“Letter to the Editor”, regarding Cancellation of Renewable Energy Agreements…

 

Dear Editor

Electricity is back in the news again and some are expressing that green jobs might be lost if the province doesn’t enter into any new agreements for renewable energy.  This will save Ontarians a whopping $2.45 per month on their electricity bills.

Ontarians need to know about the original contract between Ontario and Samsung/Korea Consortium, where there was to be approx. 16,000 jobs created.  This was challenged in the World Trade Organization Court and Canada lost.  Because of the amended trade agreement in 2013 Samsung/Korea could “develop, construct and operate wind and solar generation projects” totaling “up to 1,369 MW of capacity (Phases 1 and 2 and 300 MW for Phase 3).  It could also “establish and operate facilities” to “manufacture wind and solar generation equipment” which might create approximately 900 jobs.

With how much Ontarians have spent on this monopoly there would be 900 jobs created – think about that.  And it would be the same deal even if it were the PCs or the NDP.  They are all getting the same failed advice from the same back-room boys.

We also must remember that there is 3 phases to the Samsung/Korea monopoly and only new agreements, with others, won’t be entered into.  This leaves Ontarians on the hook for the next umpteen years, according to the press, and what about the turbines that are already expropriating people’s use, enjoyment and operation of their land with 500 meter plus set-backs, that go over property lines.  According to the Canadian Wind Energy Association, a noise receptor is the inner ear, not the government’s definition that it is a house.  This expropriation/violation should not be tolerated by any Ontarian because if it can happen to one person it can happen to any person.  And one merely has to look at the “big 3” parties to see why this is continuing.

Bill Davis’ PCs (1985) was one of the first to have a government agreement with Suncor (TransCanada), which neither, the Liberals or NDP seem to cancel.  This might explain why none of the parties are not saying anything about the breach of trust involved with the cancellation of the gas-plants.  Wynne even admitted her government had committed breach of trust against Ontarians – silence from the other parties.  As for the Attorney General’s office, why isn’t it upholding the law?  Isn’t that its job?

When Ontarians find out what is really happening they might look to someone else to represent them in Queen’s Park and not merely the “big 3” representing the “back-room boy’s.” These costly agreements will be back, no matter which party is in power.  So don’t be fooled.  We have 18 months to find someone new – let’s do it.

 

Elizabeth F. Marshall,

Director of Research Ontario Landowners Association

Author – Property Rights 101:  An Introduction”

Secretary – Canadian Justice Review Board

Legal Research – Green and Associates Law Offices, etc

Legislative Researcher – MPs, MPPs, Mun. Councillors, etc.

President All Rights Research Ltd.,

Steering Committee – International Property Rights Association

I am not a lawyer and do not give legal advice.  Any information relayed is for informational purposes only.  Please contact a lawyer.

1-705-607-0587Collingwood, ON

 

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How Green Energy Hurts the Poor…

Commentary

How Green Energy Hurts the Poor


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The clean energy mantra is so loud that it often drowns out the feeble cry of energy poverty. Many Americans are finding it more and more difficult to pay their utility bills, yet this important issue is nearly absent from the debate about America’s energy future.

Modern progressives, who have long fancied themselves as champions of the poor, now see energy policy only through the lens of climate change. Their call to reduce greenhouse gas emissions, at any cost, drives public policy. Consequently, the sources of our most reliable and affordable electricity, existing coal power plants, are being shut down across the country as overzealous federal and state regulatory mandates force utilities to use less reliable, and more expensive sources such as wind and solar power.

For those on fixed incomes, increasing energy prices mean that the gap between what they can afford to pay and what they are paying for electricity is widening. If we continue to push aside cheap coal-generated electricity for more expensive alternatives, many more of the nation’s poor will fall into that gap as they struggle to keep their lights on and their refrigerators running.

To be considered affordable, utility bills should be no more than 6 percent of one’s income. But according to new research, energy costs now represent 20 percent or more of income for many of the poorest Americans. That affordability gap of 14 percentage points translates into an extra $40 billion per year.

Only about 1 in 5 families eligible for the federal government’s Low Income Home Energy Assistance Program actually received funding last year. While climate change evangelists might suggest the answer to this affordability crisis is more funding for energy assistance programs, that’s only a Band-Aid solution that ignores the critical issue of why energy costs are rising.

While low-cost natural gas—thanks to the shale revolution—has moderated rises in energy prices, we cannot assume that natural gas will stay cheap forever. Today, natural gas is the largest source for generating the nation’s electricity. It also heats half of American homes and is being exported in ever-growing volumes.

