Global warming?

[Undertoad]

PASSED with up to 30% tax credits for the industry... that will allow them to maintain their oligopoly.

I believe that is a BALK and the pitch count remains.

Originally Posted by Undertoad

PASSED with up to 30% tax credits for the industry... that will allow them to maintain their oligopoly.

I believe that is a BALK and the pitch count remains.

The increase in energy tax credits is nearly entirely directed to alternative energy development and energy conservation.

# Existing tax credits on the following are extended through 2010: Solar, biomass and most other renewables, alternative fuel vehicle refueling expenditures,
# The tax deduction for energy efficient commercial buildings is extended through 2013
# Existing tax credits on the following are extended through 2016: Home solar, fuel cells, microturbines, and “energy efficient property”.
# The credit limit for fuel cells is increased to $1,500
# Marine and hydrokinetic energy will qualify for renewable energy tax credits
# Residential wind turbines and geothermal heat pumps will receive a new 30 percent tax credit
* Investment in energy conservation bonds for consumption reduction projects is allowed a new tax credit
* Smart electric meters and grid systems get an accelerated 10-year recovery period
* Tax-exempt bonds for green building and sustainable designs have been extended through 2012

and coal
* Advanced coal projects receive a 30 percent investment tax credit rate

Also:

# The suspension of the taxable income limit on percentage depletion of oil and natural gas on marginal properties has been extended
# The tax deduction for domestic production by oil and gas companies has been reduced by 3 percent

added:

Originally Posted by Undertoad

I believe that is a BALK and the pitch count remains.

Rain delay....but NOT acid rain.

We have lowered the impact of acid rain as a result of strong environmental regulations and economically sustainable innovations (no adverse economic impact) like "scrubber" technology at power plants and catalytic converters for automobiles.

It is time to return to (and expand on) building on those environmental innovations as well as new energy alternatives...rather than "burying our heads in the sand" (one of Merc's favorite accusations of those who disagree with him) and throwing more money at the oil industry.