10 Feb '12, 5pm

Senator Bingaman Pushes to Renew Renewable Energy Tax Credits

Senator Jeff Bingaman (D-NM), Chair of the Senate Energy and Natural Resources Committee, is trying to get the renewable energy tax credits renewed as part of the payroll tax cut bill. He also wants the energy efficiency incentives for homeowners renewed which expired at the end of 2011. In an editorial on The Hill , Bingaman says: On Renewable Energy tax credits: Failure to extend tax incentives for clean energy now will result in jobs lost, reduced U.S. manufacturing competitiveness in a growing, multitrillion-dollar market and a blow to our economic recovery. Despite recent years of solid growth, several industries - including the wind, biofuels and energy efficiency sectors - have already begun cutting workers. Unless Congress acts immediately, more layoffs are inevitable. Recent economic data confirm how manufacturing is driving America's economic recovery. The Bureau...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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