In the past, when natural gas prices spiked (which they have a history of doing), utilities could turn to abundant, reliable and low-cost coal power to hold down energy costs. But many of those coal plants, once the backbone of our electricity sector, are now gone or are threatened with regulation-induced death. While coal is still used to generate a third of the nation’s electricity, an ever-lengthening list of EPA regulations continues to push critically important coal plants into early retirement.

But renewable energy can’t fill that void any time soon. Despite receiving tens of billions of dollars in subsidies, wind and solar still generate less than 6 percent of the nation’s electricity and remain undependable sources of electricity generation.

Improving the environmental performance of our energy sector is a worthy goal. But doing so by regulatory fiat, while trading reliable and low-cost energy for more expensive and less reliable alternatives, is not the right path forward.

Purposefully driving up the cost of energy, while millions of Americans already struggle to pay their utility bills, is irresponsible. We cannot cut the world’s carbon emissions alone, but we can certainly make U.S. energy poverty a full-blown crisis if we continue on our current course.

Innovation and competition, not heavy-handed regulation, are the keys to keeping the cost of energy from breaking household budgets. Maintaining, or even lowering, energy costs must be as important a consideration in U.S. energy policy as any efforts to reduce greenhouse gas emissions.


William F. Shughart II is Research Director and Senior Fellow at the Independent Institute, J. Fish Smith Professor in Public Choice in the Jon M. Huntsman School of Business at Utah State University, and editor of the Independent Institute book, Taxing Choice: The Predatory Politics of Fiscal Discrimination.

Donald Trump….Too Smart to Fall for the Wind/Climate Scam!

Donald Trump Would Unleash Energy Sector

Say what you want about Donald Trump, but he has said two things recently that more profoundly diagnose America’s true problems than anything Hillary Clinton has even come close to thinking about in her entire lifetime.

Donald Trump Would Unleash Energy Sector
By Steve Milloy
Breitbart.com, August 9, 2016

Say what you want about Donald Trump, but he has said two things recently that more profoundly diagnose America’s true problems than anything Hillary Clinton has even come close to thinking about in her entire lifetime
The first thing he said — that political correctness “cripples our ability to talk and think and act clearly” — is not the subject of this column. The second — that “It is time to remove the anchor that is dragging us down” — is.

The “anchor” he was talking about is the government and, especially the Obama administration and any extension thereof through Hillary Clinton.

We have a government that is choking us to death with regulations and economy killing policies. As Trump pointed out:

The Federal Register is now over 80,000 pages long. As the Wall Street Journal noted, President Obama has issued close to four hundred new major regulations since taking office, each with a cost to the American economy of $100 million or more.

In 2015 alone, the Obama Administration unilaterally issued more than 2,000 new regulations – each a hidden tax on American consumers, and a massive lead weight on the American economy.

Nowhere is this truer than in the energy sector Trump spotlighted in his speech in Detroit. But to appreciate Trump’s prescription for the energy sector and the rest of the economy, it’s first necessary to understand how the Obama administration has sabotaged both.

Probably the least talked about effect of Obama’s anti-economic policies has been the destruction of the economic model for the electric power industry. Electric utilities used to make money the old fashioned way — by selling more electricity. For a variety of reasons, that has not been possible in the moribund Obama economy.

Instead utilities have been forced to engage in various government-mandated energy efficiency and green power schemes where utilities can only make more money by selling less electricity at higher prices. Flattened electricity production by utilities has then had downstream effects on fuel production industries.

Lower fuel needs has forced down coal prices and caused overproduction in a coal industry that has become increasingly efficient over the years at producing coal.

The Obama administration then compounded this problem for the coal industry by commencing its infamous war on coal. This has had the effect of forcing utilities to choose either to endure high regulatory compliance costs and political disfavor by sticking with coal or to switch to alternatives like natural gas, wind and solar. While the Obama administration favored the later two energy sources, the markets tossed a monkey wrench in these plans.

A glut of cheap natural gas produced by hydrofracturing technology (fracking) eased the coal-switching problem for utilities. Making progressive lemonade out of lemons, at this point the Obama administration then decided to finish off the coal industry by making the permanent the glut of cheap natural gas. It did this by slow-walking if not just simply preventing natural gas from being exported to a global market hungry for it.

