July 25, 2010 | admin | Comments 0

New energy legislation on the table, but passage soon is unlikely

In Washington, Congress is in now at work on clean energy bills ahead of the summer recess. Midwest Senators put a national renewable energy standard on the table with the introduction of a bill seeking a 25% renewable energy target by 2025. Senate Majority leader Harry Reid has put forward two clean energy bills of his own, including the Geothermal Exploration Act, which proposes a Department of Energy fund to provide loans to geothermal energy developers for “high risk” exploration and drilling. However, Senator Reid has since said he does not have enough support to move a renewable electricity production mandate promoting sources like solar and geothermal before the break.

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