Washington, DC – In response to the one-year extension of renewable energy tax credits included in the “fiscal cliff” legislation to be signed by President Barack Obama, World Wildlife Fund (WWF) issued the following statement from Vice President for U.S. Government Relations Todd Shelton:
“By extending tax incentives that support the development of new sources of renewable wind energy, including the Production Tax Credit (PTC) and the offshore wind Investment Tax Credit (ITC), Congress and the Obama Administration are not only protecting the American wind industry and the tens of thousands of clean energy jobs it provides -- they are also helping to reduce our nation’s dependence on fossil fuels and the resulting carbon emissions that are driving catastrophic climate change.
“When combined with the growing interest among the largest U.S. companies to source clean energy, the extension of these tax credits will further strengthen private investment in U.S. renewable energy production and help to bring more American wind power to the market.”
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