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Hoku Corporation Message Board

  • beasleyjack17 beasleyjack17 Sep 10, 2011 12:39 PM Flag

    Solar will go nowhere

    You might not want to know, unless you’re an oil executive. When it comes to program-axing, clean energy and environmental spending is at the top of the GOP’s list. Among the proposals are a $1.6 billion slash in the EPA’s budget, a cancellation of the high-speed rail project, and a massive cut in the Energy Department’s efficiency and renewable energy programs.

    Notably absent is any mention of reducing subsidies for fossil fuels. Apparently, taxpayers will keep donating $4 billion a year to oil and gas companies, in the form of deductions and tax loopholes. Last year, the New York Times reported that tax breaks are available “at virtually every stage” of the exploration and extraction process. For example, BP wrote off 70 percent of the Deepwater Horizon’s rent– more than $225,000 a day.

    According to the Tea Party congressmen, clean energy and EPA funding must be cut to preserve the free market (never mind protecting people). In the words of Fred Upton, chairman of the Energy and Commerce Committee, “You don’t subsidize different forms of power — you let the market run on its own.” Okay, so let’s stop subsidizing oil and coal. But no, it seems that funding fossil fuels is actually good for the economy because it safeguards American jobs. Meanwhile, the EPA’s greenhouse gas registry, which collects data on industrial emissions, is part of a “radical anti-jobs agenda.”

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