in News Departments > New & Noteworthy
print the content item

The House of Representatives passed a Democrat-sponsored energy bill that would expand U.S. offshore drilling and increase taxes on oil companies by $18 billion, according to Bloomberg News.

White House officials threatened a veto of the measure, which was approved by a 236-189 vote, mostly along party lines.

The new revenue would be used to fund alternative energy development. It would require states to obtain more power from wind and other renewable sources, mandate building efficiency, and offer tax incentives for fuel-efficient vehicles like plug-in hybrids.

Renewable electricity producers would receive $6.9 billion in tax breaks. The break for wind would be extended through the end of 2009 and for geothermal and biomass through 2011. The bill would mandate that 15% of electricity come from renewable resources.

SOURCE: Bloomberg News

IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

UEA_id1896
JLG_id1900
WomenofWind_id
Acciona_id1907
AWEA_id1886
bonfiglioli_id1913