Renewables Tapping Partnership Tax Plan Backed by Big Oil
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Renewable energy companies moved a step closer to accessing a tax financing structure that’s worth more than $350 billion as the American Petroleum Institute said it would back Congressional plans to expand the program.
Allowing wind farms and solar-power plants to organize under a corporate structure known as master-limited partnerships would help wean them from federal subsidies, Jack Gerard, president of the oil industry’s main lobby group, said today at the Bloomberg New Energy Finance Summit.