Provide Equal Benefits for Renewable Energy Producers

solar-panels-h080-flickr

Target: United States Congress

Goal: Provide the same tax benefits and financing to renewable energy producers that coal, oil and natural gas producers have received for decades

Renewable energy producers do not currently receive the tax and financing benefits that coal, oil and natural gas producers have had for 30 years. Urge Congress to pass a bill that would allow renewable energy producers to compete in the open market for private investors on equal footing with dirty energy producers.

Congress has allowed oil, coal and natural gas producers to form Master Limited Partnerships (MLPs) since 1980. MLPs allow energy producers to raise capital on the stock market while also receiving tax benefits. The Master Limited Partnerships Parity Act would finally allow renewable energy, including wind and solar power producers, to form MLPs. This would be an important step in making renewable energy a more attractive investment on the open market, and in turn provide clean energy the boost it needs for continued development.

It is vital that we invest in cleaner energy production as science comes to a consensus that climate change is occurring. Renewable energy must be cost-competitive with dirty energy in order to succeed in the private investment market. Tell Congress that renewable energy producers deserve the same benefits as coal, oil and natural gas.

PETITION LETTER:

Dear members of Congress,

I urge you co-sponsor and pass the Master Limited Partnerships Parity Act that would allow renewable energy producers the same benefits as dirty energy producers have received for decades.

The Master Limited Partnerships Parity Act would close the gap between renewable energy producers and oil, coal and natural gas producers by allowing renewables to form Master Limited Partnerships (MLPs) for the first time, which would allow them to raise capital and receive special tax benefits. Oil, coal and natural gas producers have been able to form MLPs since 1980. It is only fair that you extend the same benefits to energy producers that are working for a sustainable future.

Renewable energy must be cost-competitive with dirty energy in order to succeed in the private investment market. Scientists have made it clear that climate change is hastened by old and dirty methods of energy production. It is vital that we invest in clean and renewable energy.

Open the market for renewable energy and help create clean energy jobs. Pass the Master Limited Partnerships Parity Act.

Sincerely,

[Your Name Here]

Photo credit: h080 via Flickr

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One Comment

  1. Vanessa Solis Vanessa Solis says:

    Level the playing field for renewable energy producers!

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