September 26, 2019 Gregory Wetstone Sustainable investing has quickly become one of the biggest finance trends in America, with a $12 trillion market and steady growth topping $1 trillion annually. Today, it represents approximately one out of every four dollars in total U.S. assets under management. Yet, many would be surprised to learn that the…
With the Senate version of the Tax Cuts and Jobs Act (H.R. 1) passing on December 2, we’re now in the midst of House-Senate Conference for resolution of the differences between the two bills. The differences are quite significant, which suggests an intensive and difficult negotiation over the next number of days as they seek…
The Wall Street Journal published a misguided editorial over the weekend that supported the House tax bill’s damaging provisions to retroactively revise wind incentives. I wanted to share ACORE’s response in my letter to the editor, which was published in print on Nov. 15 as the lead response to their editorial (full text below). Wind, Solar Are Shedding Subsidies. Oil?…
Environmental Protection Agency Administrator Scott Pruitt.The Hill As reported recently by The Hill, Environmental Protection Agency Administrator Scott Pruitt thinks the solar investment tax credit and wind production tax credit should be eliminated. Speaking at an event in Kentucky, Pruitt said “I would do away with these incentives that we give to wind and solar…I’d let…
This year’s annual National Renewable Energy Policy Forum, hosted by ACORE, took place on the heels of an important policy update for key technologies. In December 2015, Congress approved a combined tax and budget package giving wind and solar what amounts to between five and seven years of policy “certainty” for investors and developers. But tax…