{"id":1054,"date":"2012-02-29T12:56:56","date_gmt":"2012-02-29T17:56:56","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/2012\/02\/georgia-energy-trust-fund-dr-sidney-smith-2012-02-17.html"},"modified":"2012-02-29T12:56:56","modified_gmt":"2012-02-29T17:56:56","slug":"georgia-energy-trust-fund-dr-sidney-smith-2012-02-17","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2012\/02\/georgia-energy-trust-fund-dr-sidney-smith-2012-02-17.html","title":{"rendered":"Georgia Energy Trust Fund &mdash;Dr. Sidney Smith 2012 02 17"},"content":{"rendered":"<a href=\"http:\/\/youtu.be\/VrUmEVSUe5E\">\n<img decoding=\"async\" style=\"float:right;border:none;\"   src=\"http:\/\/i3.ytimg.com\/vi\/VrUmEVSUe5E\/default.jpg\"><\/a>\nAfter the\n<a href=\"\/blog\/2012\/02\/cutting-the-solar-ribbon-in-richmond-hill-2012-02-17.html\">\nribbon cutting for a new solar installation in Bryan County<\/a>,\nDr. Sidney Smith talked about\n<a href=\"\/blog\/2012\/02\/enabling-a-commodity-market-in-solar-power-dr-smiths-electric-meters.html\">\na distributed commodity market<\/a> in solar power,\nplus\n<a href=\"\/blog\/2012\/02\/private-investment-in-utility-scale-solar-plants-1.html\">\nlarge private investment<\/a> utility-scale solar plants,\nand then he told LAKE about\nthe\n<a href=\"http:\/\/www.georgiaenergytrust.com\/\">\nGeorgia Energy Trust Fund.<\/a>\n<p>\nHere&#8217;s\n<a href=\"http:\/\/youtu.be\/VrUmEVSUe5E\">\nthe video:<\/a>\n<p align=\"center\">\n<iframe loading=\"lazy\" title=\"YouTube video player\" width=\"480\" height=\"390\" src=\"http:\/\/www.youtube.com\/embed\/VrUmEVSUe5E\" frameborder=\"0\" allowfullscreen><\/iframe>\n<br>\n<small>\nGeorgia Energy Trust Fund &mdash;Dr. Sidney Smith 2012 02 17\n<br>\nSouth Eastern Pathology Associates,\n<br>\nSelling Power, Lower Rates for Customers LLC (LRCLLC),\n<br>\nRichmond Hill, Bryan County, Georgia, 17 February 2012.\n<br>\nVideos by Gretchen Quarterman for LAKE, the Lowndes Area Knowledge Exchange.\n<\/small>\n<blockquote>\nWe donate 1.5% of the money we make to this trust fund for the county&#8230;.\nNow we invest that money in Georgia bonds for the county.\nAnd then the county only gets half of the interest\nSo the funds we donate for these counties will\ngrow forever\nas a result of what we&#8217;re doing with the trust fund&#8230;\n<p>\nIt&#8217;s invested in us, roads, airplanes, deep water, stuff like that.\n<p>\n<a href=\"http:\/\/en.wikipedia.org\/wiki\/Easter_Island\">\n<img loading=\"lazy\" decoding=\"async\" style=\"float:right;border:none;\"   width=\"100\" height=\"133\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/a\/a2\/Moai_Rano_raraku.jpg\/200px-Moai_Rano_raraku.jpg\"><\/a>\nAnd that&#8217;s the key actually.\n<\/blockquote>\n\n<!--more-->\n<blockquote>\n<a href=\"http:\/\/action.sierraclub.org\/site\/MessageViewer?em_id=104101.0\">\n<img loading=\"lazy\" decoding=\"async\" style=\"float:right;border:none;\"   width=\"107\" height=\"128\" src=\"http:\/\/action.sierraclub.org\/images\/content\/pagebuilder\/33217.jpg\"><\/a>\nNo civilization before ours, before we did this&#8230;.\nAll civilizations use up all their attributes and assets\nand eventually, like\nEaster Island,\nthey all die.\nThey use up all their coal, and it&#8217;s over.\n<p>\nBut what we&#8217;d like to do is we&#8217;d like to invest\na very small portion,\n1.5%, of what we generate as gross, and we invest it in the county.\nAnd the the counties\neventually over time,\nwe can calculate when they&#8217;ll be financially independent.\nThey don&#8217;t need any state taxes, federal taxes, they don&#8217;t even need any\noperating taxes, or even sales taxes.\n<a href=\"http:\/\/www.flickr.com\/photos\/98706376@N00\/6910583595\/in\/set-72157629403759835\/\">\n<img decoding=\"async\" style=\"float:right;border:none;\"   src=\"http:\/\/farm8.staticflickr.com\/7188\/6910583595_27479d042c_m.jpg\"><\/a>\nThey&#8217;ll be financially solvent.\n<\/blockquote>\nThat would be great for a county like Ben Hill instead of a coal plant,\nor a county like Lowndes\nthat&#8217;s always struggling to make ends meet.\n<p>\n-jsq\n","protected":false},"excerpt":{"rendered":"After the ribbon cutting for a new solar installation in Bryan County, Dr. Sidney Smith talked about a distributed commodity market in solar power, plus large private investment utility-scale solar plants, and then he told LAKE about the Georgia Energy Trust Fund. 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