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U.S. Wind Tax Credit Extended in Fiscal Cliff Compromise

2013-01-02 17:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The last-minute tax deal brokered by U.S. lawmakers to avert the so-called fiscal cliff included a one-year extension of the wind energy tax credit, a subsidy that industry officials say is critical for the growth of the wind energy sector. The bill, which now awaits President Obamas signature, preserves the 2.2-cents-per-kilowatt-hour credit for all wind energy projects that begin construction in 2013, allowing projects that are not completed until 2014 to qualify, as well. While the wind energy...

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Wind energy tax credits survive as Congress passes fiscal cliff deal

2013-01-02 10:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Gigaom: Congress approved a fiscal cliff deal on Tuesday and in it included an extension of the wind energy tax credits for wind projects built in 2013. The wind energy industry is breathing a sigh of relief and says 37,000 jobs will be saved. The wind energy industry in the U.S. breathed a sigh of relief as Congress passed a fiscal cliff deal on Tuesday that included an extension of the wind energy tax credits for wind projects that start in 2013. The wind energy tax credits - which began in the early...

Tags: energy tax deal credits

VIDEO: WPP's Sorrell reignites tax row

2013-01-02 09:06:10| BBC News | Business | UK Edition

As Sir Martin Sorrell, chief executive of advertising group WPP, moves his HQ back to London, his comments could reignite the corporation tax row.

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'Fiscal Cliff' Deal Gives Wind Energy Tax Credit 1-Year Lifeline

2013-01-02 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Desert Sun: A one-year extension of a key tax credit for the wind industry made it into the fiscal cliff deal the U.S. Senate and House passed on Tuesday. The tax credit, which has been a major driver for wind development across the U.S. over the past two decades, is worth 2.2 cents per kilowatt-hour of energy produced by new wind installations for their first 10 years of operation. A White House news release confirmed that the production tax credit extension is included in the Senate package that the...

Tags: credit energy tax deal