Schwarzenegger calls for level energy playing field
President Obama meets with Arnold Schwarzenegger, then governor of California, at Solyndra's construction site in Fremont, Calif., in May 2010. (Credit: Official White House Photo by Pete Souza)
The Washington Post recently featured a noteworthy opinion article from former California Gov. Arnold Schwarzenegger (R) concerning market distortions in government treatment of energy sources and calling for a level playing field. Highlights:
- While "support for energy innovation has always helped drive America’s growth ... [w]hen the oil, gas and nuclear industries were forming, federal support for those energies totaled as much as 1 percent of federal spending. Subsidies available to the renewables industry today are just one-tenth of 1 percent."
- "If our goal is to encourage competition in the energy marketplace, then the conversation in Congress shouldn’t be about attacking green energy or cutting all oil subsidies. The conversation should be about leveling the playing field so that renewables are bound by the same rules as fossil fuels."
- The "green sector" of California's economy has grown dramatically, more than 10 times faster than any other sector, since 2005. Concludes Mr. Schwarzenegger, "Nurturing the green-tech sector was the right thing for me to do as governor, and it is the right thing for the federal government to do."
More reading: http://www.awea.org