cloudy
Friday May 25th, 2018 2:54AM

Oklahoma pulling up red carpet offered to wind industry

By The Associated Press
Related Articles
  Contact Editor

OKLAHOMA CITY (AP) — A battle is shaping up at Oklahoma's Capitol over the burgeoning wind industry that is facing fierce opposition from some oil-and-gas leaders and critics who say the state has been too generous with incentives. Oklahoma rolled out the red carpet for the industry more than a decade ago with subsidies that now cost the state tens of millions of dollars each year.

Now those subsidies have all been ended, but there is still a push to impose a new production tax on wind energy and maybe even cap previously promised incentives.

Supporters of wind say the state is going back on its word and threatening an industry that has proven to be beneficial to the state, offering a new revenue stream for landowners and local school districts.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Industries, AP Business - Utilities
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Heading home, Pence asserts unity on pressuring North Korea
Vice President Mike Pence insists there's "no daylight" between the U.S., South Korea and Japan on the need to keep the pressure on North Korea
11:12AM ( 9 minutes ago )
OxyContin maker will stop promoting opioids to doctors
Purdue Pharma, which has made billions from the pain drug OxyContin, said it will stop promoting opioid pain drugs to doctors
11:07AM ( 14 minutes ago )
Igloos built by migrants warm hearts in Italian Alps village
Igloos offer hope to Italian village that fell hard times, immigrants from Africa who helped build them
10:57AM ( 24 minutes ago )
Associated Press (AP)
Lobbying expenses spiked as Congress shaped tax overhaul
Money spent on lobbying by corporations, trade groups and special interests spiked during the final three months of 2017 as they battled for the biggest breaks possible in the most dramatic tax overhaul in decades
9:38AM ( 1 hour ago )
Lobbying expenses spiked as Congress shaped tax code rewrite
Money spent on lobbying by corporations, trade groups and special interests spiked during the final three months of 2017 as they battled for the biggest breaks possible in the most dramatic tax overhaul in decades
9:37AM ( 1 hour ago )
Will stock plunge hurt US economy? Depends how long it lasts
Plummeting stock market seems unlikely to slow US economy _ unless it rages on
9:36AM ( 1 hour ago )
AP Business
US stocks swing back to gains, Dow up 330 on turbulent day
Wall Street caps day of wild swings with a rally; Dow climbs 330 points
9:07PM ( 14 hours ago )
US stocks struggle to stabilize after entering 'correction'
Stocks struggle to stabilize in unsteady trading after marked enters 'correction'
3:35PM ( 19 hours ago )
Risking Israeli dispute, Lebanon signs deal with 3 oil firms
Lebanon has signed a deal with an international consortium to start exploratory offshore drilling for oil and gas in what the country hopes will help its struggling economy
1:11PM ( 22 hours ago )
AP Business - Industries
For US in Syria, end game gets murkier as IS shrinks
The closer the U.S. gets to its original goal in Syria of stamping out the Islamic State group, the murkier the end game becomes
5:22PM ( 1 day ago )
Venezuela election could trigger deeper sanctions, exiles
Analysts say the Venezuelan government decision to plow ahead with presidential elections amid a deepening crisis risks spurring international sanctions targeting the country's oil exports
4:44PM ( 1 day ago )
Dow industrials drop another 1,000 points as selling spreads
Stocks plunged again, sending the Dow industrials down 1,000 points, as investors continued to get out of the market after signs of rising inflation last week.
4:37PM ( 1 day ago )
AP Business - Utilities
Heading home, Pence asserts unity on pressuring North Korea
Vice President Mike Pence insists there's "no daylight" between the U.S., South Korea and Japan on the need to keep the pressure on North Korea
11:12AM ( 9 minutes ago )
OxyContin maker will stop promoting opioids to doctors
Purdue Pharma, which has made billions from the pain drug OxyContin, said it will stop promoting opioid pain drugs to doctors
11:07AM ( 14 minutes ago )
Igloos built by migrants warm hearts in Italian Alps village
Igloos offer hope to Italian village that fell hard times, immigrants from Africa who helped build them
10:57AM ( 24 minutes ago )
Pennsylvania race to test how tax law plays with voters
A Pennsylvania congressional race offers an early test of Democrats' and Republicans' arguments over the new tax law
10:54AM ( 28 minutes ago )
Bengals cheerleader and husband launch golf cart transit
An entrepreneurial couple has teed off a new way of getting to downtown Cincinnati entertainment spots: golf cart rides
10:51AM ( 30 minutes ago )