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34 Comments
- hankmt, on 06/20/2008, -3/+17Renewable projects are very different from traditional power projects in that they require massive initial investment, but very little continuous investment. A coal power plant may be less expensive to build, but has to buy fuel every day for it's whole life.
Wind and Solar, on the other hand, pretty much produce free power once they're built, the only cost being maintenance. It turns out that the financing of the projects (paying interest on the loans) is actually the biggest recurring cost. And since banks aren't really used to financing projects like this, they still see them as risky.
Thus, any small reduction in the initial cost becomes worth a great deal to the companies building them. These really are subsidies that are designed to change the landscape, and make renewables competitive to the the point that they won't need subsidies anymore.
Unlike the massive oil and gas subsidies that are designed to keep prices artificially low, but just end up going into the pockets of the CEOs.
Which would you rather? - ZenMojo, on 06/20/2008, -1/+10GE owns NBC. NBC is an affiliate of MSNBC. MSNBC has two leftist television hosts. Ergo, this is all just propaganda. Hell, they even turned their logo green.
/sarcasm - RawCoyote, on 06/20/2008, -1/+7I would much rather throw my tax dollars at GE and other companies seeking alternative solutions than continuing with tax credits to the oil companies who are enjoying record profits in the history of the world. The oil mafia pretty much owns our politicians.
- Berkana, on 06/20/2008, -1/+6The two idiotic excuses the anti-environmental politicians give for not extending tax credits swing back and forth between:
"If it needs tax credits, it can't stand on its own legs, and shouldn't be supported." (Funny they never said the same for nuclear power, nor oil, which grew mature on subsidies and tax credits, nor for fusion power, which has sunk tens of billions, but still has not yielded anything useful.)
so, after failing to subsidize home grown renewable technology, they bitch and complain when we try to adopt clean tech from Germany or Denmark or Spain or Israel, saying that they would "rather spend the billions on American coal or nuclear than on foreign clean tech", which we wouldn't be looking at if we had supported home grown clean tech industries. What a shame. - lostlyrics, on 06/20/2008, -0/+3yeah and windows only for renting
as bill gates of chAos dreams btw.
--- *tic tic tic*
--- let's privatize let's privatize let's privatize the air
--- (are you gonna buy them share?)
the user is the internet.
websites should pay for visits, poor dear. - captainmage1966, on 06/21/2008, -0/+2I guess this is part of the big long con . GE owns lots of carbon credits that they need to sell . It is amazing to me that the best way to save the world is pay more taxes or excuse me buy carbon credits from the kind of wonderful GE corp .
- phreak79, on 06/21/2008, -0/+2Are you seriously suggesting that a company the size of GE doesn't have the capital to fund these projects without subsidies? For what it's worth I don't agree with subsidies for oil companies either, but lets face it, two wrongs don't make a right.
- ShrikeDeCil, on 06/21/2008, -0/+2Record profits being 8 percent.
Yes, it's an outrageously large lump of cash. No, I'm not happy about it. But the 'record levels' is sort of an ongoing self-fulfilling prophecy. More people in the middle-class -> more energy use -> higher gross sales of any energy related product. The alternative energy projects of all stripes are also finding investors and sales more easily. - martoq, on 06/21/2008, -1/+3Lets dig for more oil that's the best solution definitely!
- Yez70, on 06/21/2008, -0/+2Look up what '/sarcasm' means.
- beauley, on 06/23/2008, -0/+1With Global Warming on many people's minds, do we have any ideas of the best way to lessen the impact on our future, or maybe a possible relief of its possible ravages or even a possible key to its eventual reversal. Many scientific experts have proposed
http://www.quazen.com/Science/Technology/Solar-Pow ...
Solar Power, Source of Endless Energy - wazzledoozle2, on 06/21/2008, -0/+1Socialism != leftism
Especially in China's case. - RedPhalanx, on 06/21/2008, -1/+2I concur. The problem is tax credits- when you offer then, the guys with the biggest lobbies win, and the rest suffer due to government-enforced anti-competition.
The solution is to abolish the notion of Government support/control/whatever term you want to use in energy affairs. If the market where to decide, we'd be looking at much cleaner and cheaper energy today. - Berkana, on 06/21/2008, -1/+2By the way, left ≠ green. Some of the world's worst environmental offenders have been nations which have had leftist revolutions. (China, Russia, etc.)
GE is a big business, and caters to the right or to the left depending on what will make it money. - Berkana, on 06/21/2008, -1/+2By that reasoning, every channel with a right-wing television host would be reporting nothing but propaganda. Hmmm. . . oh, yeah, they sold us the Iraq war without asking the tough questions. Never mind.
Who the hell are the "leftist" television hosts? (Don't you dare say Olbermann; criticizing the right wing for its abuses does not make one a "leftist". If you think otherwise, please go look up what "leftist" means, 'cause Olbermann is by no means a leftist.) - lostlyrics, on 06/21/2008, -0/+1interesting ...
a hybrid or pure electric ?
yeah after all those japanese, super 0:)
- or, is haiku a korean built in license ?
fair lake, moon sparkle
four wings above one shadow
rise on solar wind ... (lostLyrics) - Ioncannon, on 06/21/2008, -0/+1I just found out GE makes the nuclear reactors to the United State's submarines! Holy Crap! http://en.wikipedia.org/wiki/S9G_reactor I thought they were a fridge company!
