There would be no Green Energy Industry if there were no Green Energy Subsidies

Posted by PITHOCRATES - March 15th, 2014

Week in Review

Green energy investments are a horrible investment.  The only reason why anyone is building green energy projects is because of taxpayer subsidies.  If you take away the subsidies the green energy industry is just going to stop building these bad energy projects.  Which is what’s happening now (see Here Are The 10 Best States For Clean Energy Jobs In 2013 by Aaron Tilley posted 3/12/2014 on Forbes).

Clean energy investments had it rough in 2013, and US job growth in that sector is having a bit of trouble too.

That’s at least according to evidence in a new report out today from Environmental Entrepreneurs (E2),an environmental advocacy organization for businesses. While the clean energy industry made plans to add an additional 78,000 new jobs at 260 projects in 2013, that’s a 30% dip from the 110,000 job announcements in the previous year. (E2 has only been tracking clean energy job growth for the past two years…)

The biggest reason for the 30% drop in job growth over last year is due to ongoing regulatory uncertainty around federal tax credits and state renewable energy mandates, says E2 communications director Bob Keefe. Congress let the generous tax credits the wind energy industry had enjoyed for more than two decades expire in December–and it looks unlikely they’ll be reinstated in 2014. And four major energy efficiency tax credits and initiatives expired at the end of last year too. On top of that, several states, including North Carolina and Kansas, have attempted to roll back mandates on renewable energy requirements for their utility grids.

If anyone bemoans a cut in government spending in some government program don’t blame the Republicans.  Blame the Democrats.  And their green energy cronies.  The Democrats are taking money away from other programs to pay for these white elephants just so they and their crony friends can get rich.

These projects cost a fortune to build.  And the return on investment just isn’t there.  Which is why it takes hundreds of millions in taxpayer subsidies to build them.  That’s a lot of money to spend when these projects accomplish nothing. They don’t allow us to shut down one coal-fired power plant.  Because we’ll need those coal-fired power plants to provide electric power when the sun doesn’t shine and when the wind doesn’t blow.  And they take up so much real estate that they’re displacing wildlife from their natural habitat.  While wind farms are hacking American Bald Eagles and other birds to death.  So they’re not helping the environment.

And they’re not improving the reliability of our electric power.  Or lowering the cost.  Every time they shut down a coal-fired power plant they increase our electric bills.  And increase the brownouts and blackouts we have to endure when we have to rely on less reliable power that costs more (we have to pay more for our electric power to pay for those subsidies) than the more reliable power.  This is our government when Democrats are in power.  And just imagine how they will run our health care.  Who do you think they’ll make rich?  And how much will they increase our health care costs?  While giving us an inferior health care system?  It’s going to happen.  Because that’s what happens when Democrats are in power.

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