USFCC urges action on tax credit package

Solar/PV

Most Commented

Unified Communication for your Biz

Improve your contact center performance. See how you can make a difference.

Watch Now

Reach the ICT Community

Engage and build your ICT audience with CIOL online advertising.

Know more

USFCC urges action on tax credit package

Congress still has time to act on an energy tax bill that will protect American jobs and expand markets for fuel cell, solar and wind power

Wednesday, October 01, 2008

Email This

Print This

Comments

RSS

WASHINGTON, USA: Delay in adjournment this week means Congress still has time to act on an energy tax bill that will protect American jobs and expand markets for fuel cell, solar and wind power technologies, says a spokesman for the US Fuel Cell Council (USFCC).

"The delay gives Congress a last-minute opportunity to strengthen the marketplace foundation for the fuel cell, solar and wind power industries in these uncertain times," said Robert Rose, Executive Director of the USFCC. Support for extending the credits is strong and bipartisan, but the extension is hostage to other differences in tax policy, Rose said. "It's time to free these energy tax credits. Jobs are at stake, economic opportunities will be lost and the nation will also lose the environmental and energy security benefits that make these technologies a national priority."

According to two independent studies, at stake are between 500,000 and 675,000 new jobs over the next 20-25 years. Whether these jobs are located in the US or overseas will depend in substantial part on where favorable markets for fuel cells are located.

"Members of Congress are serious about putting us on a path of energy independence and creating green-collar jobs. Enacting the energy credits is the best way to prove it. Failing to act casts doubt on this commitment, fairly or not," said Rose.

"The fuel cell industry is making great strides in creating new job opportunities, mitigating green house gas emissions and providing users with clean, reliable power. But this momentum is fragile and relies on supportive tax policy," Rose said.

The 100-member US Fuel Cell Council, www.usfcc.com, is the voice of the fuel cell industry.

©CIOL Bureau

Would you like to on this article?

Be first to comment on this article

Name
Email
Your reply

Intuit Money Manager set to make India debut

China wooing Indian IT companies

Is China speaking English to beat Indian IT?

Obama visit arouses mistrust among China netizens

I have never used Twitter: Obama

TSMC dismisses reports on SMIC intervention

Bright days for high-end microprocessor cards

Sand 9 goes strong with its MEMS

Tanner EDA ties up with TowerJazz

Sale of Altis likely soon

	Simplify Business Management. ERP solutions by IBM
	Carry your Dream, Convey your Value with ZTE
	A fault tolerant server to reduce your TCO

	A must attend event for IT Professionals
	How to make your enterprise productive
	Unified Communication can impact business. Know how

	Making Web3.0 a Reality!
	CIOL Enterprise Next :What's NEXT in IT? :
	Decrease Total System Costs With Cyclone IV FPGAs

	Reach your desired Target Audience and realize high ROI
	Effective ways of Customer Acquisition through Demand Generation
	Reach 2,500 potential Enterprise Customers!