Wednesday, November 3, 2010

The Election and Energy

With the recent elections, the Wall Street Journal posted an article about how candidates are stating how they don't support renewable energy funding in their campaigns. Because they are doing that, it seems like its actually winning them votes. 

From the Wall Street Journal:
"At least a dozen ads portray stimulus spending on wind power or renewable energy as an example of waste. Another dozen or more allege the stimulus sent jobs overseas to China.  None explicitly calls for ending the tax breaks for the wind-power industry once they expire this year, but the wind association fears the criticism will make them harder to renew."

The wind energy industry companies are afraid of this year's congress. They are afraid that they are going to lose funding and tax credits. This has a big impact on the renewable energy industry. The first step to making wind energy popular is government funding and support. 

2 comments:

  1. In the recent election government spending was treated as one of the main issues of contention. Sadly, spending on the green initiative was seen as one of these frivolous spending adventures. In effect, it seems money for the green initiative supported by government could possibly dry up in the foreseeable future.

    ReplyDelete