The effect was two-fold. First, it forced most of the coal industry into bankruptcy. Second, it kept gas prices depressed. If an oil and gas firm is not struggling today, it’s probably only because it has gone into bankruptcy, too. And it you’re thinking that cheap fuel prices must have been good for electric utilities, think again. Midwestern utilities were hoping that the cheap fuel glut would lead to a renaissance of manufacturing in the Rust Belt, facilities to which they could sell more electricity. But regulatory uncertainty brought about overzealous and arbitrary Obama administration agencies and actions has prevented any such renaissance.

A President Trump would remove the government boot from the energy industry. Natural gas could be exported to a gas-hungry world. This would relieve pressure on what’s left of the coal industry. Then, unburdening utilities of regulatory and political pressure to use politically correct fuels and allowing utilities to sell more electricity to a growing economy would restore health to the ailing energy sector and help create millions of good-paying, wealth producing jobs.

All this is complex and difficult to explain in a brief column, let alone a policy speech by a candidate who is more of a business-doer than a political-talker. But Trump gets the big picture. Overregulation is killing our economy. The energy sector is living (on life support) proof.

Steve Milloy publishes JunkScience.com and is a former coal executive.

A Breakdown on How Badly the Wind Fiasco is Hurting us…Financially.

Ontario electricity has never been cheaper, but bills have never been higher

The province signed long-term contracts with a handful of lucky firms, guaranteeing them 13.5 cents per kWh for electricity produced from wind, and even more from solar.

Tyler Brownbridge / Postmedia News files
 
The province signed long-term contracts with a handful of lucky firms, guaranteeing them 13.5 cents per kWh for electricity produced from wind, and even more from solar.  The more the wind blows, the bigger the losses and the higher the hit to consumers.

You may be surprised to learn that electricity is now cheaper to generate in Ontario than it has been for decades. The wholesale price, called the Hourly Ontario Electricity Price or HOEP, used to bounce around between five and eight cents per kilowatt hour (kWh), but over the last decade, thanks in large part to the shale gas revolution, it has trended down to below three cents, and on a typical day is now as low as two cents per kWh. Good news, right?

It would be, except that this is Ontario. A hidden tax on Ontario’s electricity has pushed the actual purchase price in the opposite direction, to the highest it’s ever been. The tax, called the Global Adjustment (GA), is levied on electricity purchases to cover a massive provincial slush fund for green energy, conservation programs, nuclear plant repairs and other central planning boondoggles. As these spending commitments soar, so does the GA.

In the latter part of the last decade when the HOEP was around five cents per kWh and the government had not yet begun tinkering, the GA was negligible, so it hardly affected the price. In 2009, when the Green Energy Act kicked in with massive revenue guarantees for wind and solar generators, the GA jumped to about 3.5 cents per kWh, and has been trending up since — now it is regularly above 9.5 cents. In April it even topped 11 cents, triple the average HOEP.

So while the marginal production cost for generation is the lowest in decades, electricity bills have never been higher. And the way the system is structured, costs will keep rising.

The province signed long-term contracts with a handful of lucky firms, guaranteeing them 13.5 cents per kWh for electricity produced from wind, and even more from solar. Obviously, if the wholesale price is around 2.5 cents, and the wind turbines are guaranteed 13.5 cents, someone has to kick in 11 cents to make up the difference. That’s where the GA comes in. The more the wind blows, and the more turbines get built, the bigger the losses and the higher the GA.

Just to make the story more exquisitely painful, if the HOEP goes down further, for instance through technological innovation, power rates won’t go down. A drop in the HOEP widens the gap between the market price and the wind farm’s guaranteed price, which means the GA has to go up to cover the losses.

Ontario’s policy disaster goes many layers further. If people conserve power and demand drops, the GA per kWh goes up, so if everyone tries to save money by cutting usage, the price will just increase, defeating the effort. Nor do Ontarians benefit through exports. Because the renewables sector is guaranteed the sale, Ontario often ends up exporting surplus power at a loss.

The story only gets worse if you try to find any benefits from all this spending. Ontario doesn’t get more electricity than before, it gets less.

Despite the hype, all this tinkering produced no special environmental benefits. The province said it needed to close its coal-fired power plants to reduce air pollution. But prior to 2005, these plants were responsible for less than two per cent of annual fine particulate emissions in Ontario, about the same as meat packing plants, and far less than construction or agriculture. Moreover, engineering studies showed that improvements in air quality equivalent to shutting the plants down could be obtained by simply completing the pollution control retrofit then underway, and at a fraction of the cost. Greenhouse gas emissions could have been netted to zero by purchasing carbon credits on the open market, again at a fraction of the cost. The environmental benefits exist only in provincial propaganda.

