Sunday, February 9, 2014

Thomas Pyle On Problems With Green Energy

See Green energy handouts hurt Alabama. Thomas Pyle is the President of the American Energy Alliance.
"According to a new report by CBS News, the federal government has lavished the green energy and technology industry with at least $150 billion in taxpayer money in recent years."

"Even where it hasn’t fizzled, green energy’s economic impact hasn’t been that bright. According to a comprehensive study recently released by a team of Spanish academics, each new “green job” costs the rest of the economy 2.2 other jobs because of the necessary subsidies. More damning is their finding that each “green” megawatt of energy destroys an average of over 5 jobs, with each solar-powered megawatt eliminating nearly 9 jobs and each wind-powered megawatt costing over 4 jobs."

"All of this information directly bears on the question of Wind PTC and Alabama. This handout gives wind electricity producers a lucrative taxpayer funded subsidy of 50 to 75 percent of wind’s wholesale electricity costs. Even then, electricity from new wind facilities still costs at least 30 percent more than conventionally generated electricity according to the Department of Energy."

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