in News Departments > Policy Watch
print the content item

Rep. Mike Pompeo, R-Kan., is renewing his push to eliminate all energy tax credits, including for wind power.

Pompeo has introduced the 2013 Energy Freedom & Economic Prosperity Act, which would remove all energy tax credits - including the production tax credit and the investment tax credit - but would retain the "general business deductions" available to the oil and gas industries.

Pompeo, who introduced similar measures last year, claims the legislation would put all sources of energy on a level playing field. However, critics say the fossil-fuel industries would continue to benefit from write-offs, such as those for intangible drilling costs, while less mature industries - such as the wind energy sector - would lose the momentum they have gained over the past decade.

Eleven congressmen have signed on to co-sponsor the bill, which is also supported by several groups with ties to fossil fuels, such as the American Energy Alliance and Americans for Prosperity.



Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984