- Berkana, on 06/21/2008, -0/+1But the playing field isn't level, and hasn't been for a long time, and industries such as utility level clean electricity need support at the level of government intervention to succeed. If we don't support it here, we'll just end up buying foreign alternative energy technology which was raised with government support elsewhere. Suddenly abolishing any government help one way or another won't undo the damage; corrective action needs to be taken.
- lostlyrics, on 06/22/2008, -0/+1subsidies are effectively public investment.
they should be temporary and aim at a gain.
japan spent 80 billions in one year of the 80s
to narrow the gap to hitec video technology ...
it sure paid back by (successful-)industry tax
as well in all employment sectors, also here
in germany, very important for countries that
depend on export. we could certainly buy coal
shipped from australia cheaper including the
possibly hazardous transport (isn't it crazy?)
but some subsidies to enhance mining skills
still utilize huge natural resources at a reduced
level while keeping our miners at the world tops.
of course I dismay companies which got taxe$
for once a good resaon, but then try to shape
their advantage in concrete - here it's the big
electricity providers who got kinda monopoly
devided in regions so they were able to plan
securely when after ww2 loads of investments
were needed to build up the power grid ...
if the trade would have worked in a public sense,
end of 70s at the latest they should have started
to pay back by investing in alternative energy then.
but there's a conflict of interests. effective energy
is regulary produced in de-centralized processes
that slowly undermine the desired central power,
a brimming oxymoron in the globalization game.
who killed the electric car ?
maybe an electric tank was subsided instead ? - RedPhalanx, on 06/21/2008, -0/+1I'll say Olbermann, since he has endorsed Obama. I think that qualifies him as "leftist". I don't consider that bad, inasmuch as I consider a "right-wing" host bad. It's how they let their personal bias spin the news that determines the best hosts.
Olbermann criticizes the Bush admin. because it's right wing (they deserves it, but still.) Wait until 2009 and watch him turn a blind eye to what Obama does. - TedTschopp, on 06/21/2008, -0/+1ok, so I'm a Right Wing guy who thinks the President should be impeached for spying on Americans, and who wants to see Obama win the White House cause we need to hit a rather large reset button to make the republicans head back to their roots. Politics isn't a simple zero sum game. Its about direction.
- warner341, on 06/22/2008, -0/+1GE makes or owns the companies that make a lot of things you use and probably don't realize. GE builds most of the worlds jet engines, builds wind turbines and solar panels, makes home appliances, is in the health technology and banking business. They also own NBC and who knows what else.
- RedPhalanx, on 06/21/2008, -0/+1I'm a "right-wing guy" myself, and we concurr on impeachment, etc. But voting Obama sends the wrong message to the GOP. Better vote, if only this once, outside either party (Barr, Baldwin, Nader, etc) to SHOW, literally what direction the GOP/Nation need to take.
When the president claims a "mandate" to do whatever he wants with 49%, who knows what Obama would do with over, say 55%?
I don't particularly like Barr, but i'll bite the bullet this Nov. because the GOP and Dems couldn't put anyone up worth anything. - synthaxx, on 06/20/2008, -3/+3Just like the war in Iraq (was supposed to).
- lostlyrics, on 06/20/2008, -1/+1he would not even drive a car,
taking cloaked subsidies for oil,
like military and uhm intelligence
in account - or tasteless tv ads. - korr, on 06/21/2008, -2/+2Actually GE is already the #1 recipient of tax breaks and federal contracts/subsidy.
They build weapons and are one of the biggest polluters in the 20th century. Why don't we get them to clean up the Hudson (or any of the other environmental disasters they're responsible for) before we pay them to monopolize the next generation of energy?
(psst: GE mostly donates to Republicans, but they like giving $$$ to Reid, Daschle, Obama too) War and mostly fake environmentalism - its called calculating risk and dominating the political range. - superkendall, on 06/20/2008, -2/+1If that was meant to be a Haiku - Epic Fail
- smoothmann, on 06/20/2008, -2/+1Gay Elephants?
- vtbarrera, on 02/03/2009, -7/+5I don't know about this. GE hasn't exactly been working for the eco-friendly all that long.
- gogog0, on 06/20/2008, -5/+1oboy games digg, bury this submission unless you want to go back to the olden days when a group of submitters accounted for all of the front page stories
- phreak79, on 06/20/2008, -8/+4Nice bit of protectionist rhetoric there. It's interesting that GE use the argument that the tax credits will pay for themselves, but presumably the renewable projects they're building won't pay for themselves or they wouldn't need the tax break in the first place.
- BigManOnCampus, on 06/20/2008, -7/+1wtf? lol...
renewable tax credits pay for themselves!! ahahahaha!! - bj7777, on 06/20/2008, -7/+1GE? genetically engineered? lol
- inactive, on 06/20/2008, -11/+0No they should start taxing internet use. Not too much but something like 10 cents for each site you visit. This would solve many of the US's problems.
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