Wind Industry Welfare: How Crony Capitalism Drives the Great Wind Power Fraud
‘Wind PTC Action Hub’: Time to End Energy Cronyism
Robert Bradley Jr.
9 October 2015
“Without the PTC, any mandated wind generation would be an even bigger political problem because its cost inflation would be exposed. The wind-is-competitive-with-fossil-fuels hyperbole would be refuted in real time.”
Congress enacted the Wind Production Tax Credit (PTC) in 1992 as a temporary measure for an “infant” industry.
Decades and nine extensions later, it is time to eliminate the PTC.
Subsidized wind power inflates electricity costs, compromises taxpayers, and destabilizes the electric grid (wind-generated electricity is intermittent).
The huge tax credit allows pricing that ruins the economics of steady, conventional generation sources. Wind power, indeed, is the perfect imperfect energy.
The PTC It is most beneficial to wealthy wind developers who are able to reduce their tax rate at the expense of the rest of us. It is past time to end corporate welfare for this mature, and in their own words,competitive, wind industry.
Obama Needs the PTC
President Obama and the EPA’s aggressive regulation of existing power plants amounts to a federal takeover of the electricity system. One of the goals of this regulation is to shift electricity from affordable and dependable sources like coal toward expensive and unreliable sources like wind. (On-grid solar does the same thing.)
Without the PTC, any mandated wind generation would be an even bigger political problem because its cost inflation would be exposed. The wind-is-competitive-with-fossil-fuels hyperbole would be refuted in real time.
Extending the Wind PTC helps Obama/EPA get away with this phase of their forced energy transformation. It is past time to let wind producers stand on their own merit.
In short, a vote for the PTC is a vote for the President’s federal energy takeover.
To this end, the American Energy Alliance has launched a Wind PTC Action Hub. Yesterday’s press release follows:
WASHINGTON — Today, the American Energy Alliance launchedwww.EndWindWelfare.org—a resource and activist hub aimed at eliminating the wind Production Tax Credit (PTC).
With this new tool, which includes a legislative tracker and an action center, AEA will encourage lawmakers to support efforts to end this taxpayer-funded handout. One feature of the hub is a video illustrating how the PTC is tied to President Obama’s new carbon dioxide regulation.
The goal of this regulation is to shift electricity generation from affordable and dependable sources like coal toward expensive and unreliable sources like wind. Obama’s plan will unavoidably raise electricity rates – hurting poor and middle class families the most. But without the PTC, mandating industrial wind power is a much more difficult task, as wind power needs handouts to survive.
Thus, Congress can take meaningful action against the Obama’s administration’s anti-energy agenda by eliminating the PTC. Watch the video below:
The hub’s legislative tracker shows which representatives have publicly taken a stand against the PTC, allowing Americans to thank their elected leaders for opposing this handout, or hold them accountable for supporting wind welfare.
Our action center will also serve as a resource for policymakers and activists by providing recent reports, blog posts and ongoing advocacy efforts on the PTC.
In Australia, exactly the same forces are at work, driven by wind industry plants inside Environment Minister, Greg Hunt’s office, like Patrick Gibbons – who just happens to be very best mates with Vesta’s little darling, Ken McAlpine.
One of STT’s operatives recently stumbled across a cache of documents – recording a mass of work done by Gibbons, McAlpine and Miles George – of near-bankrupt wind power outfit, Infigen – back then known as Babcock and Brown. This mountain of documents – including internal memos, emails, press releases and presentations given to their political targets, like then Labor leader, Mark Latham – detail efforts by the trio to downplay any likely obstacles to their plans; and to blow the claimed ‘benefits’ of Babcock and Brown’s wind farms – and a planned Vesta’s blade manufacturing plant – out of all proportion with the truth.
Babcock and Brown’s investors, shareholders and creditors all ended up more than just a little worse for wear (to the tune of about $10 billion) as a result of precisely that kind of spin-doctoring shenanigans (see our post here).
In recent times, Gibbons is still working overtime to protect the wind industry by, among other skulduggery, rigging the terms of reference for the new wind farm commissioner in his benefactors’ favour; and appointing one of their own – a former renewable industry crony – as the commissioner.
Gibbons was also in there stacking the expert panel on wind farm noise emissions with hand-picked wind industry pets, like Kym Burgermeister – a noise ‘expert’ who has been defending his wind industry clients in the usual way for years.
Gibbon’s efforts to ‘fix’ it for his wind industry mates, by derailing the work done by the Senators on the Inquiry into the great wind power fraud, has left the Senate Cross-benchers – including STT Champion, David Leyonhjelm – furious.
Wind farm watchdog’s powers ‘not enough’ for crossbench senators
10 October 2015
The federal government has been accused of “reneging” on its commitment to crossbench senators regarding the powers of a scientific panel established to monitor wind turbine noise and health.
Australia’s renewable energy industry has promised to co-operate with a new wind farm commissioner and independent scientific committee appointed yesterday to handle complaints, and provide advice on health concerns and low frequency noise monitoring.
Environment Minister Greg Hunt said the appointments honoured a deal between the government and crossbench senators after a long Senate committee investigation earlier this year.
But senator David Leyonhjelm, who was on the committee, said the government had fallen short of its promise made to ensure passage of its renewable energy target legislation.
“I welcome the appointments of both the wind commissioner and the members of the expert scientific panel,” Senator Leyonhjelm said. “However, Minister Hunt has substantially strayed from the commitment he gave to crossbench senators on 23 June in the terms of reference for the expert scientific panel released today.
“Mr Hunt has reneged on his commitment, and it is difficult to see how the crossbench will be able to believe any of his undertakings in future.”
Crossbench senators had expected the panel to have greater investigatory powers.
But under the terms of reference the committee’s role will be to “improve science and monitoring of the potential impacts of sound from wind turbines (including low frequency and infrasound) on health and the environment’’. It will provide advice on the development of Australian methodologies and frameworks in sound measurement and standards for wind farms, including in the field of infrasound and low frequency sound.
Mr Hunt appointed Andrew Dyer as National Wind Farm Commissioner for three years. Mr Dyer is a former chairman of the Telecommunications Industry Ombudsman Council and has worked in the renewable energy industry.
The independent scientific panel will be chaired by RMIT adjunct professor Jon Davy.
Patrick Gibbons has been the captain of crony wind industry capitalism inside the (purportedly) Conservative Coalition; and has fought tooth-and-nail to ensure that the most colossal industry subsidy scheme in the history of the Commonwealth – that will cost all Australian power consumers $3 billion a year in higher power prices – all of which will be directed to Gibbon’s wind industry mates – is maintained:
Out to Save their Wind Industry Mates, Macfarlane & Hunt Lock-in $46 billion LRET Retail Power Tax
Thankfully, Australian banks and power retailers aren’t having a bar of it:
Let the Sun Shine In: Australia’s BIGGEST Power Retailer Determined to Kill Wind Power
Wind Industry Still Wailing About ‘Uncertainty’ as Australian Retailers Continue to Reject Wind Power ‘Deals’
Which means that Gibbons’ plans to destroy Australia’s economic future, on behalf of his mates at Infigen & Co, will eventually come to a shuddering halt:
Australia’s Most Notorious Wind Power Outfit – Infigen – Blames $304 Million Loss on the WIND
Wind Power ‘Investors’ Cut & Run from Australia as Ponzi Scheme Implodes
Any policy that is unsustainable – as America’s PTC and Australia’s LRET most clearly are – will inevitably collapse under its own weight; or be ignominiously scrapped by those that created it. And that is a fact of economic and political life.