And on the subject of environmental protection, mention must be made of the ruin of so many scenic vistas in the province, especially long stretches of the Great Lakes shores, the once-pristine recreational areas of the central highlands, and the formerly pastoral landscapes of the southwestern farmlands; and we have not even mentioned yet the well-documented ordeal for people living with the noise and disturbance of wind turbines in their backyards. We will look in vain for benefits in Ontario even remotely commensurate to the damage that has been done.

The province likes to defend its disastrous electricity policy by saying it did it for the children. These are the same children who are now watching their parents struggle with unaffordable utility bills. And who in a few years will enter the workforce and discover how hard it has become to get full time jobs amid a shrinking industrial job market.

Electricity is cheaper to make than it’s been for a generation, yet Ontarians are paying more than ever. About the only upside is that nine other provinces now have a handbook on what not to do with their electricity sector.

Ross McKitrick, Professor of Economics at University of Guelph, is Research Chair, Frontier Centre for Public Policy.

Rural Ontarians Hurt the Most in Wynne’s Energy Fiasco!

 

WATCH ABOVE: If you live in Ontario and you think our hydro bill is a bit high, you’re not alone. The province has some of the highest electricity rates in the country and rural areas are the hardest hit by the rising costs. As Jacques Bourbeau, it means some customers have to choose between paying for power and food for the family.

So-called “energy poverty” is getting worse in rural Ontario, a Global News investigation has found, with even small households paying hundreds of dollars a month to keep the lights on.

Officials, residents and experts are all sounding the alarm after electricity rates in the province rose 100 per cent in the past decade.

A range of factors are fueling the increases, including subsidies for clean energy, dealing with aging nuclear plants and maintaining and modernizing the province’s vast transmission and distribution system. But the problem is especially acute in rural Ontario, where steep delivery charges are the norm.

“The worst affected are customers in rural Ontario,” said energy analyst Tom Adams. “Compared to the ordinary urban household, the delivery charge alone is usually two to three times higher.”

FROM THE ARCHIVES: Ontario’s rising electricity costs putting squeeze on big business


Fay Knox knows what it’s like to live off the grid. Unable to cope with rising power rates, she has been disconnected twice because she couldn’t pay her hydro bills.

She lives by herself in a small house in the Eastern Ontario town of Lancaster, but her electricity bills run into the hundreds of dollars.

For the month of March 2016, it was $299.67. Knox, who receives a disability pension, says she simply can’t afford to keep her lights on.

“I could pay my hydro bill (20 years ago),” she said. “I was a single mother making $4 an hour raising two boys. Paying a mortgage. And you could pay your hydro. You can’t pay your hydro anymore.”

Ontario Progressive Conservative energy critic John Yakabuski said he was recently speaking to a volunteer at a food bank in the Ottawa Valley town of Eganville, who told him that most of the food bank’s new clients were people who had to make a choice between paying their hydro bill and avoiding a disconnection fee, or buying groceries.

“So they chose to maintain their hydro, but were now becoming clients of the food bank.”

WATCH: The roadmap to renewable energy in Canada

Jennifer Shaver is in a similar situation to Knox. She lives in Oxford Station, just outside of Ottawa, and she is on a constant crusade to cut her power consumption.

She shuts off her water heater during the day, hangs out all her laundry and her air conditioner is never turned on. The dishwasher only runs at night.

Despite her strict conservation measures, her monthly bills have been creeping up to more than $300 a month.

“With what’s been happening with Hydro we could be paying $500 a month easy here,” Shaver told Global News. “And that’s not going to work for us. And I don’t know what to do.”

She said she regularly falls behind on paying the bills, and a hydro crew recently disconnected power to her house. Her parents lent her the money to pay the $600 bill, and her power was eventually restored.

Government ‘taking significant steps’

Ontario’s new Energy Minister, Glenn Thibeault, said he’s still learning the ropes in his new job, so the man who used to hold the position, Bob Chiarelli, addressed the issue instead.

He expressed some sympathy to the plight of rural hydro customers.

“Yes there are pressures on rural customers,” Chiarelli acknowledged. “We are taking some significant steps to ameliorate those and we’ve made some significant progress.”

READ MORE: Ontario electricity rates set to surge again on May 1

That help includes the Ontario Electricity Support Program that offers low-income Ontarians a monthly credit on their bill of up to $50. There is also the Low-Income Energy Assistance Program (LEAP), that will provide up to $600 in emergency assistance to people who are struggling to pay their hydro bill.

