Warren Buffett and China's Goldwind

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.

http://www.windpowermonthly.com/article/1432921/goldwind-project-fi...

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.”

https://www.ft.com/content/9c690e44-c1d2-11e4-abb3-00144feab7de#slide0

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Comment by Eskutassis on May 9, 2017 at 6:56pm

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. 

Comment by Donna Amrita Davidge on May 9, 2017 at 5:42pm
So creepy

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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