Senate Committee on Energy and Natural Resources Hearing on China and Clean Energy

Today the Senate Committee on Energy and Natural Resources met to discuss China’s effort in clean energy and how we can collaborate and/or compete with them to gain a foothold in the clean energy industry. The chairman of the committee Senator Jeff Bingaman started off the hearing saying that he has been impressed with China’s […]

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Senate Finance Committee Hearing to Extend Renewable Energy Production Tax Credit

Yesterday, the Senate Finance Committee had a members meeting to discuss extending the renewable energy production tax credit 1603 that currently allows an income tax credit of 2.2 cents per kilowatt-hour. This tax credit is set to expire at the end of 2012 for wind energy and at the end of 2013 for other renewable sources. Representatives […]

Senate Finance Committee Hearing, Tax Reform: Impact on U.S. Energy Policy

On Tuesday June 12, the Senate Finance Committee heard testimony on how tax reform could affect change in U.S. energy policy and dependence on foreign energy. Senators Max Baucus of Montana and Orrin Hatch of Utah led the discussion by issuing member statements. Senator Baucus opened with a quote from writer Hunter S. Thompson, “Anything […]

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Senate Bill to Extend Master Limited Partnership Eligibility to Renewable Energy Industry

Senators Coons of Delaware and Moran of Kansas introduced a bill on Thursday that would allow the renewable energy industry access to tax advantages by forming Master Limited Partnerships (MLP). MLPs are companies that are taxed as partnerships but whose stocks can be traded on the market. Up to this point, only fossil fuel enterprises were allowed […]

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OREC Welcomes a New Summer Intern!

Good Morning Ocean Renewable Energy Coalition followers! My name is William McGarey and I will be interning with the trade association this summer. I am a rising senior at the University of Southern California studying Chemical Engineering with an Environmental emphasis. Though I attend school in Los Angeles, I hail originally from McLean, Virginia, so […]

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