Tuesday, 9 April 2013

How green is wind power?

'Wind companies are not owned and operated by idealistic entrepreneurs. They are run by some of Canada's, and the world's, biggest corporations, including pipeline and pulp and paper companies.

Wind contracts are flipped like other financial instruments. NextEra, the outfit that cut down the eagle's nest, is the largest generator of wind and solar power in North America. Because of a lucrative U.S. tax break for wind power, the company has paid no U.S. corporate income tax for several years, despite billions in profits. Big Wind is among the biggest lobbyists in Washington.'
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