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FOR IMMEDIATE RELEASE
November 1, 2011

Contact: Jack Thirolf
Email: [email protected]  
Office: 202.785.0507


BCSE Urges Congress to Support Tax Policies to Spur Investment, Achieve Long-Term Energy Policy Objectives

Washington, DC—In a letter sent today to the heads of the House Ways and Means and Senate Finance Committees, the Business Council for Sustainable Energy (BCSE) called on Congress to continue its long-standing support of a broad array of clean energy tax incentives to spur investment, create jobs, and diversify the nation's energy portfolio. These tax incentives, the letter argues, support a well-reasoned national energy strategy, strengthen the economy, and increase American competitiveness in the global marketplace.

The letter highlights a diverse set of clean energy tax policies, including measures that encourage renewable energy development and cost-reduction, that spur investments in energy efficiency, and that lower the cost of natural gas exploration.

“As Congress contemplates federal spending decisions and tax policy this fall, we wish to tell policymakers that tax incentives can be effective, efficient tools to encourage private sector investment and reduce costs for energy users,” said Lisa Jacobson, BCSE President, emphasizing the letter’s core message.

Adding his support, George Williams, Chairman of the BCSE Board of Directors and Director of Government Affairs for Sempra Energy noted, “Natural gas, renewable energy, and energy efficiency are all crucial to America’s economic future and energy security. Matching tax policy to those priorities is absolutely essential.”

“Tax policy is an important factor in our company’s decisions to invest hundreds of millions of dollars into the American economy to develop renewable energy projects,” said Francesco Venturini, President and CEO of Enel Green Power North America, a BCSE member company with 72 operating plants across 21 states powered by renewable hydropower, wind, geothermal, and biomass energy. “Support for these tax policies is essential in providing the regulatory certainty that helps put capital to work and create jobs,” he added.

The BCSE is a coalition of companies and trade associations from the energy efficiency, natural gas and renewable energy sectors, and also includes independent electric power producers, investor-owned utilities, public power and commercial end-users. Founded in 1992, the Council advocates for policies that expand the use of commercially-available clean energy technologies, products and services. The coalition’s diverse business membership is united around the revitalization of the economy and the creation of a secure and reliable energy future for America.

A PDF version of this release is available here.