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Ocean Renewable Energy Coalition Supports S.1511

June 5, 2007
The Marine and Hydrokinetic Renewable Energy Promotion Act

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S. 1511 is the companion Bill to H.R. 2036 which was introduced by Representative Inslee a few weeks ago. S. 1511 was introduced the day before the Memorial Day recess by Senators Akaka, Murkowski, and Snowe. The Bill is identical to H.R. 2036 with one exception-a provision that requires companies to choose either a Production Tax Credit, or an Investment Tax Credit-a realistic provision given that no-one would be allowed both.

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About: Ocean Renewable is a newly formed trade association founded to promote energy technologies from clean, renewable ocean resources. more »
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