The Assault on Rural America Has Begun

Have you ever really contemplated the crackpot conspiracy theory fleshed out on various TV shows that there is some secret entity actually running our country?  That elected officials are mere puppets of some secret global cabal?  Why is it that most of the wealth is concentrated within a very small group of people?  Does money buy power?  If you've ever wondered about these things, pull up a chair, this blog is for you...

Last week I told you about Biden's plan for investment tax credits for electric transmission lines, though there was actually little information to be had.  My Alexa must have been on the job reading my mind, because the very next day the text of new legislation introduced in Congress to make the transmission investment tax credit a reality was revealed.  Thanks, Jeff Bezos, what would I do without you and your AI spy?  If I can think it, you can deliver it!

Here's a link to the bill.  Go ahead, click through.  It's amazingly brief and facile.  Not what you'd be expecting for a complicated giving away of hundreds of millions of dollars of your money.  The real "guts" are contained in the IRS code -- this just establishes a transmission investment tax credit at 30%.  The IRS has to figure out how to run the program.  The legislation just sets the parameters for it, such as what kind of electric transmission qualifies for the tax credit?

Are you ready?

‘‘(c) QUALIFYING ELECTRIC POWER TRANSMISSION LINE PROPERTY.—The term ‘qualifying electric power transmission line property’ means— ‘‘(1) any overhead, submarine, or underground transmission facility which—
‘‘(A) is capable of transmitting electricity at a voltage of not less than 275 kilovolts,
‘‘(B) has a transmission capacity of not less than 500 megawatts,
‘‘(C) is an alternating current or direct current transmission line, and
‘‘(D) delivers power produced in either a rural area or offshore, and

‘‘(2) any conductors or cables, towers, insulators, reactors, capacitors, circuit breakers, static VAR compensators, static synchronous compensators, power converters, transformers, synchronous condensers, braking resistors, and any ancillary facilities and equipment necessary for the proper operation of the facility described in paragraph (1).

Power produced in a rural area?  So transmission for power produced in an urban area  cannot qualify for this tax credit?  You may be thinking that they don't need transmission for power produced in an urban area because it can be used where it's produced.  But think a little harder... this discourages any future power production in urban areas and encourages lots of future power production in rural areas.  It provides the carrot on a stick to a future where rural areas operate as the power production serfs that serve their powerful masters in the cities.  Power production in rural areas is encouraged through a giveaway of your tax dollars. 

But what if they used that money instead to develop power production in the cities and suburbs that use so much of it?  That would probably be a cheaper scenario, by far.  But our government is pushing for a different reality where the cities are mere power parasites feeding off the sacrifice of rural areas.

Let's peel this onion to see just how many layers there are to this bold plan to enslave rural areas...  and discover that they're not even trying to hide it anymore.  When the elites control every aspect of the narrative, plus the puppets who will carry it out, there is nothing to fear from plebeians.

This article in Renewable Energy Magazine ties this legislation to ACORE, the American Council on Renewable Energy.  Of course the legislators who are sponsoring this legislation are nothing but lobbyist puppets, doing what they're told.  If they don't buck the system, they are rewarded with campaign contributions that keep them in office.  If legislators don't do any real work writing or reading legislation, what do they DO all day?  Run around like remote-control robots making sure things happen like they are ordered to happen, preening for the cameras, feeding their egos.

ACORE put out a brief press release.  Very proud of themselves and their legislative puppets.  ACORE says this tax credit will serve their Macro Grid initiative.

“Sen. Martin Heinrich, Rep. Steven Horsford and Rep. Susie Lee’s introduction today of the Electric Power Infrastructure Improvement Act adds to the growing momentum for a federal transmission investment tax credit (ITC). As we saw this winter, America’s outdated grid infrastructure is hurting consumers and our economy. With a transmission ITC, we can enhance grid reliability, create jobs, save consumers money, and provide developers with the long-term certainty they need to invest in a 21st century Macro Grid that’s capable of delivering the clean energy future Americans want and deserve. We look forward to working with lawmakers on both sides of the aisle to pass this critically important legislation this year.”

