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Feb 13, 2018

Oklahoma pulling up red carpet offered to wind industry

Fox Business – 2-10-18

Thanks to state tax incentives and access to windy areas, the Oklahoma wind industry grew from virtually nothing to No. 2 in the nation, behind only Texas. But when the state’s finances plunged after a downturn in oil, Oklahoma lawmakers cut off all state incentives to wind – and are even considering a new production tax on wind and capping previously guaranteed incentives. Now a fierce battle is shaping up at Oklahoma’s Capitol.