Why are Fossil Fuel Interests and Utilities Attacking Clean Energy? Fossil fuel and utility interests, concerned about the rise of cheap clean energy, are financing attacks on pro-clean energy policies, in an effort to delay the growth of a market competitor. The price of a solar panel has dropped more than 60% since early 2011, and the price of wind power is down by more than 50% in the past four years. Approximately 29% of the power added in 2013 in the United States was solar energy. But, special interests tied to the fossil fuel and utility industries are spreading disinformation about the cost of clean energy. The Koch Brothers and their allies want to continue selling as much coal, oil, and gas as possible — and in their effort to rollback clean energy policies, are spreading falsehoods about the energy market. Why would Koch Industries and other fossil fuel interests want to make clean energy seem expensive? Because they have a financial interest in squashing the market for clean energy. Furthermore, these attacks on pro-clean energy policies are not about creating free markets as opponents of clean energy policies, like the State Policy Network (SPN) and the American Legislative Exchange Council (ALEC), claim. Its about manipulating markets to benefit their allies (and financiers) in the fossil fuel business:
Posted on: Mon, 08 Dec 2014 04:04:52 +0000
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