U.S. Sen. James Lankford seeks end to renewable energy tax credits

By Randy Krehbiel , Tulsa World.

A federal tax credit instrumental in the development of Oklahoma’s wind energy sector but irritating to natural gas producers and the coal industry is in U.S. Sen. James Lankford’s sights.

Lankford is introducing legislation Wednesday to phase out the renewable energy production tax credit over the next 10 years. The credit subsidizes all renewable energy production, including hydro, biomass and geothermal, but has particularly attracted the attention of lawmakers, and especially conservatives, in recent years because of wind power’s growing strength in the marketplace.

Read more...