As a member of both the energy and environment committees, I am constantly astounded by how many of my colleagues prefer to focus on what the government can do for the nuclear or coal industries rather than why the government should support clean and sustainable energy.
Most of us have not heard about Master Limited Partnerships. These special financing arrangements allow oil and gas investors to avoid paying certain corporate income taxes, but are not available to clean energy businesses.
We all remember the BP oil disaster in the Gulf of Mexico, the worst oil spill in U.S. history. What is less well known is that BP is claiming a 9.9 billion tax deduction on the money they had to spend cleaning up their own mess and paying for damages they caused. That is absurd.