A leading magazine covering energy issues gives The Heritage Foundation’s Nicolas Loris credit for moving energy policy in a more free-market direction.
Energy & Environment Daily reports (subscribers only) on the fate of proposals to extend federal subsidies for wind energy:
But Baucus could face an uphill battle in convincing House Republican conferees to add the tax extenders to a payroll tax-cut bill, if the conservative Heritage Foundation has anything to say about it. Nick Loris, an energy policy analyst at the think tank influential with many in the Republican caucus, yesterday slammed Brownback and Branstad’s letter as equivalent to endorsing subsidies for outmoded VHS tapes.
A study cited by the governors that letting the wind credit expire would lead to nearly 50 percent fewer wind-energy jobs, Loris wrote in a blog post, “means two things: 1.) The subsidy has been artificially propping up jobs in the industry and shifted labor and capital away from other, more productive sectors of the economy; and 2.) Wind can compete without subsidies and the industry won’t entirely disappear.”
Heritage’s dogged opposition to federal support for an array of energy-sector benefits was a contributing factor behind one senior House Republican’s recent decision to put aside his legislative efforts to direct a no-bid federal contract to a uranium re-enrichment company that would create jobs in his home state (E&ENews PM, Jan. 19).
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