The PTC has become a proxy war for U.S. climate and energy policy.
Energy & Environment
The United States depends on coal for nearly 40 percent of its electricity supply, with 48 of 50 states using coal for electricity generation to some degree.
Government has traditionally invested in key industries (railroad, jet aircraft, computer technology) to improve their cost competitiveness until they have achieved scale.
Congress has an opportunity to mitigate the ills caused by an overabundance of deadlines in environmental laws.
EPA’s proposal for the 2014 RFS rules will slow development of newer advanced biofuels and increase emissions of greenhouse gases.
No one in their right mind would stop administering an effective medicine to a sick child just because research was proceeding on a different cure. Yet, that’s essentially what Congress did when it let the nation’s suite of clean, renewable energy and energy efficiency tax incentives expire before leaving town for the holidays.
The past few years showed zero evidence that the renewable energy world can create lucrative employment opportunities.
How could EPA’s Inspector General claim that the collusion with activists happened “after the region issued its press release” when the communication itself proves that the press release had not yet been issued? If the IG’s office overlooked – or deliberately ignored – the fact that EPA violated its own policies, then what else did the IG miss?
All in all, outdoor recreation business drives $646 billion in consumer spending, $790 billion in local and state revenue—while supporting 12 million American jobs.
Without Congress saying a word or taking a vote, millions of dollars of tax credits to bolster investment and entrepreneurship simply vanished.