The President is looking to raise $32Billion per year from new revenues. Not everyone is a fan of this new idea, namely Congressman Paul Ryan who called this an “out of touch climate agenda.” The idea is very simple, add a $10 fee to every barrel of oil sold in the US. At today’s prices you are talking about a ~30% tax to oil. This would accomplish two things, first it would increase the price of gas so that people look for more efficient options and second it would provide the financial resource to invest in cleaner infrastructure or mass transportation.
- New York Times: Obama to Propose a $10-a-Barrel Fee on Oil
- Greentech Media: Does Nevada’s Controversial Net Metering Decision Set a Precedent for the Nation?
- CleanTechnica: The Looming Electricity Storage Threat Our Utilities Face
- Solar Industry: Massachusetts Backs Early-Stage Clean Energy Companies
- PV-Magazine: US – Cumulative solar installs top 28 GW, 16 GW of renewables installed in 2015
- Los Angeles Timess: Revamping the electric grid could yield huge cost savings, SolarCity report says
- Grist: The world’s biggest solar plant takes important step forward
- Utility Dive: Kauai co-op integrates over 70% solar, 90% renewables four times in January
Opinion
Have a great day!
Yann