As part of his all-of-the-above energy plan, President Obama is pushing Congress to extend the wind energy production tax credit to invest in America’s wind industry and help create clean energy jobs that will strengthen our country’s economic and energy future. Mitt Romney, however, is opposed to the wind energy tax credit, preferring to let it expire while maintaining $4 billion in taxpayer subsidies to the oil and gas industry.
TIME’s Michael Grunwald takes a look the real impact President Obama’s investments have had on the energy industry and why Romney is fighting so hard against a clean-energy future:
Romney would say that the tax-credit issue goes to Obama’s penchant for supporting goodies for specific industries, which isn’t really fair, since as Obama often says but reporters rarely repeat, Romney and his party support outrageous subsidies and tax breaks for the spectacularly wealthy oil industry. But it’s true that Obama has tried to support clean energy in general, and the results have been remarkable.
For example, the generation of renewable electricity has doubled on Obama’s watch. The stimulus has financed the world’s largest wind farm, a half dozen of the world’s largest solar farms, the nation’s first refineries for advanced biofuels, a new battery industry for electric vehicles, unprecedented investments in cleaner coal and a smarter electric grid, and over 15,000 additional clean-energy projects. The Obama Administration has also approved the first 17 utility-scale solar projects on public lands, as well as historic new fuel efficiency and appliance efficiency standards that will dramatically reduce our energy consumption. Last year, the United States was the least dependent on foreign oil it’s been since 1995, and our greenhouse-gas emissions are dropping even though the economy is growing. ...
Wind and solar essentially were imaginary before Obama took office, but now they’re a real threat to the fossil-fuel status quo. That’s why their tax credits, which used to be renewed routinely with overwhelming bipartisan support, have become so controversial, and why Romney would risk alienating voters in windy swing states to oppose it. Ultimately, the argument over wind and clean energy, like so many arguments in this campaign, is an argument about change.
Let Romney know that you support the American wind industry, and share the facts with your friends.