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Governors' Wind Energy Coalition

September 22, 2014

House Dems introduce energy extenders bill

Nick Juliano, E&E reporter  •    •  Posted 2014-09-22 06:41:04

A group of House Democrats yesterday introduced a bill to reinstate more than a dozen expired clean energy tax breaks and to expand the eligibility of an existing credit that primarily benefits solar energy. The bill, H.R. 5559, from Reps. Earl Blumenauer of Oregon, Dave Loebsack of Iowa and 16 other Democrats, largely mirrors energy provisions in S. 2260, the existing “tax extenders” bill that is awaiting Senate action during the lame-duck session to renew a variety of business and individual tax incentives that expired last year. House Republicans have not been eager to extend the energy tax breaks, especially as the production tax credit (PTC) has become a huge target of conservative activists and elements of the nuclear and fossil fuel industries. But negotiations between the House and Senate are not expected to begin in earnest until lawmakers return after the November elections. [ read more … ]

Rockefellers, Heirs to an Oil Fortune, Will Divest Charity From Fossil Fuels

By JOHN SCHWARTZ, New York Times  •    •  Posted 2014-09-22 06:41:22

In recent years, 180 institutions — including philanthropies, religious organizations, pension funds and local governments — as well as hundreds of wealthy individual investors have pledged to sell assets tied to fossil fuel companies from their portfolios and to invest in cleaner alternatives. In all, the groups have pledged to divest assets worth more than $50 billion from portfolios, and the individuals more than $1 billion, according to Arabella Advisors, a firm that consults with philanthropists and investors to use their resources to achieve social goals.
[ read more … ]

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