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Relevance | DateExxonMobil at ALEC: Bring Back Lee Raymond!
By Robert Bradley Jr. -- December 14, 2017 2 Comments“We in the petroleum industry are not dismissing the global climate change issue. But I don’t believe anyone should have the moral authority to deny people the opportunity to improve their way in life by arbitrarily depriving them of the means…. I hope that the governments of this region will work with us to resist policies that could strangle economic growth.”
– Lee Raymond, CEO, ExxonMobil (2010) [1]
Think Progress (the successor to the Joe Romm-founded Climate Progress at the Center for American Progress) published a recent piece by Mark Hand, “Industry Opposition Leads ALEC to Withdraw Anti-Climate Resolution,” subtitled “Right-wing lobbying group fails to pass resolution targeting EPA finding.”
Some excerpts from Hand’s piece follow:
… Continue ReadingA secretive right-wing lobbying group failed to pass a resolution this week that called upon the Environmental Protection Agency (EPA) to withdraw its 2009 finding that greenhouse gases are endangering the planet.
Energy Tax Preferences: Rid Them All (2013 Cato letter to House working group revisited)
By Robert Bradley Jr. -- December 12, 2017 No Comments“Energy tax preferences represent governmental intervention in markets; they are designed to direct private investment away from some activities to activities favored by the tax preference(s).”
” … tax preferences represent the government’s attempt to take resources from some parties in the energy sector and reallocate them to other parties in the energy sector.”
” … the best remedy for excessive corporate income tax burdens is a direct reform of the corporate income tax. Targeted tax preferences to moderate industry tax burdens are a poor way to address the problem.”
– Jerry Taylor and Peter Van Doren, Letter to Energy Energy Tax Reform Working Group, House Ways and Means Committee [chair: Kevin Brady (R-Texas)], April 15, 2013.
Several years ago, Jerry Taylor and Peter Van Doren of the Cato Institute wrote a tax policy missive to the Energy Tax Reform Working Group of the House Ways and Means Committee.
Wind Cronyism at the Crossroads: Time to Weigh In
By Robert Bradley Jr. -- December 11, 2017 3 Comments“After 25-years of subsidy-driven financing of renewable energy, Main Street Americans are now taxed billions annually so the richest Wall Street bankers and corporations can avoid their tax burden by funneling money to big wind development.”
“We support the House provision to remove the PTC inflation adjustment. Retaining the 2.4¢/kwh subsidy in light of lower installation costs and increased production confers a bounty on big wind that far exceeds what 1992 lawmakers could ever have envisioned.”
– Linowes letter to lawmakers (below)
With the Energy Policy Act of 1992, a substantial tax credit has gone wind’s way. A quarter-century and many extensions later, this gravy train is at risk of being partly derailed.
It’s about time.
While conferees will reconcile the House and Senate versions of the tax bill this week, it appears that a haircut will happen to industrial wind power via the Production Tax Credit (reduced amount, stricter calculation).…
Continue ReadingEnergy & Environmental Newsletter: November 27, 2017
By John Droz, Jr. -- November 27, 2017 1 CommentThe Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).
A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.
Some of the more important articles in this issue are:
Wind and Solar Power Advance, but Carbon Refuses to Retreat
Wind & Solar are Less Efficient Decarbonizers than CC Gas Turbines
Maine DEP Issues Draft Wind Energy Rules (two VERY good parts)
Grid-Scale Storage of Renewable Energy: The Impossible Dream
Tesla battery production releases as much CO2 as 8 years of gasoline driving
Report by head of German Wildlife Foundation: Truly Green?…
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