Tag Archives: “Build Back Better” plan
Biden’s Offshore Wind Farm Target Will Increase Costs, Reduce Reliability
Congress passed the first temporary production tax credit for wind in 1992 and extended it 13 times since then. The Democrat’s reconciliation package contains about $235 billion in incentives for wind and solar,,, The reconciliation package Build Back Better would make the PTC and investment tax credit direct payments, instead of a tax credit against any taxes owed. That is, renewable energy developers would receive a check from the government for the subsidy. Further, solar, which has long qualified for an investment tax credit but not the production tax credit available to wind, would now qualify for both. The legislation would also restore the PTC and ITC to their original values as follows: >click to read< 14:41
No Matter How One Connects the ‘Green Energy’ Dots, America Needs Pebble’s Copper
If President Biden sees electric vehicles in everyone’s future, he ironically will have to rely on copper mines to get there. Consider the current bipartisan infrastructure package, a $1.2 trillion mishmash of boondoggles and eco-centric priorities ostensibly designed to alleviate the “climate crisis,”,, If the $1.2 trillion infrastructure package doesn’t grind your gears, the accompanying $3.5 trillion budget bill surely will. This monstrosity includes another laundry list of ‘green energy’ projects and demand. The simple fact is for every one of those projects, priorities, regulations, jobs and traditional energy transition plans, America will need to have copper. And it just so happens that my home state of Alaska has plenty of copper to support those initiatives, if Biden would just move forward with the Pebble Mine Project. By Rick Whitbeck >click to read< 13:54
