The wind energy sector spent big-time money in 2012 to protect its federal tax credits, lobbying disclosure reports released this week show.
Congress extended wind energy tax credits worth billions of dollars in the last-minute deal hammered out by Congress to avoid the fiscal cliff, a move decried by free market organizations as “corporate welfare.”
A wind energy tax credit championed by President Barack Obama will benefit financially a group of large American corporations that have donated overwhelmingly to Democratic candidates and committees.
The scandal-ridden wind energy project co-founded by liberal “independent” Maine senate candidate Angus King received more than $33 million in cash under the 1603 program of the economic stimulus in June, according to the U.S. Treasury.
Just days after the Export-Import Bank approved a multi-million dollar federal loan guarantee to benefit a mostly foreign-based wind-energy outfit, the company pink-slipped more than 200 American workers.
Energy Secretary Steven Chu wants to extend a wind production tax credit that will benefit firms like Ingeteam, a Spain-based energy conglomerate.
Government officials are extending the length of federal permits allowing businessmen in the renewable-energy sector to unintentionally kill protected birds for 30 years.
On Thursday, President Obama will tout the benefits of wind energy in front of a facility owned by a manufacturer with ties to his administration.