[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]



LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Hoeven, Cramer help introduce legislation to eliminate wind tax credit  

Credit:  May 1, 2021 | www.minotdailynews.com ~~

WASHINGTON – Senators John Hoeven and Kevin Cramer this week helped introduce legislation, led by Senator James Lankford (R-Okla.) and joined by Senator Shelley Moore Capito (R-W.Va.), to completely phase out the federal production tax credit (PTC) for renewable energy sources, like wind.

The bill specifies that any new projects would need to begin construction by the end of this year in order to qualify for the credit, as is the case under current law. The senators introduced similar legislation in the 116th Congress.

“As recent severe weather has clearly demonstrated, we need reliable baseload power sources that are available 24 hours a day, seven days a week, and are able to keep operating when power is needed most,” said Hoeven. “The wind industry is now commercially-viable, and the continued extension of the wind PTC further distorts energy markets away from critically-needed baseload power, like coal. That’s why we reached a bipartisan agreement in 2015 to phase out and end this tax credit, and our efforts are about ensuring Congress follows through on this commitment.”

“The wind production tax credit is fundamentally unfair and has long outlived its expiration date,” said Cramer. “Our bill would help level the energy market by forcing this disruptive tax credit to finally expire.”

This comes as part of Hoeven and Cramer’s efforts to end extensions of the PTC, including:

– Pressing the Finance Committee to oppose any further wind PTC extensions.

– Filing an amendment to strike a one-year extension of the wind PTC from year-end legislation passed by Congress in December.

– Urging the Office of Management and Budget under the Trump administration to include a sunset of the wind PTC in its rescissions list sent to Congress, after the Consolidated Appropriations Act of 2021 was signed into law.

Source:  May 1, 2021 | www.minotdailynews.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

 Follow: