Rep. Mike Pompeo (R., Kan.) has introduced a bill to repeal all federal energy tax credits, calling them bad energy policy and a roadblock to lower energy rates for consumers.
Congress extended wind energy tax credits worth billions of dollars in the last-minute deal hammered out by Congress to avoid the fiscal cliff, a move decried by free market organizations as “corporate welfare.”
Two recent reports by nonpartisan groups have raised major concerns regarding the negative effects of California’s push for increased reliance on renewable energies.
A government financed electric car battery maker filed for bankruptcy today, offering yet another setback to President Barack Obama’s flawed alternative-energy campaign, Bloomberg reports.
President Obama’s green energy initiative, coupled with the precipitous rise in gas prices, has led to a spike in grease thefts.
An oil and gas trade group filed a lawsuit Monday challenging the Environmental Protection Agency’s renewable fuel regulations, saying the rules are unachievable and amount to a stealth tax on the industry. The American Petroleum Institute has requested that the D.C. Circuit Court review the EPA’s rules for cellulosic biofuel. In a statement, API Director of Downstream and Industry Operations Bob Greco said the EPA’s mandate was “divorced from reality” and “forces refiners to purchase credits for cellulosic fuels that do not exist.”