With Congress returning from its August recess, proponents of extending a federal subsidy to the wind-energy industry—the production tax credit (PTC)—say they plan to leave no stone unturned in their efforts to continue receiving favorable treatment under the tax code.
Navigating an abbreviated congressional calendar, including a midterm election in early November and a “lame-duck” session sometime thereafter, will be challenging for both friends and foes of the PTC. Together with other tax breaks for an assortment of industries, the wind PTC expired at the end of 2013. In the past, these tax breaks have been retroactively extended in legislative packages known as “tax extenders,” but growing opposition to the PTC has clouded the future of the wind industry’s subsidy.
Opposition to extending the PTC is stronger in the Republican-controlled House than in the Democrat-controlled Senate. With this in mind, and fearing the Senate may change hands as a result of the midterm elections, the...
Climate Change Weekly #140
Physicist Steven Koonin says climate science is far from settled and we are a long way from having good enough knowledge to make wise climate policy.
That view is not news to climate skeptics, but it may seem surprising coming from Koonin, who was undersecretary for science in the Obama administration’s Energy Department in the president’s first term.
Koonin says the crucial question isn’t whether climate is changing, which is a settled matter: It is changing and...
Small earthquakes linked to underground wastewater injection are substantially weaker in their effects than natural earthquakes of the same magnitude, according to a new study conducted by the U.S. Geological Survey . Natural earthquakes are approximately 16 times as strong as human-induced tremors of the same magnitude.
Recent Increase in Small Quakes
The USGS has documented an increase in small earthquakes in the central and eastern United States in recent years, with evidence indicating a...
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