The Energy Bill Passes - and Ocean Renewables Gain Recognition!

"The Ocean Renewable Energy Coalition (OREC) will continue to promote our
industry’s interests. We made a difference in this year’s energy bill,"
stated Sean O’Neill, President of OREC. "There is still much to be done
to help ensure our energy security into the future. While we’ve been
included in several of the most important provisions, ocean energy
needs to be included in the Production Tax Credits next time around. In
the meantime, our highest priorities will be regulatory and permitting
reform."

"We began this campaign three months ago," stated OREC CEO,
Carolyn Elefant. "It was clear the industry needed a voice in
Washington. Together, our voices have quickly become one unified, and
effective, chorus. Our message has been that ocean energy provides the
greatest potential rewards at the lowest possible cost. We are pleased
that renewable energy technologies-especially ocean renewables-are now
included as part of the solution to our energy security."

Posted by Ocean Renewable on August 2nd, 2005 filed in Announcements