Good news for bi-partisan clean-energy solutions!
Right now, a pair of bills -- one in the House, and one in the Senate -- may be on their way toward correcting a bias written into the tax code that favors fossil-fuel investingover clean-energy investing.
The Master Limited Partnerships (MLP) Parity Acts would end restrictions on clean-energy ventures seeking to organize as MLPs, opening up access to easy, low-cost capital previously reserved only for the fossil-fuel industry.
Tell your reps to support these bills »
"Our bill just allows renewable energy projects to compete fairly," says Sen. Chris Coons (D, DE), sponsor of the Senate bill. "It gives anequal chance for success for projects using energy from wind and the sun, the heat of the Earth, and biomass; breakthrough technologies for affordable homegrown energy for generations to come."
The "all-of-the-above" philosophy of the bills (which do not alter the MLP availability for fossil fuels) has attracted Republican support in both houses of Congress, increasing the chances of its success.
We hope you'll join us in pushing Congress to do the right thing and level the playing field on renewable energy by opening up MLP advantages previously reserved for fossil fuels.
Thanks for all you do,
Climate Action Program Director
P.S. Looking to invest in clean energy now? Check out our list of fossil-free investing resources at greenamerica.org/fossilfree. We've collected fossil-free mutual funds, clean-energy mutual funds, and financial planners with a fossil-free focus all on one page. Here's to investing in renewables!