Community Corner
Koch Bros. Still Trying to Break Wind
The Koch Brothers Are Still Trying to Break Wind
Huffington Post 12/19/13"As Congress dithers for the umpteenth time over extending a key subsidy for wind energy, the industry once again is up in the air. Called the production tax credit (PTC), the subsidy helps level the playing field between wind and fossil fuels and has proven to be critical for financing new projects, helping to make wind one of the fastest growing electricity sources in the country. Given the planet needs to transition as quickly as possible away from coal and natural gas to carbon-free energy to avoid the worst consequences of climate change, who would be against renewing wind's tax credit?
The Koch brothers, that's who.
Charles G. and David H. Koch -- the billionaire owners of the coal, oil and gas Koch Industries conglomerate -- have enlisted their extensive network of think tanks, advocacy groups and friends on Capitol Hill to spearhead a campaign to pull the plug on the PTC. Never mind the fact that the oil and gas industry has averaged four times what the wind tax credit is worth in federal tax breaks and subsidies annually for the last 95 years."
Read the full story, by Elliott Negin, director of news and commentary at the Union of Concerned Scientists. http://www.huffingtonpost.com/elliott-negin/the-koch-brothers-are-sti_b_4396033.html
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