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Google invests $200M in Texas wind farm

50 pointsby akosover 12 years ago

5 comments

tokenadultover 12 years ago
Just another way that government subsidies help the rich get richer.<p>AFTER EDIT: Yes, I see the downvote, and I'm willing to discuss the facts with you. Do you seriously think Google or anybody would invest in that wind farm without serious government incentives behind the investment? And if the tax-policy-favored investment is in a high-capital physical plant like a wind farm, isn't that an investment that's not easy to make for investors who have little capital? A big wind farm is inherently linked into the power grid, and doesn't help you or me get off the grid.<p>Some sources that prompt my curiosity about these policies:<p><a href="http://www.nytimes.com/2011/11/12/business/energy-environment/a-cornucopia-of-help-for-renewable-energy.html" rel="nofollow">http://www.nytimes.com/2011/11/12/business/energy-environmen...</a><p><a href="http://money.cnn.com/2012/03/07/news/economy/energy-subsidies/index.htm" rel="nofollow">http://money.cnn.com/2012/03/07/news/economy/energy-subsidie...</a><p><a href="http://www.economist.com/node/21556904" rel="nofollow">http://www.economist.com/node/21556904</a><p><a href="http://www.economist.com/debate/overview/217" rel="nofollow">http://www.economist.com/debate/overview/217</a><p><a href="http://online.wsj.com/article/SB10000872396390443659204577575203384685874.html" rel="nofollow">http://online.wsj.com/article/SB1000087239639044365920457757...</a><p><a href="http://online.wsj.com/article/SB10000872396390444032404578008183300454400.html" rel="nofollow">http://online.wsj.com/article/SB1000087239639044403240457800...</a><p>For balance, critiques of other government subsidies for other industries (surely disfavored by Google):<p><a href="http://www.scientificamerican.com/article.cfm?id=making-renewable-energies-competitive" rel="nofollow">http://www.scientificamerican.com/article.cfm?id=making-rene...</a><p><a href="http://www.businessweek.com/articles/2012-10-21/when-it-comes-to-government-subsidies-dirty-energy-still-cleans-up" rel="nofollow">http://www.businessweek.com/articles/2012-10-21/when-it-come...</a>
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jayfuerstenbergover 12 years ago
Motives aside, I'm glad to see more power coming from solar and wind.
andrewfelixover 12 years ago
These guys are really betting against dirty energy.<p>Google could eventually become the Rockefeller of renewable energy.
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JoshHenryKatzover 12 years ago
Vertical integration at its finest.
bifftannenover 12 years ago
Please don't invest money in this hellhole.