The News Journal featured an editorial on Sunday endorsing Senator Coons’ new legislative proposal to level the playing field by giving investors in renewable-energy projects access to a decades-old tax advantage now available only to investors in fossil fuel-based energy projects.
We have witnessed a lot of talk about energy, “green jobs,” climate change and renewable sources. We have heard calls for America to be energy independent, to be innovate and to be steady in lowering the volatile energy sources. The most sensible proposal has been to go for “all of the above” when it comes to types of energy.
…
Last week, U.S. Sen. Chris Coons of Delaware introduced a bill that would create a new partnership structure for would-be investors in renewable energy. The structure would offer tax advantages that would spur investors to support companies that will meet the tests of the energy market.
The idea holds promise.
The bill is called the Master Limited Partnership Parity Act — “parity” being the key. It would give renewable energy companies the same opportunities now available to other energy industries.
Click here to read the full editorial on the News Journal’s website.
Click here to learn more about the bill.