The answer is complicated. The solution shouldn't be. Gov. Abbott and Texas Legislature...
These are solar panels at the Alamo 6 Solar Farm in Pecos County, Texas built by San Antonio-based OCI Solar Power.Roughly 15 years after derricks at the Spindletop oil field first rained black gold in southeast Texas at the turn of the 20th century, a different spigot began flowing: a fire hose of taxpayer dollars into the coffers of oil companies.immediately deduct related costs
Somewhere along the way, the notion of special treatment emerged. Critics began to claim that renewables — those darlings of the Left — were being showered with unfair government advantages that skewed the energy playing field and made it harder for oil and gas to compete. That thinking recently led Gov. Greg Abbott to suggest that Texasfrom the newest version of the popular"Chapter 313" tax break program.
, to say nothing of the environmental and public health costs from carbon pollution that companies usually don't pay.conservative-leaning think tank Texas Public Policy Foundation from 2018 — the most recent analysis of its kind — found that the state doled out roughly $1.8 billion in direct subsidies for oil and gas compared with $1 billion for wind and only $19 million for solar between 2010-2019. Even if you consider the $976 million subsidy provided to build transmission lines to deliver wind power from West Texas to big cities, just one subsidy cutting taxes on gas wells that are hard to develop costs Texas taxpayers $1 billion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ACLU of Texas Appeals Conviction of North Texas ProtestersThree North Texas protesters convicted over a 2020 demonstration are getting help from the ACLU of Texas.
Read more »
Editorial: This bill would devastate the city’s budgetIt’s become a Texas tradition for lawmakers to try to take a wrecking ball to municipal finances.
Read more »
Generative AI and Interesting Engineering's policy on its editorial useGenerative AI is the only show in town at the moment. The try-it-yourself immediacy of these new tools means that they have captured the public imagination, and digital publishers have been no exception.
Read more »
Trump’s felony arrest leaves him dazed and accused (Editorial)Trump arrest on 34 felonies leaves former president dazed and accused (Editorial)
Read more »
Bed Bath & Beyond's business model: Treat workers as worthless merch | EditorialThere are 1,300 new job-seekers today, and they're under the gun
Read more »
Editorial: Trump gets a sobering comeuppance, courtesy of the rule of lawFrom the Editorial Board: If Trump’s bravado and extravagant disdain for consequences had motivated his supporters to risk their lives and livelihoods to follow his lead on Jan. 6, 2021, here was the counterpoint and, let’s hope, the cautionary tale.
Read more »