Mitt Romney confirms he would end US wind power subsidies

  1. You have chosen to ignore posts from AlleyCatBruin. Show AlleyCatBruin's posts

    Mitt Romney confirms he would end US wind power subsidies

    Source: The Guardian

    Mitt Romney looks set to declare war on America's wind energy industry, further emphasising the dividing line between the presumptive Republican presidential candidate and President Barack Obama on energy issues.

    Romney's campaign confirmed this week he wants to end long-standing tax credits for wind farm projects when the incentives come up for review later this year.

    The pledge means the popular production tax credits (PTCs) – which have helped drive a surge in new wind energy investment in the US, making it the second largest wind energy market in the world after China – would be allowed to expire at the end of this year if the Republicans secure the White House in November.

    Shawn McCoy, a spokesman for Romney's Iowa campaign, told the Des Moines Register earlier this week that Romney would "allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits".

    He added that wind energy would still be allowed to "thrive wherever it is economically competitive, and wherever private sector competitors with far more experience than the president believe the investment will produce results".

    Romney's campaign later confirmed he planned to allow the tax credits to lapse, stressing that he favours an energy policy environment where technology-specific incentives are removed.

    However, green groups, renewable energy industry insiders, and Democrats were all quick to point out that Romney's desire for a level playing field on energy policy does not extend to oil and gas, where he has pledged to retain up to $40bn of subsidies and tax breaks that President Obama wants to see phased out.

    Read more: http://www.guardian.co.uk/environment/2012/aug/02/mitt-romney-end-us-wind-subsidies?INTCMP=SRCH
     
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    Re: Mitt Romney confirms he would end US wind power subsidies



    Hallejuah!

    Billions in tax dollars to wealthy crony capitalist insiders is insanity personified. Not only is wind power unreliable, it’s just too expensive to be practical. And with laws forcing utilities to pay these wind farms when they are NOT producing energy, it makes no sense to anyone but those who are running the scam.


    Windmills have been around for hundreds of years to lift well water and grind grain, but the father of the recent renewable energy scam is none other than Kenneth Lay, the infamous former CEO of Enron. In January 1997, Enron acquired Zond Corporation of California, the largest developer of wind-powered electricity at the time.

    Enron then lobbied the State of Texas to enact a broad electricity restructuring bill with a “renewable portfolio standard” that mandated private electric utilities buy a minimum 2,000 mega-watts qualifying renewable energy by 2009 and 10,000 mega-watts by 2025. Enron also lobbied Congress to successfully amend Title XXII of the Energy Policy Act of 1992 to direct the federal government to authorize tax incentives for renewable wind energy technologies.

    Mr. Lay’s wheeling and dealing eventually drove the Enron leveraged empire into bankruptcy court four years later. His scams cost investors $10 billion dollars and over 20,000 employees lost their jobs and retirement benefits in the largest bankruptcy in American history.

     
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  5. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Mitt Romney confirms he would end US wind power subsidies

    In Response to Re: Mitt Romney confirms he would end US wind power subsidies:
    [QUOTE]Romney is channeling Ted Kennedy. Ooops!
    Posted by GreginMeffa[/QUOTE]

    Not really. 

    One look at Romney's energy advisors show quite the opposite - nothing but  dirty energy: fossil fuel titans, coal lobbyists, shale gas and tar sands moguls, etc.

    And Kennedy wasn't opposed to wind power in general, only in the sound.  NIMBYism is everywhere.

    Lots of older folks are similarly clueless on energy issues.





     
  6. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    Re: Mitt Romney confirms he would end US wind power subsidies

    The real "dirty" energy is  Solyndra crony capitalists looting the public treasury ...
    Green energy has failed since the Carter Administration, when will we wake up to the scam?
     
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    Re: Mitt Romney confirms he would end US wind power subsidies

    In Response to Re: Mitt Romney confirms he would end US wind power subsidies:
    [QUOTE]In Response to Re: Mitt Romney confirms he would end US wind power subsidies : Don't know what the dems would have done about subsidies to Oil, Gas, and coal.  I onther words Romney as well as Dems are for keeping subsidies for oil, gas and coal. Thanks!
    Posted by WhichOnesPink2[/QUOTE]

    Dems - as well as many repubs, including McCain last time around, supported modest carbon taxes on fossil fuels to help assuage the environmental damage their use causes.  Those taxes would in theory pay for increased development and subsidies for cleaner energy...to again 'level the playing field'.

