Posted by admin | Posted in Green Energy | Posted on 07-02-2010
Tags: energy, environment, government, green, lexspeakenergy
If wind energy is so “profitable”, why do they need a bailout?
http://thehill.com/business–lobby/alternative-energy-producers-seek-stimulus-funds-2009-01-09.html
Solar and wind executives are arguing that they need help from the upcoming stimulus measure in order to meet President-elect Obama’s goal of doubling alternative energy production in three years.
They argue that the economic downturn has limited the effectiveness of a tax credit that supports the wind and solar industries. They want to change the credit to a refund in the economic stimulus package. Credits help investors minimize their tax liability. Refunds act more like a direct payment.
Don B writes: “God forbid that we should help this budding industry that can save us from the clutches of OPEC”
God forbid that we should save ourselves from the clutches of OPEC by drilling here at home instead of waiting on the budding industry that will NEVER take the place of oil, coal, natural gas, and nuclear energy.
People who think that wind energy can and will take the place of oil, or even a small part of it, are naive and deluded.
“instead lets give it all to the bankers on wall street, aty least then we won’t have to hear about where it went !!
(Because the GOP in all their wisdom gave it away without asking for any accountability AGAIN)”
Most GOPers voted against it. Most Democrats voted for it. But you direct your ire against the Republicans. And as usual, turn a blind eye to what the Dems have done.
Planet writes: “The railroads, oil companies, phone companies, the electric companies, etc, etc, ALL had federal help getting started in this country. ”
Total falsehood. All private enterprise that were funded by private investors. In those days, there was no such thing as federal help for such projects. The railroads got loans from the federal government and nothing more. No subsidies for research and/or development. The oil companies got interference (hot help) from the government, but no subsidies. Same with the electric companies, the telephone companies, etc.
“Solar and wind power need that same kind of leg up to get off the ground. ”
No it doesnt. Unlike the railroad, the oil industries, etc. showed that they could get off the ground very well on their own. Solar and Wind power has been getting that sort of leg up from the government for the past few decades. And it produces nothing of value for the money. You act as if we havent been giving a leg up to solar and wind power.
Recovery: Energy Tax Credits-Claim It – January 2010
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Clean energy gets a tax jolt.: An article from: Journal of Accountancy $9.95 This digital document is an article from Journal of Accountancy, published by American Institute of CPA’s on June 1, 2009. The length of the article is 956 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Clean energy gets a tax jol… |
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Renewable energy incentives abound in recovery act: key tax credits are aimed at setting a new direction on energy policy and climate change.(going GREEN): … article from: New Hampshire Business Review $9.95 This digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on March 13, 2009. The length of the article is 871 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Renewable energy i… |