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October 6, 2008
On October 3, the President signed H.R. 1424, the Emergency Economic Stabilization Act of 2008, into law. At long last, the fight for the extension of several key efficiency and renewable energy tax incentives - some of which were due to expire at the end of 2008 - has been won after numerous votes in both the Senate and House. Speaker Nancy Pelosi said the extension of these clean renewable energy tax incentives "will create and save half a million good-paying paying jobs in America immediately." Unfortunately, some incentives for high carbon fuels (oil shale, tar sands, etc.) were included in this package as well.
Some highlights of the energy package include: