Wednesday, October 12, 2016

USA: Tax Credits for Geothermal Energy Could be Revisited After Election

Obama readies clean energy 'end-game' (Washington Examiner)

The White House is devising an "end-game" strategy to pass a suite of clean energy tax subsidies that were swept to the wayside in last December's omnibus spending bill deal, said a top White House official.

Brian Deese, one of President Obama's top advisers, told an energy conference Tuesday that the White House is working on a clean energy "end-game" with its allies in Congress to see tax credits for a variety of alternative energy resources passed after the November elections in the lame-duck session of Congress.

"We are quite aware of the incremental extensions that weren't included last time," Deese said on a panel during the Tuesday event held by Columbia University. "We have been working closely with our congressional allies and we want to see those get done."

The tax credits were not attached to last year's spending bill, although the measure did include a landmark deal extending wind and solar subsidies for five years with an incremental phase out. The orphaned clean energy subsidies that were left out of the deal are for things like hydrogen fuel cells, renewable fuel infrastructure, geothermal and other alternative energy resources.

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