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A recent Utility Dive article examines how the wind industry might cope without the wind Production Tax Credit (PTC), which is designated to expire in five years. The wind PTC is a subsidy that pays wind producers a significant sum just for producing wind energy. The Institute for Energy Research (IER) has outlined the ill […]
Today, multimillionaire presidential candidate Hillary Rodham Clinton held a “grassroots event” with billionaire investor Warren Buffett. The subject was tax reform, one Buffett knows well. The Berkshire Hathaway CEO owns a sprawling enterprise of businesses employing an army of lobbyists and accountants to exploit opportunities to make money at taxpayer expense. Buffett does not hide […]
WASHINGTON — American Energy Alliance President Thomas Pyle issued the following statement after presidential candidate Donald Trump came out in support of wind subsidies: “Donald Trump’s new position in support of wind subsidies is an obvious pander to Big Wind and their lobbyists. Mr. Trump seems to know that wind power doesn’t make sense, and won’t […]
This week, Reps. Kenny Marchant and Mike Pompeo introduced H.R. 1901, a bill to eliminate the wind Production Tax Credit (PTC).This legislation has several important provisions. First, it repeals the inflation adjustment, which would save taxpayers approximately 35% for the reminder of the ten-year window. It slightly adjusts and tightens the “beginning of construction” language […]
Last week, the U.S. Energy Department released a report on the future of America’s wind industry. The report, Wind Vision, offers a lofty goal: wind energy could supply 35 percent of U.S. electricity by 2050 (for context, wind currently supplies 4.5 percent and coal is our largest electricity source at 39 percent). At nearly 300 pages, […]
WASHINGTON — American Energy Alliance President Thomas Pyle issued the following statement on the Senate approving an extension of the wind Production Tax Credit (PTC): “Christmas came early for wind industry lobbyists courtesy of the United States Congress. By passing a retroactive extension of the wind Production Tax Credit, Congress is taking money out of […]
American Energy Alliance President Thomas Pyle published an op-ed today for the Las Vegas Review-Journal titled “It’s time for wind tax credit to get blown away.” The text of the op-ed follows: Lame-duck Senate Majority Leader Harry Reid soon will lose control of a chamber he has helmed for eight years. As the sun sets on his reign, one […]
When Congress returns for the start of the lame duck session this week, they will discuss whether to approve a retroactive extension of the expired Production Tax Credit (PTC), which primarily benefits foreign and domestic wind companies. For a host of reasons, they shouldn’t. Most importantly, they shouldn’t because the PTC is inextricably linked to […]
The American Energy Alliance has joined today with 65 other organizations from across the nation in opposition to the wind production tax credit (PTC). The coalition released a letter today ahead of the upcoming lame duck session, urging Speaker Boehner and Senate Minority Leader McConnell to reject any attempt to revive the wind PTC, specifically […]
In a recent speech, former U.K. Environment Secretary Owen Paterson compared the U.K.’s Climate Change Act to the policies of the infamous Sheriff of Nottingham in the story of Robin Hood: “It amazes me that our last three energy secretaries, Ed Miliband, Chris Huhne and Ed Davey, have merrily presided over the single most regressive […]