The recession is getting worse, with the jobless count steadily rising and credit markets still far from operating smoothly. A big part of the problem is that government bailouts are encouraging banks to mask the extent of their balance-sheet problems. It’s time for the banks to come clean if the economy is going to restart.
Since the tax credits for renewable energy were incorporated into the financial bailout plan that became law last week, green businesses have breathed a sigh of relief.
But green business owners know that they face obstacles. This week, E&ETV looked at some of them in an interview with Natural Resources and Defense Council energy analyst Jim [...]
A bill to renew federal tax credits for solar and wind energy has been stuck in Congress all year. That’s made business owners and employees in the industry uneasy.
But the credits may not be dead. Senate leaders decided to attach the renewable energy bill that prolongs the credits onto the $700-billion financial bailout package that [...]