20 May '11, 8pm

Forget Big Oil Subsidies, Let's Cut Them for Wind Energy

Just one day after Republicans blocked attempts in the Senate to eliminate subsidies for big oil , Senator Lamar Alexander (R-TN) wants to instead cut subsidies for the wind industry. At a Senate Appropriations hearing on the Dept of Energy (DOE) budget, he said that he would consider cutting support for all energy sources, including wind. Over the next 10 years, the wind industry is slated to receive $27 billion in tax breaks, while the biggest oil companies would get $21 billion. He said, "To continue to subsidize over the long-term a mature industry isn't appropriate." That's correct. Big oil is most definitely a "mature" industry. While the wind industry is the most mature of the renewable energy sectors, its growth still rises and falls based on government support. Over the past couple of years the US wind industry has suffered, reaching its lowest growth levels in ye...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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