The year 2012 marks a monumental yet depressing milestone for the wind energy industry: 20 years of tax credits. The federal renewable energy production tax credit, which allows wind producers to take a 30 percent investment tax credit or receive a 2.2-cents-per-kilowatt-hour production tax credit, has been around since 1992. …
This past April, when Members of Congress introduced the New Alternative Transportation to Give Americans Solutions (NATGAS) Act that provides preferential tax treatment to subsidize the production, use, and purchase of natural-gas vehicles, the propane industry asked, “What about us?” Well, someone was listening, because a little over a month …
Environmental Protection Agency Administrator Lisa P. Jackson recently announced that her agency would proceed with twice-delayed regulations targeting power plants that emit carbon dioxide and other greenhouse gases. Mrs. Jackson’s decision ignores three vital pieces of information that should make it easy for Congress to prevent unelected bureaucrats from regulating …
Canada exports almost all of its energy to the United States, but because of resistance from the Obama Administration to approving the construction of the Keystone XL pipeline, that could soon change. Canadian Prime Minister Stephen Harper told President Obama that as the U.S. delays, Canada will begin diversifying by …
Yesterday, the Department of Interior released its new five-year offshore drilling plan. Unfortunately, the program is far less expansive when it comes to opening areas to access, exploration, and drilling than it should be. The plan schedules 15 possible lease sales in the 2012–2017 time horizon—10 in the central and …