environment, and then it's a question of whether or not you include those."
19 Jun 2016

Developer drops plan to build wind farm in Logan County

In the decision, commissioners said Everpower didn’t meet all the requirements of the application and failed to show why the project would have a positive impact on the local economy. ...Commissioner’s also cited a public meeting where about 40 residents spoke out against the project and only the developer spoke in favor.
19 Jun 2016

SWEDEN: Wind power investment comes with high political risk

Can an investor in Swedish wind power -- for example, a European pension fund -- considering the Swedish parliamentary elections in 2018, feel safe for continued reimbursement policy? Jan Hedman and Henrik Wachtmeister of the Confederation of Swedish Landscape Protection, comment about the recent energy deal supported by all political parties except the Sweden Democrats, SD. 
18 Jun 2016

Lid blown off wind subsidies

Thankfully, the lid has been blown off Oklahoma’s previously well-hidden wind subsidies. Projections that the Windfall Coalition and others provided to legislators over the past year are now being realized. With another budget shortfall looming over our state, legislators can no longer ignore the glaring deficit being largely driven by Oklahoma’s wind giveaway.
17 Jun 2016

Corporate tax is big loser for Oklahoma in May

"Conventional wisdom says general revenue collections should rebound when oil stabilizes, but the reality is any rebound will be significantly hamstrung by wind incentives without legislative action. The revenue erosion wind incentives caused in May will be the new normal for years unless legislators act," Doerflinger said.
15 Jun 2016

Commissioners reject wind proposal

Logan-county-ohiowindresolution_thumb “The Logan County Board of County Commissioners is not convinced that over the life of the project that granting the PILOT would benefit the community. Likewise with respect to job creation, the Logan County Board of County Commissioners is not convinced that the amount of taxes abated would be exceeded by the benefit of gaining relatively few permanent employees,” the resolution reads.
15 Jun 2016
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