EU energy chiefs: Taxpayer cash is king

March 19, 2009

Today’s Financial Times features a headline that reads,

Energy chiefs urge action on carbon

And what do you think that action might be? Reducing fossil fuel use? Increased wind power? What?

The FT reported,

The chief executives’ demands include the speedy release of subsidies for carbon capture and storage, incentives to build new grid connections…[Emphasis added]

As always in the case of rent-seekers, cash (from taxpayers) is king.

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