Toothless Energy Bill Passes
The Senate eviscerated the energy bill, taking out the long-term production tax credits, the renewable portfolio standard, and reducing the role of renewables dramatically. A disappointing outcome from a disappointing body. Here’s a professional story on the subject via Renewable Energy Access:
After a hard-fought battle on the political playing field, the renewable energy industries have suffered a difficult defeat. The Senate voted yesterday evening on an Energy Bill that left out the investment and production tax credits and a renewable portfolio standard (RPS), avoiding a Presidential veto but dramatically reducing the role of renewables in Congress’ energy plan.
The Bill passed by a vote of 85-12. It now goes back to the House for approval and then to the President to be signed into law. The White House issued a statement yesterday saying that it would accept the Bill.
