U.S. Congress May Extend Oil & Gas Tax Benefits to Renewable Energy Developers

Bloomberg reported that U.S. Congress may be extending some of the same tax benefits that they give to oil and gas companies to renewable energy developers.

As quoted in the market report:

This treatment — available to oil and gas projects and a limited number of traditional fossil fuel-related industries — gives them access to private capital at a much lower cost than investors in other energy projects, said Senator Chris Coons, the Delaware Democrat who sponsored the bill.

To view the whole Bloomberg report, click here.