Renewable Energy Tax Credits 2008
June 16th, 2009
Question: Are Republicans in Congress more concerned with Hedge Fund Profits than developing alternatives to Oil?
Republicans also blocked debate on a measure to extend tax credits for wind, solar and other renewable energy sources. The bill failed on a 50-44 vote; GOP senators opposed the bill because it would have raised taxes on hedge-fund managers to pay for the tax credits.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/11/MNI6116RIU.DTL
Answer: hedge funds are also driving the prices up, as they hedge on commodities, like oil and others adding more volatility.
Oriental Peninsula to invest P2.4-B on Visayas power plant
MANILA, Philippines – Listed Oriental Peninsula Resources Group, Inc. will spend P2.4 billion to put up a mini-hydropower plant in Western Visayas, as the company turns its focus into the power generation sector.
Renewable energy tax credits
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