A joint statement was released by a number of clean energy organizations on the recent tax policy, including the American Wind Energy Association (AWEA), American Council on Renewable Energy (ACORE), Citizens for Responsible Energy Solutions (CRES), and others.
“We applaud the reduction in the corporate tax rate and preserving frameworks that support the clean energy sector. However, we are concerned about provisions that will have a negative impact on clean-energy investments, including Base Erosion Anti-Abuse Tax (BEAT) provision and the impact of the corporate Alternative Minimum Tax (AMT) on investment tools that have been critical to the growth of the clean energy sector.
If these provisions are retained, they will result in broad instability and uncertainty for businesses and investors across many sectors, including the clean energy sector. We look forward to working with conferees to address these concerns so that the sector can continue to contribute to vibrant and diverse domestic energy production.”
The statement was made by: Tom Kiernan, CEO of AWEA, Gregory Wetstone, President and CEO of ACORE, Heather Reams, Managing Director, CRES, Matthew Mallioux, Director, American Conservation Coalition (ACC), Mark Pischea, President, Conservative Energy Network (CEN), and Mark Fleming, President and CEO, Conservatives for Clean Energy (CCE).
Filed Under: News, Policy
M. Ross Baldwin says
The tax plan referred to in your article is set forth by proponents of unsustainable activities, nationally and internationally.
What may have benefits for advanced power sector businesses will also be yielding benefits for unsustainable extractive fuel supply bases and the electrical energy producing fuel burners that damage our environment now on through the next 3 to 4 decades. There is a toxic side to the coin.