Republicans are just gumming up the works. They are being obstructionists to protect oil and gas profits, plain and simple.
http://www.nytimes.com/2008/08/13/opinion/13friedman.html?em
Both the wind and solar industries depend on these credits — which expire in December — to scale their businesses and become competitive with coal, oil and natural gas. Unlike offshore drilling, these credits could have an immediate impact on America’s energy profile.
Senator McCain did not show up for the crucial vote on July 30, and the renewable energy bill was defeated for the eighth time. In fact, John McCain has a perfect record on this renewable energy legislation. He has missed all eight votes over the last year — which effectively counts as a no vote each time. Once, he was even in the Senate and wouldn’t leave his office to vote.
“McCain did not show up on any votes,” said Scott Sklar, president of The Stella Group, which tracks clean-technology legislation. Despite that, McCain’s campaign commercial running during the Olympics shows a bunch of spinning wind turbines — the very wind turbines that he would not cast a vote to subsidize, even though he supports big subsidies for nuclear power.
Barack Obama did not vote on July 30 either — which is equally inexcusable in my book — but he did vote on three previous occasions in favor of the solar and wind credits.
The fact that Congress has failed eight times to renew them is largely because of a hard core of Republican senators who either donÂ’t want to give Democrats such a victory in an election year or simply donÂ’t believe in renewable energy.
What impact does this have? In the solar industry today there is a rush to finish any project that would be up and running by Dec. 31 — when the credits expire — and most everything beyond that is now on hold. Consider the Solana concentrated solar power plant, 70 miles southwest of Phoenix in McCain’s home state. It is the biggest proposed concentrating solar energy project ever. The farsighted local utility is ready to buy its power.
But because of the Senate’s refusal to extend the solar tax credits, “we cannot get our bank financing,” said Fred Morse, a senior adviser for the American operations of Abengoa Solar, which is building the project. “Without the credits, the numbers don’t work.” Some 2,000 construction jobs are on hold.
Roger Efird is president of Suntech America — a major Chinese-owned solar panel maker that actually wants to build a new factory in America. They’ve been scouting the country for sites, and several governors have been courting them. But Efird told me that when the solar credits failed to pass the Senate, his boss told him: “Don’t set up any more meetings with governors. It makes absolutely no sense to do this if we don’t have stability in the incentive programs.”
