How Wind Power Subsidies Destroy Both Electricity Markets & Economies

STOP THESE THINGS

industrial-decline-2 Brought to you by wind power.

****

Around the globe, the wind industry behaves like an enormous, bloodsucking leech – latching onto power consumers and taxpayers; and ever ready to drain its hosts dry and leave nothing but empty shells behind.

In Australia, those soon to be empty shells will include what’s left of our manufacturing industries; mineral processors and the tens of thousands of families that cannot afford power now – and the thousands more who will soon join them sitting freezing (or boiling) in the dark (see our posts here and here).

Australian businesses and families are all set to be pounded by the entirely unsustainable Large-Scale Renewable Energy Target (LRET), which is designed to see more than $50 billion filched from power consumers (as a Federal Tax) and transferred to wind power generators (as a mandated subsidy) over the remaining life of the LRET (see…

View original post 3,742 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s