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Governors' Wind Energy Coalition

May 11, 2012

Left, right duel on elimination of energy tax supports

Nick Juliano, E&E reporter  •    •  Posted 2012-05-11 11:26:52

Two liberal lawmakers today unveiled what one called the “most comprehensive” bill to eliminate government support for oil, natural gas and coal production, aiming to slash more than $113 billion in tax incentives, research and development spending, and other funding for those industries over the next decade. Two counterparts from the other side of the aisle panned the effort while pointing to a separate bill they have been pushing for months that would narrowly target two little-used fossil fuel tax benefits while taking the hatchet to a broad array of tax supports for renewable energy. [ read more … ]

Big Oil invests billions in alternative energy

E&E  •    •  Posted 2012-05-11 11:27:11

Oil majors have become the biggest investor in the clean fuels industry, sinking $71 billion into low- and no-emission and renewable energy technologies over the last decade, according to a report from the American Petroleum Institute. By contrast, the U.S. government has spent about $43 billion on its low-carbon energy efforts over the same time period, the report says. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.