Even better, be merciful to the taxpayers and cut the throat of the parasitic industry. The solar industry is in a panic because the Green New Deal scam has been exposed and is dying. Mass bankruptcies are on the horizon. Because, as we all know, it’s been a scam all along. Wind and solar sound good when you’re sitting around and passing a joint or you’re supplementing power in a single home, but they do not scale up and they cost more than you’re going to get in return. And, ultimately, both solar and wind are harder on the environment and wildlife than fossil fuels. They’re also a great place to shuffle money around and to look virtuous while grifting.
Because what they refer to as ‘clean energy’ just isn’t clean. And it’s not self-sustaining.
(Zero Hedge)—It’s no secret that progressive billionaire elites, their dark money-funded NGOs, far-left lawmakers, and legacy corporate media orchestrated one of the most elaborate propaganda campaigns in recent memory—weaponizing the narrative of an imminent “climate crisis” to ram through green legislation on Capitol Hill. The result? A massive heist on the Treasury, all under the noble guise of saving the planet.
It’s almost as if the “climate crisis” only dominated headlines when Democrats needed political cover to push green legislation through Capitol Hill …
Now, the darker side of the green scam is coming into focus. Reuters reported earlier this week that a draft tax bill released by Senate Finance Committee Chair Mike Crapo (R-Idaho) proposes an accelerated phaseout of clean energy subsidies established under the Biden-Harris regime’s 2022 Inflation Reduction Act. Specifically, the legislation would significantly dial back solar and wind tax credits to 60% of their original value starting in 2026, with complete elimination by 2028. Under current law, these credits are scheduled to begin phasing out in 2032, meaning the proposal would effectively shorten the incentive window.
Crapo stated in a press release that this draft bill “achieves significant savings by slashing Green New Deal spending and targeting waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.”
Slashing clean energy tax credits, essentially the lifeline of the green industry, would unleash a tsunami of bankruptcies across the sector. Think of Solyndra’s high-profile collapse under the Obama administration in 2011—but multiplied many times over.
Read the rest at:
https://thelibertydaily.com/real-distress-hits-solar-industry-as-bankruptcy-tsunami/
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