Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Green Bailout: House Passes Rescue Plan and Clean Energy Credits
Posted on October 03, 2008
The tenth time was the charm.When the House passed the financial bailout package on the second try today, it wasnt just Treasury Secretary Henry Paulson or George Bush reaching for the alcohol-free champagne. The whole renewable-energy sector cheered the Senates last-minute inclusion of its version of clean-energy tax credits, which the House had to swallow to approve the bailout.The bill authorizes a one-year extension for federal production tax credits for wind power, which means developers and lobbyists will be able to take a few months off before badgering Congress for another extension st...
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