09 Mar '12, 2pm

WSJ Fails on U.S. Energy Policy, Energy Metrics, & Wind Energy

WSJ Fails on U.S. Energy Policy, Energy Metrics, & Wind Energy

by Richard Caperton and Stephen Lacey The Wall Street Journal released another error-riddled editorial against the wind industry this week calling for an end to the production tax credit. The piece is so bad — and features such a broad range of spin and inaccuracies — it deserves a special, point-by-point debunk. The WSJ starts off by incorrectly describing how renewable energy tax credits work, almost immediately destroying editorial credibility: Congress finally ended decades of tax credits for ethanol in December, a small triumph for taxpayers. Now comes another test as the wind-power industry lobbies for a $7 billion renewal of its production tax credit. The renewable energy tax credit—mostly for wind and solar power—started in 1992 as a “temporary” benefit for an infant industry. Firstly, the production tax credit is not used for solar power — and it never has. Solar ...

Full article: http://cleantechnica.com/2012/03/09/wsj-fails-on-u-s-ener...

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Important Votes in U.S. Senate for Wind & Solar Energy (Take Action): Filed under: Energy News

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