Friday, January 4, 2013

BP “pleased” with federal wind tax credit extension



The extension of the federal wind energy production tax credit will allow developers to move forward with their renewable energy projects, including the proposed Cape Vincent Wind Farm, according to BP Wind Energy.
“We are pleased that Congress passed the common sense extension of the PTC (production tax credit). This will allow wind energy developers to move forward with plans for new projects in 2013, while providing an opportunity to discuss ideas on the proper role of the PTC moving forward,” BP spokeswoman Amanda Abbott said in an email to the Times.


4 comments:

Anonymous said...

Well, 96% of Cape Vincent's citizens are NOT pleased. However, BP's 124-turbine disaster plan for Cape Vincent won't see a nickel of funding from this extension of the PTC because BP won't be done with Article 10 in time to qualify. BP is more interested in an extension of the PTC give-away in 2014, but don't count your chickens, Amanda, until they're hatched.

Anonymous said...

In every other wind project BP has built in the USA (about 15 of them)they have been largely welcome by the host community.

That is unequivocally not the case for this project in Cape Vincent and Lyme. Yet BP persists in pretending that they are welcome.

They skew the truth. They deny the truth. They utterly disregard all the several economic and environmental respects in which their project would harm the 1000 Islands Region.

You have to ask, "Why?" Is chasing after some tax credits worth it to British Petroleum? Must be. Only one thing is clear. They don't give a damn about you and your homes. Do you?

Anonymous said...

"...it's going to become harder to avoid some form of tax reform and spending discipline that considers all energy subsidies in the context of their direct costs and indirect revenues. I'll be surprised if the current subsidies for renewables can escape again without major adjustments to reduce their high effective cost per unit of energy produced and increase their long-term bang for the buck.
Geoffrey Styles, Energy Outlook

Anonymous said...

I am a bleeding heart liberal. I love money being given away to the needy - like farmers and other welfare recipients.

But the tax credits that go to Bp and leaseholders destroy other peoples' home life and home values.

That is not what liberal welfare is supposed to be about.