But energy analyst Adams says despite this help, a crisis is brewing.

“Electricity costs are becoming a housing problem. Some people are saying now they can’t afford to stay in their home because of their power bills. I find that … shocking.”

How many people are living in the dark?

Hydro One is the utility that delivers electricity to much of rural Ontario. The company refused to provide the number of people who have been disconnected each year for the past 10 years because of non-payment of their bills.

A similar request for the number of notices sent out to customers warning them their power could be disconnected because of arrears was also denied. Laura Cooke, Hydro One’s Senior Vice-President of Customer and Corporate Relations, did tell Global News she has reviewed the data and she did not see an “appreciable difference” in the year-over-year numbers.

But Cooke refused to provide data to back up that assertion.

“I am shocked that they would not divulge that information,” PC energy critic Yakabuski told Global News. “That is now being cloaked in a veil of secrecy when it comes to how they do business.”

However, there is some publicly available data that indicate the problem may be getting worse. In a two-year period (2013-2014) the number of people who applied to the LEAP program for financial help to pay their electricity bill shot up by 20 per cent. The amount of money paid out by the fund also jumped by the same amount.

Officials in a number of rural townships said the number of people seeking help through the Community Homelessness Prevention Initiative is on the rise. Renfrew County, west of Ottawa, doubled the amount of assistance it handed out last year.

Meanwhile, Fay Knox is once again hundreds of dollars behind on her hydro bill. The stress of not knowing when she will be living in the dark is taking its toll.

“My nerves are shot. Blood pressure is through the roof. I don’t think in Ontario that we should have to live like this. And it’s getting worse.”

© 2016 Global News, a division of Corus Entertainment Inc.

The Windscam, built on O.P.M….

US Wind Industry ‘Built’ on $176 Billion of Other Peoples’ Money

burning-dollar

If recycling is an environmental ‘good’, then the wind industry can proudly wear its ability to recycle hundreds of $Billions of other peoples’ money as a badge of honour.

Take a product which – as it can only ever be delivered at crazy random intervals and can’t be economically stored – has NO commercial valueand you’ll tend to find willing buyers few and far between.

In Australia’s wind power capital, South Australia, thanks to REC subsidies worth more than double what conventional power costs to produce, wind power outfits actually pay the grid manager (up to $20 per MWh) to take their skittish wares (see our post here). That market perversity has left SA with the highest retail power prices in Australia (by a factor of 2) and a grid on the brink of collapse (see our post here).

But the wind industry’s ‘recycling’ efforts can only take effect where the useful idiots that pretend to govern us enshrine massive subsidy schemes as ‘immutable’ laws, that must necessarily outlast religion: even the merest hint of threat to which kills ‘investment’ in wind power stone dead (see our post here).

The cost of feeding the subsidy-sucking freak that is the wind industry has already cost taxpayers and power consumers hundreds of $Billions around the Globe; and, as Robert Bryce spells out, will – if left unchecked – cost Americans hundreds of $Billions more.

Wind-Energy Sector Gets $176 Billion Worth of Crony Capitalism
National Review
Robert Bryce
6 June 2016

It takes enormous amounts of taxpayer cash to make wind energy seem affordable.

Last month, during its annual conference, the American Wind Energy Association issued a press release trumpeting the growth of wind-energy capacity. It quoted the association’s CEO, Tom Kiernan, who declared that the wind business is “an American success story.”

There’s no doubt that wind-energy capacity has grown substantially in recent years. But that growth has been fueled not by consumer demand, but by billions of dollars’ worth of taxpayer money. According to data from Subsidy Tracker — a database maintained by Good Jobs First, a Washington, D.C.–based organization that promotes “corporate and government accountability in economic development and smart growth for working families” — the total value of the subsidies given to the biggest players in the U.S. wind industry is now $176 billion.

That sum includes all local, state, and federal subsidies as well as federal loans and loan guarantees received by companies on the American Wind Energy Association’s board of directors since 2000. (Most of the federal grants have been awarded since 2007.)

Of the $176 billion provided to the wind-energy sector, $2.9 billion came from local and state governments; $9.4 billion came from federal grants and tax credits; and $163.9 billion was provided in the form of federal loans or loan guarantees.

General Electric — the biggest wind-turbine maker in North America — has a seat on AWEA’s board. It has received $1.6 billion in local, state, and federal subsidies and $159 billion in federal loans and loan guarantees. (It’s worth noting that General Electric got into the wind business in 2002 after it bought Enron Wind, a company that helped pioneer the art of renewable-energy rent-seeking.)

