Arnold Schwarzenegger Wants to Terminate Oil-Company Subsidies
From his op-ed in today’s Washington Post:
More energy from the sun hits Earth in one hour than all the energy consumed on our planet in an entire year.
In those terms, it is absurd that our federal government spends tens of billions of dollars annually subsidizing the oil industry, which pulls diminishing resources from underground, while the industry focused above ground on wind, solar and other renewable energies is derided in Washington.
Federal support for development of new energy sources is lower today than at any other point in U.S. history, and our government is forcing the clean-energy sector into a competitive disadvantage. To bring true competition to the energy market, ensure our national security and create jobs here rather than in China or elsewhere, we must level the playing field for renewable energies. In this presidential primary, Americans need to hear where the candidates stand on this critical issue.
Don’t get me wrong — we should not demonize fossil fuels. For more than 200 years, the United States has rightly invested in developing new sources of energy. From the land grants for timber and coal in the 1800s to the tax expenditures for oil and gas in the early 20th century to the investment in developing nuclear energy, support for energy innovation has always helped drive America’s growth.
Of course, The disgraced governator is an expert on creating jobs through solar energy. Here he is, in fact, at the groundbreaking of the new Solyndra plant in Northern California!
The rest of his op-ed here.