The year 2012 marks a monumental yet depressing milestone for the wind energy industry: 20 years of tax credits. The federal renewable energy production tax credit, which allows wind producers to take a 30 percent investment tax credit or receive a 2.2-cents-per-kilowatt-hour production tax credit, has been around since 1992. …
Solyndra’s bankruptcy has put federal spending for green projects under the microscope—and rightly so. Green jobs programs have been a profoundly wasteful use of taxpayers’ money and are doing more harm to the economy than helping it. They don’t even provide the promised grand environmental benefits. It’s important to keep …
Last week, Solyndra became the third solar company in recent weeks to go belly-up, but the Fremont-based solar manufacturer made the most noise—because it lost more than a half a billion dollars in taxpayer money. Solyndra received one of the first stimulus loan guarantees, a $535 million loan. During a …
Video chat rooms at Ustream The Bloggers Briefing is a weekly policy discussion hosted by The Heritage Foundation. You can watch the live feed (above) via Ustream.tv beginning at noon today. We have three guests speaking at today’s briefing: Cal Dooley, president of the American Chemistry Council, will discuss how the …
Randall Stilley has witnessed firsthand the Obama administration’s job-killing agenda. As the president and chief executive of Seahawk Drilling, he had to lay off 632 employees before filing for bankruptcy — a direct result of President Barack Obama’s anti-energy policies. Stilley’s company owned and operated 20 shallow-water rigs in the …
With cap and trade out of the realm of possibilities, Members of Congress have turned their attention to mandating so-called clean energy. Some Members hoped for a lame duck vote on a renewable electricity standard (RES), which would require that a certain percentage of our nation’s electricity production come from …