NextEra Energy, the largest wind-energy producer in the U.S., has received about 50 grants and tax credits from local, state, and federal entities as well as federal loans and loan guarantees worth $5.5 billion.

That’s more than what the veteran crony capitalist Elon Musk has garnered. Last year the Los Angeles Times’s Jerry Hirsch reported that Musk’s companies — Tesla Motors, Solar City, and Space Exploration Technologies — have collected subsidies worth $4.9 billion. NextEra’s haul is also more than what was collected by such energy giants as BP ($315 million) and Chevron ($2.2 billion).

About $6.8 billion in subsidies, loans, and loan guarantees went to foreign corporations, including Iberdrola, Siemens, and E.On. Those three companies, and five other foreign companies, have seats on AWEA’s board of directors.

Many of the companies on the AWEA board will be collecting even more federal subsidies over the next few years. In December, the Congressional Joint Committee on Taxation estimated that the latest renewal of the production tax credit will cost U.S. taxpayers about $3.1 billion per year from now until 2019. That subsidy pays wind-energy companies $23 for each megawatt-hour of electricity they produce.

That’s an astounding level of subsidy. In 2014 and 2015, according to the Energy Information Administration, during times of peak demand, the average wholesale price of electricity was about $50 per megawatt-hour.

Last winter in Texas, peak wholesale electricity prices averaged $21 per megawatt hour. Thus, on the national level, wind-energy subsidies are worth nearly half the cost of wholesale power, and in the Texas market, those subsidies can actually exceed the wholesale price of electricity.

Of course, wind-energy boosters like to claim that the oil-and-gas sector gets favorable tax treatment, too. That may be so, but those tax advantages are tiny when compared with the federal gravy being ladled on wind companies.

Recall that the production tax credit is $23 per megawatt-hour. A megawatt-hour of electricity contains 3.4 million Btu. That means wind-energy producers are getting a subsidy of $6.76 per million Btu. The current spot price of natural gas is about $2.40 per million Btu. Thus, on an energy-equivalent basis, wind energy’s subsidy is nearly three times the current market price of natural gas.

MidAmerican Energy Company, a subsidiary of Berkshire Hathaway, has a seat on AWEA’s board. Berkshire’s subsidy total: $1.5 billion — and it’s primed to collect lots more.

In April, the company announced plans to spend $3.6 billion on wind projects in Iowa. Two years ago, Berkshire’s CEO, Warren Buffett, explained why his companies are in the wind business. “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them,” he said. “They don’t make sense without the tax credit.”

Keep in mind that the $176 billion figure in wind-energy subsidies is a minimum number. It counts only subsidies given to companies on AWEA’s board.

Not counted are subsidies handed out to companies like Google, which got part of a $490 million federal cash grant for investing in an Oregon wind project. Nor does it include the $1.5 billion in subsidies given to SunEdison, the now-bankrupt company that used to have a seat on AWEA’s board. (To download the full list of subsidies garnered by AWEA’s board members, click here.)

Nor does that figure include federal money given to J. P. Morgan and Bank of America, both of which have a seat on AWEA’s board. The two banks received federal loans or loan guarantees worth $1.29 trillion and $3.49 trillion, respectively.

In an e-mail, Phil Mattera, the research director for Good Jobs First, told me that the loan and loan-guarantee figures for the banks include the federal bailout package known as the Troubled Asset Relief Program as well as “programs instituted by the Federal Reserve in the wake of the financial meltdown.”

When all of the subsidies, loans, and loan guarantees given to the companies on AWEA’s board are counted, the grand total comes to a staggering $5.1 trillion.

According to Wikipedia, crony capitalism “may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.” Wind-energy companies are getting favoritism on every count.

The U.S. Fish and Wildlife Service wants to give those companies permits allowing them to legally kill bald and golden eagles with their turbines for up to 30 years.

The industry is getting grants, tax breaks, and loans worth billions. And thanks to federal mandates like the Clean Power Plan and state renewable-energy requirements — nearly all of which are predicated on the specious claim that paving vast swaths of the countryside with wind turbines is going to save us from catastrophic climate change — the industry is surfing a wave of state interventionism.

AWEA’s Kiernan likely has it right. In a country where having a profitable business increasingly requires getting favors from government, the U.S. wind industry is definitely a “success.”
National Review

other peoples money