Showing posts with label renewable energy production tax credit. Show all posts
Showing posts with label renewable energy production tax credit. Show all posts

March 28, 2012

Senate passes transportation bill, votes down big oil, but also renewable energy PTC

The Senate passed the $109 billion Transportation Bill today in a bipartisan 74-22 vote. When it's passed by the House, it will fund road and transit projects for the next two years.

The current bill expires at the end of this month, putting pressure on the House.

"This is a jobs bill; 2.8 million jobs hang in the balance," says Environment and Public Works Committee Chairwoman Barbara Boxer (D-CA).

Yesterday, the Senate voted on several important amendments to the Transportation bill.

All the amendments failed: the Renewable Energy Production Tax Credit (PTC) was not extended; the bid to open oil and oil shale drilling everywhere was defeated, as was the attempt to eliminate ALL energy tax breaks and retroactively rescind renewable energy tax breaks that have already been granted.