Political Quotes

“the Senate FSC-ETI bill contained $19 billion in energy tax incentives that supported the diversification of the Nation's energy supply, conservation, and efficiency. Although few of those provisions survived the House-Senate conference, I am pleased that the conference report extends and expands the Section 45 production tax credit for renewable energy resources. My thanks to Senators Grassley and Baucus, as well as 36 Senators who recently joined me in a letter to conferees urging the adoption of this very important renewable-energy provision. The Section 45 production tax credit works. Since its initial adoption in 1992, wind energy has become the fastest growing energy source in the world. Other renewable energy resources like geothermal, solar and biomass energy will now be able to enjoy that same growth potential. We know that renewable energy can provide a steady supply of electricity that is made in the USA. We know it will spur economic investment and new technology, and create thousands of jobs. According to the Department of Energy, tripling geothermal production by the year 2010 would stimulate $61 billion of domestic investment, create 1.6 million person-years of new employment, and add $180 million to State and Federal government treasuries from royalties.”