$950M In Wind Subsidies Give Taxpayers Shaky Returns: Study

Law360, New York (December 2, 2013, 5:31 PM EST) -- Taxpayers in five states that produce little to no wind energy paid more than $950 million in 2012 federal wind production tax subsidies, according to a think tank study released Monday, which concluded the tax subsidies give no real benefit to many states.

The Institute for Energy Research found that New York, New Jersey, California, Florida and Ohio residents each paid an average of more than $190 million in 2012 to subsidize wind energy production under the federal wind production tax credit, while only a fraction...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.