The renewable energy hostage strategy seems to be gaining ground among Republicans.
The New York Times reports,
Assisted by technological innovation and years of subsidies, the cost of wind and solar power has fallen sharply — so much so that the two industries say that they can sometimes deliver cleaner electricity at prices competitive with power made from fossil fuels.
At the same time, wind and solar companies are telling Congress that they cannot be truly competitive and keep creating jobs without a few more years of government support.
Their efforts received a boost on Thursday from President Obama, who called for a package of tax credits for renewable power as part of a broader energy plan that he outlined while on a campaign swing through Nevada and Colorado.
But the lobbying by the wind and solar industries comes at a time when there is little enthusiasm for alternative-energy subsidies in Washington…
Republican leaders may look to revive the Keystone XL oil pipeline — as proposed, the pipeline would run 1,700 miles from oil sands in Canada to refineries on the Gulf Coast — as part of a compromise to approve the renewable energy credits, according to lobbyists and lawmakers involved in the discussions…
Related Reading: