Oregon exceptionally generous with green-energy subsidies

Oregon taxpayers are shelling out tens of millions of dollars to subsidize green energy projects, making the state a magnet for solar and wind companies.

But an investigation by The Oregonian shows that the money also is going to risky ventures with questionable environmental benefits and to prosperous companies that need no incentives but are cashing in anyway.

When the Legislature convenes next week, Gov. Ted Kulongoski will call on lawmakers to raise taxes and fees as the state plunges deeper into recession.

At the same time, he will push to expand tax breaks for businesses — tax breaks that will cost the state at least $140 million over the next two years, a cost he says is necessary to make Oregon a sustainability model for the nation.

by Harry Esteve, The Oregonian

Full Story: http://www.oregonlive.com/news/index.ssf/2009/01/oregon_is_exceptionally_genero.html