Tuesday, January 7, 2014

Lessons from New York’s phony green bank

On December 19, 2013, New York Governor Andrew Cuomo’s office quietly issued a press release announcing that $210 million in initial funding was being poured into something called the “New York Green Bank.” The governor’s spin doctors insisted that this endeavor was a “bold, new market oriented approach to accelerate clean energy deployment, create jobs, and help make our communities more resilient and sustainable.”
Uh huh.  Continue...

1 comment:

Anonymous said...

It didn't take long for the "other shoe to drop"

Cuomo and his energy policymakers are committed to promoting renewable energy in New York. Without the PTC it would be nearly impossible.

This "green Bank" is nothing more than a NY taxpayer subsidy created to help replace the loss of the federal subsidy.

New Yorkers will rue the day they ever elected Andrew Cuomo.