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Tax Breaks, Other Energy Items on Congressional Agenda

Congress is officially back in session, and several important energy-related issues loom on the horizon, including TSCA reform and a tax extenders package that could potentially impact renewable energy tax credits.  President Obama, meanwhile, wrapped up a trip to the Arctic last week, announcing several funding initiatives designed to encourage energy efficiency in Alaska and elsewhere.

On the state level, the California state assembly voted to divest its public pension funds – which manage close to $500 billion – from coal.  In the private sector, General Mills committed to invest $100 million in clean energy, working with suppliers across its entire production line to reduce greenhouse gas emissions by 28% by 2025. For more information on these energy-related developments on Capitol Hill, read this week’s MLS update.

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David Leiter