Unpredictable Clean-Energy Policies Hurt U.S., Senator Says - Bloomberg
The lack of consistent U.S. support for clean-energy production has put the nation at a disadvantage with China, where the government has been investing in companies, a senior Senate Democrat said.
“The U.S. cannot compete on a level playing field with countries that have strong industrial policies when our own policies have been so inconsistent and erratic,” Senator Jeff Bingaman of New Mexico, chairman of the Energy and Natural Resources committee, said today at a hearing in Washington. Clean-energy manufacturers in China and the U.S. are grappling with an economic downturn, and government aid to boost production has added to tensions between the nations. The Obama administration in May imposed duties on solar- and wind-energy imports from China, while the Beijing government filed a complaint with the World Trade Organization alleging that U.S. anti-subsidy measures undercut $7.3 billion in Chinese goods, including solar panels.
Thursday, June 14, 2012
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