Red, Green, and Blue

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…while Mother Nature plays the streets for chump change.

Even in this economic down turn, oil companies are still making record profits!

Is it sad that I dream of a day when we are exploited by the renewable energy industry?
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Federal renewable energy tax credits, Congress’ favorite subject to debate but do little about, has once again been brought to the Senate floor. But because the amendment still has no funding mechanism suitable for pay-go rules, I would argue it stands little chance of passage. Pay-go compels new spending and tax law changes to not add to the federal deficit, or if they do, they must create some sort of offset somewhere else in the budget [read more about pay-go].

In a wonky twist that would alter the clean energy incentive structure in this country rather significantly, Senators Alexander (R-TN) and Kyl (R-AZ) offered an amendment (S. Amdt 4429) that would extend the production tax credit for two years (instead of one) for wind, geothermal, biomass, landfill gas, small hydro, and wave and tidal power. Read the rest of this entry »