Political Quotes

“Mr. President, I rise to speak about legislation that I am introducing today, the Deepwater Wind Incentive Act, which will provide a critical long-term renewable production tax credit for developing deepwater wind facilities in the U.S. Deepwater wind refers to a new offshore wind technology that utilizes advanced floating technologies to remove restrictions on the depth of the water and expand our offshore wind resource by nearly a magnitude of six. Last year, Popular Science named deepwater wind one of the eight technologies that can revolutionize our energy paradigm. I am pleased to have worked with Senators Carper and Collins, two longtime leaders on offshore wind development, on this proposal and look forward to discussing this bill with my Finance Committee colleagues. Currently, there is a race to develop deepwater offshore wind facilities that could eventually be placed throughout our world's oceans and our Great Lakes. A Norwegian company is now moving forward with deployment of the first deep-water offshore floating turbine, which will be located in more than 328 feet of water. The key point is that if you can successfully develop a floating turbine at that depth it can be replicated throughout the world. Our competitors are recognizing this opportunity and are aggressively pursuing this technology.…”