Articles Tagged: energy subsidies

Why Renewable Energy Still Needs Subsidies

The wind-energy sector won a long-fought battle in mid-July, when the Senate Finance Committee voted to extend the production tax credit, the most commonly-used subsidy for wind project development in the U.S., for another two years. But the road to credit extension wasn’t easy: The tax credit has been on-again, off-again for years, as has the parallel Investment tax credit for solar-project development.

Top leaders of Solyndra solar panel company repeatedly misled federal officials, investigation finds

Top leaders of a troubled solar panel company that cost taxpayers a half-billion dollars repeatedly misled federal officials and omitted information about the firm’s financial prospects as they sought to win a major government loan, according to a newly-released federal investigative report.

Obama Hails Green Energy Profit Potential at Environmental Business Summit

President Barack Obama hailed the financial opportunities presented by renewable energy during a Monday speech at an event sponsored by green energy companies that stand to benefit from expanded green energy subsidies.

US green energy subsidies ‘unfair, ineffective’, study finds

A University of California study has slammed the fairness, efficiency and effectiveness of billions of dollars of so-called green energy subsidies provided by the US government. The study has found the bottom 60 per cent US households by income received about 10 per cent of the value of the four main ‘green energy’ tax credits available, while the top 20 per cent (those with annual incomes above $US75,000) extracted 60 per cent of the benefit.

Obama, Clinton Foundation Donors Sold ‘Green’ Fuel to Military for $149 per Gallon

A Congressional Research Service (CRS) report found that the Department of Defense (DOD) paid Solazyme $149 per gallon for fuel made of algal oil, costing taxpayers a total of $223,500 in 2009. The group also received a $21 million stimulus grant from Department of Energy in 2009.

Get mandates, subsidies out of solar energy business

Solar power — and all green energy, for that matter — should be able to compete on its own merits, without federal subsidies and without demanding above-market rates for the power it produces. And NV Energy should be required to provide power to all its customers as cheaply as possible.

Cronyism Lawsuit Against Energy Department’s $25 Billion Green Energy Program Advances

A federal judge in Washington, D.C., has ruled that a lawsuit filed by a government watchdog group against the Department of Energy over “political favoritism” within a multi-billion dollar federal green energy loan program can advance.

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