I never understood how the former Gubinator could run for office on the GOP ticket.
He has published an opinion piece on the importance of renewable industry, and points out with compelling clarity the hypocritical disconnect in Washington when it comes to who gets to benefit from corporate welfare, and who does not.
Maybe he should switch parties, and run for the U.S. Senate as a Democrat, if this is the sort of future direction he would support.
By Arnold Schwarzenegger, Published: December 4
More energy from the sun hits Earth in one hour than all the energy consumed on our planet in an entire year.
In those terms, it is absurd that our federal government spends tens of billions of dollars annually subsidizing the oil industry, which pulls diminishing resources from underground, while the industry focused above ground on wind, solar and other renewable energies is derided in Washington.
Federal support for development of new energy sources is lower today than at any other point in U.S. history, and our government is forcing the clean-energy sector into a competitive disadvantage. To bring true competition to the energy market, ensure our national security and create jobs here rather than in China or elsewhere, we must level the playing field for renewable energies. In this presidential primary, Americans need to hear where the candidates stand on this critical issue.
Don’t get me wrong — we should not demonize fossil fuels. For more than 200 years, the United States has rightly invested in developing new sources of energy. From the land grants for timber and coal in the 1800s to the tax expenditures for oil and gas in the early 20th century to the investment in developing nuclear energy, support for energy innovation has always helped drive America’s growth.
Renewable energies, however, have not been treated the same way. When the oil, gas and nuclear industries were forming, federal support for those energies totaled as much as 1 percent of federal spending. Subsidies available to the renewables industry today are just one-tenth of 1 percent.
Imagine what the renewables industry would look like if the federal government leveled the playing field and showed the same dedication we have in California. Our green sector is the brightest spot in California’s economy, having grown 10 times faster than any other business sector since 2005. Today, one in every four jobs in the U.S. solar industry is in California. One-third of U.S. clean-tech venture capital flows into our state. Nurturing the green-tech sector was the right thing for me to do as governor, and it is the right thing for the federal government to do. [Ed: Emphasis added]
An unfair fight for renewable energies