Shahenn-Portman Energy Bill Stalls

Photo by CTPEKO3A; Flickr

The Energy Savings and Industrial Competitiveness (ESIC) Act is intended to spur the use of energy efficiency technologies in the residential, commercial, and industrial sectors of the economy.

According to a new study, Shaheen-Portman is estimated to create 136,000 new jobs by 2025. By 2030, the bill will also net annual savings of $13.7 billion and lower CO2 emissions and other air pollutants by the equivalent of taking 22 million cars off the road. Continue reading

Senate debates ethanol subsidies

Photo by Chazz Layne, Flickr

Tempers are flaring over a proposed elimination of ethanol subsidies. The Huffington Post reports that politicians, including Iowa Senator Chuck Grassley, are not short on opinions when it comes to this issue. Those in favor of the measure argue that the subsidies are unnecessary and too costly:

“The days of placing spending programs in the tax code and giving them holy status are over,” [Sen. Tom Coburn, R-Okla.] said. “Ethanol is bad economic policy, bad energy policy and bad environmental policy.”

Coburn’s measure is supported by conservative groups such as the Club for Growth and environmental groups such as the Sierra Club.

“The ethanol subsidy is an abomination, a bad deal for taxpayers and destructive to economic growth,” Club for Growth President Chris Chocola said. Continue reading