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|Subject: Re: 25% renewable energy by 2025||Date: 10/11/2012 3:24 PM|
|Author: fleg9bo||Number: 122497 of 131289|
The system of green subsidies isn't sustainable....
Oregon, California and other states are struggling under the weight of huge green-energy subsidies on strained public budgets. Oregon’s subsidies have exploded, and are expected to cost the state nearly $300 million this biennium alone.
Perhaps a little off-topic, but I thought this was interesting in that it illuminates the possiblity of corruption in so-called green practices:
IRS says 'tax avoidance' at heart of Solyndra bankruptcy plan
The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC's bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes. "The undeniable conclusion is that tax benefits drive this plan," attorneys for the IRS wrote in a bankruptcy pleading.
Taxpayers are on the hook for more than a half-billion dollars after the company filed for bankruptcy last year, just two years after winning a loa