Oracle of Omaha or Parasite of the Public Trough?
The investment for the Rattlesnake project came from MidAmerican Wind Tax Equity Holdings, a subsidiary of Warren Buffet's Berkshire Hathaway Energy, and US lender Citi..............
Halligan said Goldwind "safe-harboured" 1GW of equipment in the US before the end of 2016.
This means the company has firm orders for at least 5% of the 1GW and has contracts for options to buy the remainder. It allows buyers tp qualify for the full Production Tax Credit, which is being phased out over five years.
An earlier quote from Mr. Buffett:
“I will do anything that is basically covered by the law to reduce Berkshire’s tax rate,” Mr Buffett told Fortune magazine last year. “For example, on wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”
Buffett is showing his NWO investment strategy. End the tax credits and the subsidies and the wind industry dries up. These people are leeches on our society and economy and if they want to buy wind turbines, they should buy AMERICAN. This is above contemptible and make me sick.
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