Walmart, others make money on Oregon’s energy tax credits

When Oregon started handing out jumbo tax subsidies for renewable energy projects two years ago, one of the biggest beneficiaries was also one of the world’s richest corporations — Walmart.

No, the retail giant hasn’t branched to solar panels or wind turbines.

Instead, Walmart took advantage of a provision in Oregon’s Business Energy Tax Credit that allows third parties with no ties to the green power industry to buy the credits at a discount and reduce their state income tax bills.

By Harry Esteve, The Oregonian

Full Story: http://www.oregonlive.com/politics/index.ssf/2009/12/walmart_others_make_money_on_o.html