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tax breaks

Cape Wind Scrambling to Meet Deadline to Qualify for $780 Million Taxpayer Gift

December 28, 2013 by Rod Adams

Wind Energy and Tax Breaks

Cape Wind is the leading offshore wind energy project in the United States. In 2001, more than 12 years ago, Jim Gordon, the project founder, started the process of promoting his vision of a building a 430 MWe (peak capacity) field of 130 massive turbines.[read more]

U.S. taxpayers paid BP to lease Deepwater Horizon rig — which was incorporated in a foreign country for the purpose of avoiding the U.S. corporate tax - BP's tax deduction was "more than $225,000 a day"

July 5, 2010 by Joseph Romm

Transocean, the company that owns the failed Deepwater Horizon rig that caused the Gulf oil spill, used well-known tax havens in the Cayman Islands and Switzerland to lower its U.S. corporate tax rate by almost 15 points. And, as TP reports, due to a break in the U.S. tax code, BP was also allowed to write off the rent it paid to...[read more]

Take Advantage of Energy Efficiency Tax Credits Before it's Too Late

November 9, 2009 by Peter Troast

The American Recovery and Reinvestment Act - "the stimulus package" to us common folk - includes a slew of economic incentives for homeowners looking to save money by making their homes more energy efficient.    But the clock is ticking: the 2009 deadline for energy efficiency improvements eligible for the tax credit is...[read more]

About That $72 Billion Subsidy

September 21, 2009 by Robert Rapier

I am going to be pretty busy for the next few days, and probably won't be able to put up anything new until at least mid-week. Until then, over the past few days there have been a lot of headlines about a recently released study from the Environmental Law Institute. The study concluded that over the past seven years, fossil fuels have...[read more]