Senate Finance Hammers Clean Energy Incentives

WASHINGTON, D.C. – The Senate Finance Committee unveiled its portion of a massive legislative package that would provide tax cuts for the wealthiest. The measure would repeal or radically scale back tax incentives for clean energy, electric vehicles, hydrogen, and more, putting crucial investments into doubt, cutting jobs, and raising costs for households and drivers.

The following is a statement from Jackie Wong, senior vice president for climate & energy at NRDC (Natural Resources Defense Council): 

“At a time when electricity demand and prices are skyrocketing, this is the exact opposite of what is needed. Republicans are choosing tax cuts for billionaires at the expense of our pocketbooks and our health.

“This is a 20-pound sledgehammer swung at clean energy. It would mean higher energy prices, lost manufacturing jobs, shuttered factories, and a worsening climate crisis.

“Senators should take a hard look at the businesses creating jobs in their states and the reality of spiking electricity bills. There’s still time to change course and put forward a measure that would actually benefit the American economy and the American people.”

NRDC (Natural Resources Defense Council) is an international nonprofit environmental organization with more than 3 million members and online activists. Established in 1970, NRDC uses science, policy, law and people power to confront the climate crisis, protect public health and safeguard nature. NRDC has offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Beijing and Delhi (an office of NRDC Indi\a Pvt. Ltd).