Green Options » renewable energy tax credits

Toying with Renewables? GE Energy Boss Warns Congress to Knock it Off

Shirley Siluk Gregory — Tue, 16 Sep 2008 17:02:14 +0000

Wow, how’s this for “Straight Talk”? (And it’s not coming from the presidential candidates.) GE Energy chief John Krenecki is warning Congress that it better get serious and extend tax credits for renewable energy development … or face the consequences.

And what consequences would those be? In the Environmental Capital blog at the Wall Street Journal, Krenecki says Congress’ foot-dragging is risking a “collapse” of the U.S. wind industry. That could mean not only a major setback in the push for energy independence and the loss of thousands of jobs, but the loss of home-based corporate investments as well.

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Bush Urges Congress to Move on Energy Policy

Timothy B. Hurst — Sun, 07 Sep 2008 07:18:44 +0000

In his weekly radio address on Saturday, President Bush said Congress was ignoring the American public’s wishes by not expanding offshore drilling on the outer continental shelf.

“If members of Congress do not support the American people at the gas pump, then they should not expect the American people to support them at the ballot box,” Bush warned.

President Bush said before members of Congress begin their heavy campaigning, they shouldn’t leave Washington without addressing high gas prices. “At the very least,” the President suggested, “Congress should take action on three common sense energy solutions that enjoy bipartisan support.” Those are:

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Nag Congress Now on Renewable Energy Credits

Shirley Siluk Gregory — Tue, 02 Sep 2008 15:58:16 +0000

Amid the distractions of the Democratic and Republican National Conventions, Sarah Palin surprises, Hurricane Gustav and beyond sits a vitally important and sadly too-neglected news item: investments in new projects for renewable energy are suffering because Congress hasn’t yet found a way to extend tax credits for such efforts.

The renewable energy tax credits for wind, solar and other clean energies is set to expire on Dec. 31.

The delay in extending those credits is hindering plans for new renewable energy projects. A study by Navigant Consulting, for example, warns that letting the tax credits expire could jeopardize $19 billion in renewables investment, as well as threaten 112,000 jobs in the clean-energy sector.

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Biden Says Obama Will Make Alternative Energy a National Priority

Andrew Williams — Thu, 28 Aug 2008 15:13:09 +0000

In his much anticipated speech at the Democratic Convention in Denver, Vice Presidential candidate Joe Biden has confirmed that, if elected, Barack Obama will give priority to bold policies on alternative energy.

In a clear reference to the Republican voting record on renewable energy tax credits, and McCain’s personal views on the issue, he said, “Even today, as oil companies post the biggest profits in history—a half trillion dollars in the last five years—he wants to give them another $4bn in tax breaks. But he voted time and again against incentives for renewable energy: solar, wind, bio-fuels. That’s not change; that’s more of the same.”

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