Oklahoma Gov. Mary Fallin’s executive budget proposal, released this week, seeks to set the nation’s highest tax on wind power and phase out tax incentives for the wind industry ahead of schedule.
The budget proposes a .5 cent per kilowatt-hour on wind energy – five times the wind tax in Wyoming, which along with South Dakota are the only states that tax wind energy – and accelerates the end of a tax credit, currently set to expire in 2021.
A separate piece of legislation seeking an early end to wind tax credits is currently working its way through the House. The Oklahoman reported last year that state fossil fuel executives, including Trump advisor Harold Hamm, had formed a coalition to lobby for the end of wind tax credits in the state.
“Creating a less competitive energy environment via taxation only hurts consumers while reducing the competitiveness of one of Oklahoma’s most viable industries,” said Jeff Clark, executive director of The Wind Coalition, told NewsOK. “Raising electricity rates and ending the state’s commitment to renewables also drives away needed investment in Oklahoma by manufacturing and high-technology facilities, who also provide jobs and pay taxes.”
Get the fossil fuels out of climate policymaking:
Get NationofChange in your inbox
Independent reporting every weekday. No paywall, no advertisers, no corporate owner. Free, and you can unsubscribe whenever you like.
Subscribe freeYour gift is being matched, up to $2,000.
A member of the NationofChange board is matching every contribution to our summer drive, dollar for dollar, until the $2,000 is used up or the drive ends on 24 August. We take no advertising money and answer to no corporate owner. The article you just read was paid for by readers, and right now what they give counts twice.
COMMENTS