Foreign Policy Blogs

A Quick Update on the Energy Bill

Cross your fingers.  The House of Representatives might yet include critical provisions that are devoutly to be wished.  Reuters reports that a letter sent by the House Democratic leadership today to its members says the pending bill, due for a vote in the House tomorrow or Thursday, would have a provision that "strengthens and extends existing renewable energy tax credits" and another that would "repeal about $21 billion in tax subsidies extended to big oil and gas producers."  That's more than the $16 billion figure that was in the bill passed in early August.  See House seeks tax incentives for renewable energy.  The article says "the bill would repeal reduced tax rates for major integrated oil companies, drop foreign income tax deductions for companies that produce oil and natural gas overseas and drop a tax break for companies to write off some exploration expenses."  Stay, as they say, tuned!

 

Author

Bill Hewitt

Bill Hewitt has been an environmental activist and professional for nearly 25 years. He was deeply involved in the battle to curtail acid rain, and was also a Sierra Club leader in New York City. He spent 11 years in public affairs for the NY State Department of Environmental Conservation, and worked on environmental issues for two NYC mayoral campaigns and a presidential campaign. He is a writer and editor and is the principal of Hewitt Communications. He has an M.S. in international affairs, has taught political science at Pace University, and has graduate and continuing education classes on climate change, sustainability, and energy and the environment at The Center for Global Affairs at NYU. His book, "A Newer World - Politics, Money, Technology, and What’s Really Being Done to Solve the Climate Crisis," will be out from the University Press of New England in December.



Areas of Focus:
the policy, politics, science and economics of environmental protection, sustainability, energy and climate change

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