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White House urges renewal of wind energy tax credits (Bad news for wind in the US)
http://www.twincities.com/allheadlines/ci_20990943/white-house-urges-renewal-wind-energy-tax-creditsAhlstrom said WindLogic has 52 employees, but recently, it reduced its staff by 10 because developers have ceased work on new projects.
The reason for the slowdown? A federal tax credit for the wind industry is due to expire at the end of the year, and, unsure whether Congress will extend the credit, developers have started to shelf new projects.
The reason for the slowdown? A federal tax credit for the wind industry is due to expire at the end of the year, and, unsure whether Congress will extend the credit, developers have started to shelf new projects.
snip
"I don't think it would be totally dead, but it will still be a down year no matter what happens," Ahlstrom said at a news conference supporting the tax credit, held under a wind turbine in North St. Paul Monday, July 2.
"The longer it goes, the worse it gets," he added. Unless Congress acts quickly, potentially 37,000 U.S. jobs will be lost next year, including several hundred jobs in Minnesota, a visiting White House official said.
"The longer it goes, the worse it gets," he added. Unless Congress acts quickly, potentially 37,000 U.S. jobs will be lost next year, including several hundred jobs in Minnesota, a visiting White House official said.
And once again politics takes a big steaming dump on what's a clear win-win situation for everyone.
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