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Page added on July 30, 2008

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U.S. bill renewing clean energy credits fails vote

WASHINGTON, July 30 (Reuters) – U.S. legislation extending renewable energy and energy-efficiency tax credits failed a key procedural vote on Wednesday and lawmakers will now set the bill aside, at least temporarily.

The extensive tax package includes measures providing an eight-year extension of solar energy investment credits, and a one-year extension of tax credits for biodiesel, renewable diesel and wind power.

The bill required 60 “yes” votes in the 100-member Senate to move forward, but received only 51, with 43 opposed.

Reuters UK

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