T. Boone Pickens Places $2 Billion Bet On Democratic Congress
The Associated Press says Texas oilman T. Boone Pickens is stepping up his ongoing efforts to get his $2 billion wind-turbine business off the ground — including an acknowledgment that his investment relies on federal tax incentive to survive.
“We are making Pampa the wind capital of the world,” Pickens says, referring to the Panhandle headquarters of his Mesa Power firm. “I believe that Congress will recognize that it is critical not only to this project, but to renewable energy in this country, that they enact a long-term extension of the production tax credits.”
Posted on May 16, 2008 – 1:38 pm by APR
2 Responses to “T. Boone Pickens Places $2 Billion Bet On Democratic Congress”
Pickens is a classic Republican hypocrite. He gives big money to GOP candidates that preach small government and then steer big public subsidies to his private business.
By El Jefe on May 16, 2008
One does not get rich by turning down free money.
With oil costing so much, windmills should build themselves. But Capitalism is complicated, I know, and Mr. Pickens probably needs some of my paycheck to help America.
By Schlomo on May 20, 2008