IER’s Patrick Creighton discusses the Obama Administration’s latest corporate handout to the renewable energy industry. On January 8, President Obama announced $2.3 billion in “clean energy technology” tax credits which he claims will create 17K “green” jobs and spur an additional $5.4 investment from the private sector.
Correction: Creighton stated, “The Energy Information Administration predicts that in 2050 we’ll still be dependent on fossil energy for over 75% of our energy needs.” The year should be 2035, we apologize for any confusion.
IER comments on the story here: http://ow.ly/VM4c
