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Stimulus To Fund Renewables, Energy Efficiency, Grid

UPDATE:Stimulus To Fund Renewables, Energy Efficiency, Grid

CNN Money By Ian Talley

Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Congress will funnel more than $40 billion into clean energy and efficiency programs – and offer around $20 billion in tax breaks – as part of a near $800 billion stimulus bill designed to jolt industries into life across the economy.

The provisions in the bill – a deal hammered out between House and Senate negotiators late Wednesday that still needs to be passed by both chambers – will primarily give a major boost to renewable energy, electricity transmission and energy efficiency sectors…………………….. “The plan…will save or create more than 3.5 million jobs over the next two years…will ignite spending by businesses and consumers and make the investments necessary for lasting economic growth and prosperity,” Obama said Wednesday at a stop in East Peoria, Ill., one of many towns across the country hit hard by the economic meltdown.

UPDATE:Stimulus To Fund Renewables, Energy Efficiency, Grid

February 13, 2009 - Posted by Christina Macpherson | ENERGY, USA