Despite record recent growth, India’s renewable energy industry remains underserved, largely due to the lack of available long-term funding availability from financial institutions. The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved $250 million in financing to help India’s infrastructure lender increase its renewable energy [...]
Senate Wants to Keep Oil Subsidies Despite Record Oil Company Profits
March 29, 2012 By 1 Comment
The Senate voted against another chance to eliminate tax breaks from oil companies and apply those funds to extend renewable energy tax incentives and to reduce the US deficit. In a 51-47 vote, Sen. Robert Menendez’s (D-NJ) bill was voted down. Obama made the case for repealing the oil company subsidies, and instead routing the [...]