    There are many details to any such plan, of course, but given the intransigence and inaction of congress, most of these plans have been non-starters.  I still hold out hope...same with other common sense ideas like single-payer, means testing SS, etc.

    But it's not encouraging when one side proclaims opposition to ANY environmental protections against fossil fuels at ALL (e.g. 'drill baby drill')...and some of them want to eliminate the EPA altogether.
     
  10. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Mitt Romney confirms he would end US wind power subsidies

    In Response to Re: Mitt Romney confirms he would end US wind power subsidies:
    [QUOTE]In Response to Re: Mitt Romney confirms he would end US wind power subsidies : Don't know what the dems would have done about subsidies to Oil, Gas, and coal.  I onther words Romney as well as Dems are for keeping subsidies for oil, gas and coal. Thanks!
    Posted by WhichOnesPink2[/QUOTE]

    And Romney is for a level playing field, which means he's either in favor of increasing subsidies to Solar and Wind or he wants to remove subsidies to Oil, Gas, and coal.  Otherwise he's lying.

    It's Romney's statement, not a statement by the DNC.

    Either his for a level playing field and will be removing subisides on all energy producing sectors or he's a dirty liar and you're gullible for believing him?
     
  11. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    Re: Mitt Romney confirms he would end US wind power subsidies

    "tax subsidies...just like those given to coal, oil and gas companies."
    False liberal talking point, this blatant lie is used all the time....
    What tax subsidies do oil coal and gas companies get?
    Apparently the liberal view is that anything less than 100% taxation is a 'subsidy"...

    A tax deduction and a government subsidy aren’t the same. When politicians use the terms interchangeably, it misleads many Americans.

    Oil-company tax deductions aren’t special favors. They are the standard relief afforded manufacturers, mining companies and other businesses to help recognize the costs of operations. Oil companies can deduct their expenses for things like equipment purchases and rig-technicians’ salaries. The point of these deductions — as for any other industry or individual — is to ensure taxes are only levied on income after expenses.

    These deductions aren’t unique to energy companies. Many provisions in the tax code seek to encourage certain kinds of behavior. Mortgage deductions reward home ownership. Special tax benefits promote savings in individual retirement accounts or 401(k)s.

    Overall, the oil and natural-gas industries claim about $2.8 billion a year in tax deductions. Yet that’s a tiny price to pay for the huge benefits the sector generates for the economy.

    Now, some energy-sector players do get federal subsidies, and they’re massive. They’re the “alternative-energy” companies the White House is so fond of. The wind and solar sectors alone take in $12.5 billion annually in direct subsidies.

    Initially, this vast government support was justified on the grounds that “clean tech” was an infant industry that needed help to start competing with traditional energy sources. But we’re now years into shelling out tens of billions in taxpayer dollars — in return for little in innovation or self-sustaining jobs.

    Today, each solar-energy megawatt is produced with a stunning $776 in investment- and production-tax credits. For wind power, it’s $56 a megawatt. That’s a huge public expenditure for not much energy production. The tax incentives for fossil fuels amount to a mere 64 cents per megawatt.


    Bottom line: Oil and natural gas companies aren’t subsidized — they’re merely benefiting from the same, reasonable cost-of-operation deductions afforded to all kinds of industries.

    The real subsidies — and the real scandal — are to be found in “renewable” energy, which has taken in tens of billions in direct government payments over the last few years but has little to show for it.



    Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/the_prez_oil_tax_break_lies_Y2Yj6KCU9QIO0BKHs1Be7M#ixzz22nMK8HnL

     
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  14. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Mitt Romney confirms he would end US wind power subsidies

    In response to "Re: Mitt Romney confirms he would end US wind power subsidies": [QUOTE]In Response to Re: Mitt Romney confirms he would end US wind power subsidies : Who said I believe him? I was talking about how Dems ALSO haven't done anything about oil subsidies. Posted by WhichOnesPink2[/QUOTE] I thought the thread was about subsidies for wind power not oil subsidies? Yes the dems did not nd oil subsidies. They also don't want to end subsidies for wind.
     
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  16. You have chosen to ignore posts from AlleyCatBruin. Show AlleyCatBruin's posts

    Re: Mitt Romney confirms he would end US wind power subsidies

    In Response to Re: Mitt Romney confirms he would end US wind power subsidies:
    [QUOTE]Romney thinks Solar and Wind should compete of a level playing field but big oil, natural gas, and coal should continue to get subsidies and tax breaks.
    Posted by DirtyWaterLover[/QUOTE]

    Romney would wage war against mother earth.
     

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