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Natural Awakenings Central New Jersey

Tell Lawmakers to Create a Level Playing Field for Renewable Energy Investing

Jul 01, 2013 01:39PM
Bills in the House and Senate are on their way toward correcting a bias written into the tax code that favors fossil fuel investing over clean energy investing. The Master Limited Partnerships (MLP) Parity Acts would end restrictions on clean energy ventures seeking to organize as MLPs, opening up access to easy, low-cost capital previously reserved exclusively for the fossil-fuel industry.

“Our bill just allows renewable energy projects to compete fairly,” says Senator Chris Coons (D-Delaware), sponsor of the Senate bill. “It gives an equal chance for success for projects using energy from wind and the sun, the heat of the Earth and biomass; breakthrough technologies for affordable homegrown energy for generations to come.”

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