The estimable Tim Carney explains what’s wrong with T. Boone Pickens’ public relations campaign to replace foreign oil with natural gas and windpower. Fine. Let Pickens undertake his “plan” as a business proposition, says Carney. But why should taxpayers provide the “incentives” (i.e. credits and subsidies) to finance his company’s investments in a wind farm in the Texas Panhandle? CRC’s August Foundation Watch examines Al Gore’s competing plan. It too depends on government policymaking to benefit private companies and investors.
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