From the Wall Street Journal--paid-subscription required.
The Obama administration is attempting to persuade U.S. corporations about the benefits of investing in renewable energy in an effort to help the industry after a government grant program expired.More...
The Department of Energy-led effort includes a planned March 13 meeting at which senior financial-firm executives and Energy Secretary Steven Chu would speak, documents viewed by Dow Jones Newswires and The Wall Street Journal show.
The idea is to tell companies with big tax bills about the “attractive rates of return and brand benefits” that come with entering the so-called tax equity markets in renewable energy, according to a Feb. 6 letter to invitees from Richard Kauffman, a senior adviser to Mr. Chu .. A list of potential expert attendees includes officials from Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Google Inc. Mr. Kauffman, hired in September, is a former executive at Goldman and most recently ran the clean-energy-investment firm Good Energies.Clearly Obama still favors unproven sources of energy. Up in Canada, their prime minister is looking to export oil to China because the president blocked the construction of the Keystone XL pipeline, which will bring a proven source of energy to America.
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