So what, or who, is ACORE?  Here's a lovely photo collage of their rather extensive Board of Directors (for even more fun, there's also a doubly large Board of Directors Emeritus).  24 people on the BOD.  24!  How do they ever manage to get things done?  But, all that aside, look at who these 24 people are, and what "member companies" they represent.  NextEra, Pattern, Avangrid, Invenergy, Berkshire Hathaway -- all companies who stand to profit significantly by building new renewable generation and transmission to serve it.  The list also includes equipment suppliers of renewable energy technology and equipment.  But perhaps most disturbing of all is that it also includes lots of big investors such as BlackRock, JP Morgan, Bank of America, Morgan Stanley, Goldman Sachs.  And then there are some really odd, but powerful, additions, such as Facebook and Amazon.  Hang on... my Alexa is going crazy trying to take my order for renewables right now...

ACORE's mission pretends it's just an educational, tax exempt organization that doesn't lobby.

The American Council on Renewable Energy (ACORE) is a 501(c)(3) national nonprofit organization that unites finance, policy and technology to accelerate the transition to a renewable energy economy.

I guess they don't have to actually lobby... just place an Alexa in every legislator's home, office and car.

But isn't it funny that all these companies stand to make a bundle of money from new legislation that enables their business and profits?  And legislators get so "educated" about it that they write bills about things they know nothing about?  Wow!  Serendipity!

But wait... let's see what's in the next layer of this onion.  ACORE's Macro Grid initiative.  Who came up with that?  ACORE's 2020 Annual Report reveals:

Thanks to generous support from Breakthrough Energy, ACORE and Americans for a Clean Energy Grid (ACEG) launched the Macro Grid Initiative to promote investment in a 21st century transmission infrastructure that enhances reliability, improves efficiency and delivers more low-cost clean energy.

And is extremely profitable for ACORE's Board of Directors, don't forget that part.  Your beneficent pose isn't working for me.

Who is "Breakthrough Energy?"  Here's the layer where you really start to smell the rot that pervades this entire charade...

Breakthrough Energy Ventures is an investor-led fund that aims to build the new, cutting-edge companies that will lead the world to net-zero emissions.
Our strategy links government-funded research and patient, risk-tolerant capital to bring transformative clean energy innovations to market as quickly as possible.

Again, it's not about beneficence, it's about making money, lots of it.  And in order to do that, they have to influence government policies and programs at the highest level.

Even more revealing, take a good, close look at Breakthrough Energy's Board & Investors.

There you'll find some very familiar names... multi-billionaires you've heard of, along with a host of other filthy rich people from around the globe that you've never heard of.

The cast of characters includes:  Bill Gates, Michael Bloomberg, Jeff Bezos (Alexa, shut up, I'm trying to work here), and some Walton family members. 

And it also includes a huge list of other multi-billionaires from around the globe and includes members from Saudi Arabia, India, England, China, Canada, Germany, South Africa, France and Japan.  And China.  Did I mention China?

These folks who funded ACORE's Macro Grid initiative are intending to invest in renewable energy projects in order to get even richer.  But it's not just that... let's dial back out.

Where did the transmission investment tax credit first get mentioned?  In President Biden's "Infrastructure" thing.  Do you suppose he independently came up with that idea and it was just happy coincidence that it lined up with what the global elite wanted?

Or do these global elites, who control a substantial portion of the world's wealth, also control our elected officials?

Who really wants to make sure all energy of the future is produced in rural areas, and not in the cities?  Is it really about climate change, or is it simply a rent seeking operation?  And how would the .00001% distract the hoi polloi from their bold scheme?  Maybe they buy up the media, control the narrative, and create a crisis that pits the average American against his neighbor and uses up all their energy and attention fighting each other while the robber barons help themselves to what little wealth we have left.

So... transmission investment tax credits.... yes or no?