My latest article just published here at The Commentator.
Here's a taster:
The simple fact is, harnessing the power of the elements has always attracted the ‘romantic’ in us. Unfortunately, romantic notions and our fancies about harnessing ‘free’ wind and sun power have little to do with hard-nosed energy and economic realities. Just ask ‘Mr Green Energy’ Al Gore. Sure on the face of it, he’s a leader of the new green romantics – except of course when it comes to real world business deals. Gore made $100 million from the US government’s investment in green energy – just before dumping his green shares when the government gravy train showed signs of derailing.
Whether its ripping off the public purse with false claims or suspending one’s moral principles to pursue personal enrichment, corruption breeds corruption, including criminal corruption.
In Italy the guaranteed rake-off from Italy’s generous wind power and green energy regime has, since 2009, increasingly attracted Mafia involvement. After shaking down farmers to gain title to their lands, ‘legitimate’ Mafia operators then bid for EU wind subsidies buying off any political opposition.
Okay, so most wind entrepreneurs aren’t the Sopranos. But ‘incentivized’ corruption of the ‘social levy’ element of wind power has had its day. The wind industry must stand on its own feet in the free marketplace or, in the parlance of a ‘Greenfellas’ movie, be blown away in the attempt.