The truth about the great wind power fraud
STT has likened it to the great corporate Ponzi schemes, pointing out, just once or twice, that the wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the wind […]
**** Remember all those stories about the wind industry providing millions of groovy, well-paid ‘green’ jobs – as secure as Fort Knox? No? Sure, you’ll hear mention of loads of promised wind industry jobs – in fictional retellings from wind industry spruikers – as they wail about dreaded ‘uncertainty’ – causing bankers to baulk and […]
**** The great wind power fraud is in meltdown around the globe. In the US, ‘wind power’ states have cut their state based subsidies to wind power outfits (or are well on the path of doing so); and Republicans are out to prevent the extension of the Federal government’s PTC wind power subsidy: 2015: the […]
**** Any ‘business’ model or industry that is built around endless streams of government mandated subsidies – like Australia’s REC Tax/Subsidy or the US’s Production Tax Credit – pins its hopes of long-term survival on the whims of our political betters, which tend to ebb and flow with the economics that dictate the fortunes of […]
**** Americans have had enough: enough of the wind industry’s constant bleating for ‘special’ treatment; enough of its dogged efforts to permanently maintain noise standards that are little more than a sick joke; and enough of its constant demands for subsidies that will – to keep the Ponzi scheme afloat – need to outlast religion. […]
**** This time last year, we took a look at the States in the US where $billions filched from power consumers and taxpayers have been thrown at wind power outfits, as a massive, and seemingly endless, stream of subsidies; and the skyrocketing power prices that have been the result: Want skyrocketing power prices? Just add […]
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