Victory! PTC Blows Past the Cliff
Happy New Year! We are welcoming 2013 by celebrating a new victory for the future of clean, renewable energy here in the U.S. The wind energy Production Tax Credit (PTC) was extended in the final hours of U.S. Congressional sessions. This means private investment will continue to flow into a vital renewable energy source. Moreover, American jobs will not only be saved, but even more will be created.
As Ceres President Mindy Lubber told reporters yesterday,
"The extension of the Production Tax Credit is important not just for wind power producers, but also for the growing number of American companies using renewable energy to power their businesses. All across the country, companies are looking to wind and solar energy to reduce their reliance on fossil fuels, which are prone to dramatic price fluctuations. Extending the PTC makes renewable power even more attractive and helps companies invest in the future of energy."
This important victory is due in part to the leadership of the companies and investors that work with Ceres to help build a sustainable economy. Throughout 2012, Ceres mobilized leaders from our Business for Innovative Climate and Energy Policy coalition and our $11 trillion Investor Network on Climate Risk to speak out in support of renewable energy policies like the PTC.
Thank you for helping to make a clean energy economy a priority in 2012. We'll do everything we can to ensure that it remains so in 2013 and beyond.