Inside The Mind Of An Automotive Geek

Thursday, January 31, 2008

AWEA Thanks Senate Financial Committee

The threat of global warming is very serious and it is a good thing that industries are taking the right attitude towards protecting the environment. Automakers have started producing fuel efficient vehicles which will reduce the consumption of non-renewable petroleum fuel and production of greenhouse gas which contributes heavily to global warming.

The American Wind Energy Association is one industry that is helping to promote the use of eco-friendly energy sources. Recently, the association thanked the Senate for extending the expiring tax credits for companies which are developing eco-friendly technologies.

According to The Auto Channel, the group issued a statement through AWAE Executive Director Randall Swisher. "The American Wind Energy Association, on behalf of our more than 1200 member companies, commends the Senate Finance Committee for including an extension of the expiring tax credits for wind, solar, and other renewable energy technologies as part of its economic stimulus package," reads the statement.

"The extension of the production tax credit (PTC) is urgently needed to protect tens of thousands of U.S. manufacturing and construction jobs and create tens of thousands more, and to keep investment flowing into one of the fastest-growing and brightest sectors of our economy: renewable electricity. Failure to extend the expiring renewable electricity credits would put 75,000 U.S. jobs at risk solely as a result of the decline in wind energy investment. Tens of thousands of additional jobs will be threatened because of similar slowdowns in the solar, geothermal and other renewable electricity industries," Swisher added further.

"We urge the full U.S. Senate to move quickly to adopt the Finance Committee stimulus package that includes the PTC extension. Rapid action is pivotal if wind, solar and other renewable energy industries are to continue to grow, attract large-scale manufacturing investment and create jobs for Americans across the country."

Hopefully, the AWEA will soon power all homes in the United States with clean energy.



posted by AutoGeek at 7:01 PM

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