The US economy and society have been reaping the benefits of rapid growth in renewable energy and clean technology under the Obama Administration, progress that’s threatened by federal budget sequestration.
The wind power tax credit extensions have been passed in bi-partisan fashion by a 19-5 vote as part of broader tax cut extension bill. Greeted with guarded optimism by US wind power market and industry participants and supporters, some of the largest US electric utilities, including Exelon, are lobbying against further progress. […]
One of the ways the US federal government subsidizes the fossil fuel industry is by allowing natural gas, oil and coal investors to form Master Limited Partnerships (MLPs). These special purpose investment vehicles exempt companies forming them from corporate income taxes. Legislation from Delaware Sen. Christopher Coons seeks to level the playing field by opening MLPs up to renewable energy investors. […]
Prolific inventor and Silicon Valley serial entrepreneur Kent Kernahan and partners believe they’re on to a way for US inventors, and local governments and communities to play a direct, pivotal role in revitalizing US manufacturing and job growth. Through their latest ventures, Ideal PV and Locally Grown Power, they’re looking to leverage Kernahan’s latest solar power innovations in building solar PV panel plants with local governments and community groups that will produce and consume clean, renewable power locally and sustainably over the long term.
