Statement from E2 Federal Advocacy Director Sandra Purohit
WASHINGTON (December 19, 2019) – Yesterday, the U.S. Senate passed a bill to fund the government through 2020. The funding package includes needed increases in funding for Department of Energy research into clean energy technologies of the future. However, the final legislation negotiated failed to include clean energy and electric vehicle tax credits and modifications that would have supported deployment of existing renewable energy and clean transportation options into America’s economy.
The following is a statement from Sandra Purohit, federal advocacy director for the national, nonpartisan business group E2 (Environmental Entrepreneurs):
“While we are encouraged to see the sorely needed increase in clean energy research funding that will spur new business opportunities and growth, the accompanying tax extenders package failed to meet the needs of businesses currently employing millions of Americans in deploying clean energy and energy efficiency technologies across the country.
“The lack of robust clean energy and energy efficiency tax provisions risks weakening U.S. investment at a time when the rest of the world is doubling-down on clean technologies—threatening our global competitiveness and American jobs. We urge Congress to find a way in 2020 to pass these vital extenders.”
Last month, more than 550 business leaders, investors and others from industries and states across the country sent this letter to congressional leadership amplifying the importance of clean energy tax extenders to our economy and our environment.
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Additional Resources:
To speak with E2 staff and our member business leaders in states across the country who support strong clean energy tax provisions, please contact Michael Timberlake at (202) 289-2407 or mtimberlake@e2.org.
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Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.