Green Energy Investments Levy Safety on Taxpayers

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Environmentalism seems to spawn corruption and cronyism on both sides of the Atlantic, according to John Hinderaker of Power Line blog. He provides an excerpt from the Daily Mail, which reports on its three-month investigation of renewable energy corruption on the other side of the pond.

Environmentalism seems to spawn corruption and cronyism on both sides of the Atlantic, according to John Hinderaker of Power Line blog. He provides an excerpt from the Daily Mail, which reports on the paper’s three-month investigation of renewable energy corruption on the other side of the pond. It found a web of conflicting interest cronies and individuals getting rich off green levies. Hinderaker highlights how these taxes undergird green energy, making it safer for investors. He concludes:

“Of course cronyism is ‘unusually safe.’ If you have to actually compete by producing energy at the lowest price, all kinds of things can go wrong. But if you can get in with the government, so that legislation requires everyone to pay extra for your product whether they want to or not, your investment is ‘unusually safe.’ This is what cronyism–a polite word for corruption–is all about. It is the principal purpose of the modern environmental movement.”

Are Kemper and KiOR two cases in point?

>>Source: Hinderaker, John. “The Environmental Movement: How Corrupt Is It?Power Line. 15 Dec. 2013.

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