The truth about the great wind power fraud
The first rule about the ‘inevitable’ wind and solar transition is ‘you do not talk about the subsidies’. The second rule about the world’s greatest economic and environmental scam is ‘you DO NOT talk about the subsidies’. Because, once people understand that, without the subsidies, the so-called wind and solar ‘industries’ would disappear in a […]
Profiteering wind and solar rent-seekers have only one real fear in the electricity market: actual competition. Claims from renewable energy profiteers that wind and solar are truly competitive with nuclear, coal or gas evaporate the instant policymakers start talking about removing subsidies to wind and solar. Back in 1983 the American Wind Industry Association claimed […]
Texans suffering weather-caused power supply shortages might well query the $66 billion that’s already been squandered on the unreliables, $22 billion of which has been directly pocketed as subsidies by the wind and solar industries, with plenty more coming their way. Robert Bryce takes a look at where power-starved Texan taxpayers’ dollars are being directed. […]
As soon as the subsidies for wind and solar dry up, so does the investment in generating capacity, proving the point that neither wind nor solar can survive for very long without guaranteed, government-mandated support; whether in the form of Production Tax Credits, Renewable Energy Certificates or penalties and fines laid on retailers if they […]
Back in 1983 the American Wind Industry Association claimed that solar and wind would be “competitive and self-supporting on a national level by the end of the decade if assisted by tax credits and augmented by federally sponsored R&D”. That was over 37 years ago. And there was no lack of assistance in the form […]
After Texas’s big freeze exposed wind and solar as total failures, the wind and solar cult have been left licking their wounds. Although, to their credit, they have active despite their injured feelings, viciously blaming everything except the 5G network for the mass blackouts that followed total collapses in wind and solar output. The hard […]
Identifying the full value of subsidies to wind and solar, has been like a game of hide and seek. Whether it’s renewable energy certificates, production tax credits, preferential access to the power grid, over-the-market government guaranteed contracts, or the hidden costs of the cash penalties attached to government mandates and targets, the wind and solar […]
Enron is synonymous with fake financials and wholesale fraud, but its gaming of the Californian power market set the tone for every crony capitalist wind and solar generator, who’s raped and pillaged, ever since. The story was laid out in the documentary The Smartest Guys In The Room. Back then, Enron’s traders would wait […]
Warren Buffett said: “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” Buffett might have continued, that subsidies are the only reason anyone invests in these things. Buffett might be an opportunistic profiteer, but at least […]
America’s renewable energy rent seekers sought to snare $billions from Trump’s $2 trillion coronavirus stimulus and failed. Now they’re back with a vengeance, and hard at it again. The wind and solar ‘industries’ have always exhibited their very own gobsmacking version of audacity. But, with America facing an economic calamity of a magnitude not seen […]
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