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    Baucus Continues Losing Streak with Energy Tax Reform Draft

    Chairman of the Senate Finance Committee Max Baucus (D–MT) released a draft bill to reform the way the tax code treats energy. This latest draft reform plan misses the mark, just like his earlier efforts on international tax and depreciation did. Baucus claims that his plan would stop the tax … More

    Wind Power: Only When the Wind Blows and the Subsidies Flow

    Wind turbines produce power only when the wind is blowing. But perhaps more importantly, wind production builds only when the subsidies are flowing. The wind industry is experiencing slow growth through the first half of the year and blaming uncertainty over a massive subsidy as a reason why. Alex Guillen … More

    Great Green Fleet = Big Red Ink

    It seems that Washington has a mandate, subsidy, or loan program for every bad idea. Today’s example is military biofuels. Just this spring, the Defense Department issued another multimillion-dollar set of contracts for firms to develop refineries whose biofuels, in theory, would not be that much more expensive than conventional … More

    Renewable Fuels: Raze the Maize Mandate

    Senators John Barrasso (R–WY), Mark Pryor (D–AR), and Pat Toomey (R–PA) introduced a bill today to repeal the Renewable Fuel Standard (RFS). Efforts in the House to do likewise are underway. The problem with the RFS isn’t corn or farmers or ethanol. The problem is that it is bad governance, … More

    Offshore Wind: The New Math

    The Bureau of Ocean Energy and Management (BOEM) recently provided some statistics on NRG’s Bluewater Wind project off the coast of New Jersey that show what a bad deal this project will be for taxpayers and consumers. NRG paid about $24,000 to lease 96,000 acres, which works out to about … More

    Garbage Collecting a Green Job? According to Government, Yes!

    The Bureau of Labor Statistics (BLS) released yet another green jobs report that has green advocates gushing in ways they couldn’t if they actually read past the first page. As we have noted (here, here, here, and here), the BLS definition of green jobs is so bizarre that the total … More

    DOE Grant Recipient Fleeces Taxpayers to Benefit Green Investors

    Solar Mosaic, a solar microfinancing outfit that received a $2 million Department of Energy (DOE) grant last summer and exploits a 30 percent federal tax credit, officially launched its crowd-sourced investment platform last week. Acknowledging that the microfinancing (financial services for small projects or businesses) model employed by Solar Mosaic … More

    Why Wind Power Has Low Economic Value

    Michael Goggin, manager of transmission policy at the American Wind Energy Association (AWEA), posted a second response to my report “Wind Intermittency and the Production Tax Credit: A High Cost Subsidy for Low Value Power.” As before, Goggin does not respond to my analysis, leaving my main point unanswered. In … More

    Solyndra-Linked Executive to Lead Pentagon's Advanced Tech Agency

    A venture capital executive with ties to defunct solar company Solyndra has been hired as the new chief of the Defense Department program heading up the Pentagon’s renewable energy push. Arati Prabhakar, a former partner at U.S. Venture Partners, a Silicon Valley-based venture capital firm that backed Solyndra, has been … More

    Nine Companies Financed by Liberal VC Firm Get Taxpayer Backing

    Scribe has reported extensively on the tendency of large government spending projects to reward the politically connected. It’s a virtual constant of federal interventions in the market, and perhaps nowhere is it more evident than in the Obama administration’s “green jobs” push. Writing on National Review Online today, I detail … More