Mitt Romney Confirms He Would End US Wind Power Subsidies
Mitt Romney and Barack Obama draw up battle lines over US wind farm tax credits.
Mitt Romney looks set to declare war on America’s wind energy industry, further emphasising the dividing line between the presumptive Republican presidential candidate and President Barack Obama on energy issues.
Romney’s campaign confirmed this week he wants to end long-standing tax credits for wind farm projects when the incentives come up for review later this year.
The pledge means the popular production tax credits (PTCs) – which have helped drive a surge in new wind energy investment in the US, making it the second largest wind energy market in the world after China – would be allowed to expire at the end of this year if the Republicans secure the White House in November.
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