Fossil fuels and biodiesel were tax-break winners while solar and electric vehicles lost

Fossil fuels and biodiesel were tax-break winners while solar and electric vehicles lost

Biodiesel and renewable diesel were winners, on-shore wind power a conditional winner, and small-scale solar and electric vehicles counted among the losers for tax benefits in U.S. Congressional spending bills passed this week.

The $1.4 trillion spending package fails to include several measures to support power generation and transportation without burning the fossil fuels which are the main contributor to climate change.

As pressure builds for private industry to advance green initiatives, advocacy groups expressed concern at the loss of tax advantages in the wake of the Trump administration’s decision to pull the U.S. from the Paris Climate accord.

Gregory Wetstone, president of the American Council on Renewable Energy, described Congress’ failure to support for solar, wind and electric vehicles as a “squandered opportunity” because the tax code now “will do little for renewable growth and next to nothing to address climate change.”

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