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Molokai cheers as US Senate kills windfarm tax credit 

Credit:  Hawaii Free Press, www.hawaiifreepress.com 15 March 2012 ~~

News Release from I Aloha Molokai, March 15, 2012

In a big victory for the people of Hawaii, our environment, and all American taxpayers, the U.S. Senate this week killed the Production Tax Credit for industrial wind factories. This corporate subsidy, a major contributor to America’s enormous budget deficits and the cause of environmentally destructive wind projects in many states, was long overdue for defeat.

Also defeated was the notorious Section 1603, which gave industrial wind developers 30% of their total budget as an up-front cash grant. Called “pocket money” this shameful subsidy guaranteed Big Wind developers more than $1 billion before they even start work.

Here in Hawaii, HECO and Governor Abercrombie continue to push Big Wind against growing popular opposition. But the PTC defeat will make their sales pitch much harder. Without these subsidies, wind factories no longer look more attractive to investors than solar or geothermal, as even industry spokesmen will admit.

Without these subsidies, Hawaiian officials and communities should be able to consider alternative energy projects on their own merits. Everyone should now be able to see that covering Molokai and Lanai with giant wind turbines and blasting cables through fragile marine habitat is neither wise nor necessary.

We will continue our efforts until the threat of industrial wind factories covering Molokai and Lanai is removed, and we send out A BIG MAHALO to all those, here and on the mainland, who worked to defeat this legislation.

Kanohowailuku Helm

PRESIDENT – I ALOHA MOLOKAI

Source:  Hawaii Free Press, www.hawaiifreepress.com 15 March 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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