Welcome! Login | Register
 

RI Pension System’s Top 20 Highest Paid Investment Managers—See which investment firms are paid the highest…

NEW: Rhode Island Unemployment Rate Falls Again for February—The RI Department of Labor and Training announced…

Carol Anne Costa: Thanks Mika!—In the words of Mika Brzezinski, “Every day…

Sex Trafficking Bill Passes Committee, Moves to House for Vote—The House Judiciary Committee has heard and passed…

The Rolling Stones’ Lisa Fischer Coming to Park Theatre—You may not recognize her name, but you’ve…

Providence Police to Host Fundraiser Benefitting Kids With Cancer—Providence Police will be hosting a Fundraiser on…

Woonsocket’s Connecting For Children and Families Kick Off $1.2M Fundraiser—Connecting for Children and Families is moving into…

5 Ways to Watch the Sweet 16 with No Local Team to Root For—There are only 16 teams remaining in the…

Leather Storrs: Why You Should Stop Buying Salad Dressing—Leather Storrs: Why You Should Stop Buying Salad…

Riley: Negative Return on Fiscal Year 2015—In early March after reading the most recent…

 
 

video: NEW: Langevin Warns of Fiscal Cliff Impact on Clean Energy Development

Wednesday, December 12, 2012

 

Continuing his push for a deal that averts the damaging effects of the fiscal cliff, Congressman Jim Langevin (D-RI) is highlighting the consequences for clean energy jobs in Rhode Island and nationwide if a balanced agreement is not reached. Speaking on the House floor today, Langevin specifically pointed out that investments in wind energy would be slashed through the expiration of the Production Tax Credit at the end of the year and potentially through the impact of automatic across the board cuts, known as sequestration, on research and development. He joined fellow members of the Sustainable Energy and Environment Coalition to advocate that any budget deal must recognize the significant economic benefits of having a robust clean energy industry.

Langevin has strongly supported wind energy, recognizing the potential for Rhode Island to lead in this area and boost the state’s economy. He has advocated for the state to be the site of the nation’s first offshore wind farm and has previously worked to help renew the Production Tax Credit, which provides an income tax credit of 2.2 cents per kilowatt-hour for the production of electricity from utility-scale turbines.

Across the country, wind energy is one of the fastest growing drivers of new American manufacturing jobs, with the American Wind Energy Association reporting that more than 60 percent of all of the turbines installed in the U.S. are produced domestically, in large part due to the wind Production Tax Credit. Furthermore, median wage salaries are 13 percent higher in green energy careers than the economy average and the clean energy sector is growing at nearly double the rate of the overall economy.

 

 

 

Enjoy this post? Share it with others.

 
 
:)