Green energy lobby claimed for decades that wind & solar subsidies would be temporary — BUT 50 years later, we’re told that ending taxpayer handouts means the certain death to industry — despite hundreds of billions already handed out

That’s what almost every news outlet is saying about the Senate tax plan. ABC News worries that the plan will “crush wind and solar power.” The Financial Times warns that the GOP bill “delivers a fatal blow” to wind energy.

On Capitol Hill, Oregon Senator Ron Wyden raged that the Republican plan “is a death sentence for wind and solar production” and “a massacre for the industry.”

We find the hypocrisy here to be towering. The green energy lobby has been telling us for decades now that wind and solar are the energy sources of the future and that the federal subsidies will be temporary and profitability is “right around the corner.”

Now 50 years later, we’re told that ending the gravy train of taxpayer handouts means the certain death and destruction of the industry. This is despite hundreds of billions already handed out. Now the industry wants nearly $500 billion of subsidies over the next decade – or 20 times more than the oil and gas industry will receive.

Our view is that any industry that will fail without pipelining hundreds of billions of tax dollars into its coffers is an industry that we can live without.