Oklahoma Ends Wind Subsidy Despite Generous Tax Breaks for Fossil Fuel Industry
Under the new legislation, wind farms that start producing energy after July 1 will not be able to claim the state's "zero emission tax credit" program. The credit was originally set to expire in January 2021.
Fallin acknowledged that the program, which pushed claims from $3.7 million in 2010 to $113 million in 2014, helped Oklahoma become the third-largest producer of wind power in the country. However, the Republican governor noted that the state's estimated $868 million budget shortfall necessitated the phaseout of wind incentives.
"The zero emissions tax credit was key to the growth of wind energy in Oklahoma, and I'm grateful to the industry for their ambitious successes, as well as their willingness to work with the state to address our challenging budgetary circumstances," Fallin said. "It is time to ensure that Oklahoma has a bright future, and continues its position as a prominent energy state."
The measure appeared to have support from the wind industry itself. Jeffrey Clark, president of The Wind Coalition, told The Oklahoman that the incentives have been "incredibly beneficial, but we remain the first and only industry to offer to phase out its incentives."
But Fallin and state lawmakers have been criticized for keeping generous tax breaks in place for the oil and gas industry while squeezing other public services such as school funding during the budget crisis.
As the Associated Press reported:
Even then, the revenue generated by wind facilities won't "move the needle very much on the state budget," said Dr. Stephen Stadler, a board member of the Oklahoma Renewable Energy Council. He said lawmakers should roll back other tax credits and incentives, including generous subsidies provided to the oil and natural gas industry.
"Can we afford those subsidies?" he asked. "Things are not even. It's not a level playing field."
Oklahoma's wind subsidies are dwarfed by subsidies to the oil and gas industry, David Blatt from the Oklahoma Policy Institute pointed out.
"The estimates of the cost of subsidies for wind producers vary, but we do know they are substantially less than the $400 million to $600 million cost of subsidies for oil and gas," Blatt wrote.
"This industry was incentivized sufficiently to now be a major player in the Oklahoma energy industry, and a major winner of now-unnecessary incentives," the budget read.
By Brett Wilkins
One hundred seconds to midnight. That's how close humanity is to the apocalypse, and it's as close as the world has ever been, according to Wednesday's annual announcement from the Bulletin of the Atomic Scientists, a group that has been running its "Doomsday Clock" since the early years of the nuclear age in 1947.
EcoWatch Daily Newsletter
- Scientists Discover New Population of Endangered Blue Whales ... ›
- Endangered Blue Whales Make 'Unprecedented' Comeback to ... ›
- Endangered North Atlantic Right Whale Calves Spotted Off Coast ... ›
- Only 366 Endangered Right Whales Are Alive: New NOAA Report ... ›
By Yoram Vodovotz and Michael Parkinson
The majority of Americans are stressed, sleep-deprived and overweight and suffer from largely preventable lifestyle diseases such as heart disease, cancer, stroke and diabetes. Being overweight or obese contributes to the 50% of adults who suffer high blood pressure, 10% with diabetes and additional 35% with pre-diabetes. And the costs are unaffordable and growing. About 90% of the nearly $4 trillion Americans spend annually for health care in the U.S. is for chronic diseases and mental health conditions. But there are new lifestyle "medicines" that are free that doctors could be prescribing for all their patients.
Taking an unconventional approach to conduct the largest-ever poll on climate change, the United Nations' Development Program and the University of Oxford surveyed 1.2 million people across 50 countries from October to December of 2020 through ads distributed in mobile gaming apps.
- Guardian/Vice Poll Finds Most 2020 Voters Favor Climate Action ... ›
- Climate Change Seen as Top Threat in Global Survey - EcoWatch ›
- The U.S. Has More Climate Deniers Than Any Other Wealthy Nation ... ›
By Tara Lohan
Fall used to be the time when millions of monarch butterflies in North America would journey upwards of 2,000 miles to warmer winter habitat.
A monarch butterfly caterpillar feeds on common milkweed on Poplar Island in Maryland. Photo: Will Parson/Chesapeake Bay Program, (CC BY-NC 2.0)