Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

applegrove

(118,816 posts)
Sun Dec 3, 2017, 08:56 PM Dec 2017

Senate tax measure helps President Trump pivot away from clean energy and back to fossil fuels

By KEITH SCHNEIDER at the LA Times

http://beta.latimes.com/nation/la-na-new-tax-solar-wind-20171202-story.html

"SNIP.........

The Trump administration’s campaign for “American energy dominance,” which focuses on elevating the nation’s fossil fuel production, received a potential big boost from Republican senators early Saturday.

The tax measure they approved proposes to open the Arctic to oil and gas development, weaken investment incentives for solar and wind production, and end a big tax credit for new electric vehicles.

Taken together, the Senate tax provisions are clearly allied with the Trump administration’s goal to shift American energy development back to black fuels and reverse Obama-era programs to encourage cleaner technologies to generate electricity and move people and goods.

Arguably the most significant Senate tax provision is meant to tilt a 40-year-old conflict between the oil industry and conservationists toward opening a 1.5-million-acre stretch of the Arctic National Wildlife Refuge to energy exploration. The struggle over the so-called 1002 Area, one of the longest running and most intensely debated in U.S. environmental history, has commanded the attention of every president since Jimmy Carter.

...........SNIP"

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Senate tax measure helps President Trump pivot away from clean energy and back to fossil fuels (Original Post) applegrove Dec 2017 OP
I'm pretty sure it's too late... Wounded Bear Dec 2017 #1

Wounded Bear

(58,721 posts)
1. I'm pretty sure it's too late...
Sun Dec 3, 2017, 08:59 PM
Dec 2017

Corporate America is actually moving away from coal. No profit there any more.

I guess they will make oil hang on a few more years, but even that is dwindling.

Latest Discussions»General Discussion»Senate tax measure helps ...