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USA Republicans out to destroy action on climate change

tax breaks for the oil industry appear secure, despite Obama’s expected proposal to cut them, Salisbury said. Obama previously has proposed ending the tax breaks to pay for clean-energy programs. Salisbury said the idea will not withstand opposition from Republicans and Democrats from oil-rich states. Meanwhile, Republicans proposed cutting billions from the budget of the Environmental Protection Agency.

GOP proposed cuts hit renewables, protect fossils – Bloomberg, 11 Feb 2011, WASHINGTON (AP) — Proposals from Republican lawmakers could limit funding for clean energy projects while protecting the profits of fossil fuel companies, an analyst said. Republicans have proposed cutting $1.4 billion from a Department of Energy loan guarantee program that supports renewable energy projects such as wind farms, solar installations and nuclear plants, FBR Capital Markets analyst Benjamin Salisbury said in a research note
Thursday.

The nation’s mounting budget deficit also will make it tough for President Barack Obama to increase incentives for electric- and natural gas-powered vehicles, Salisbury said.

But tax breaks for the oil industry appear secure, despite Obama’s expected proposal to cut them, Salisbury said. Obama previously has proposed ending the tax breaks to pay for clean-energy programs. Salisbury said the idea will not withstand opposition from Republicans and Democrats from oil-rich states.

Meanwhile, Republicans proposed cutting billions from the budget of the Environmental Protection Agency. That’s seen as helping oil and coal companies, since the EPA administers the Clean Water Act, Clean Air Act and other laws regulating the extraction and burning of fossil fuels.

Republicans also want to eliminate the EPA’s new authority to regulate greenhouse gasses — currently one of the gravest threats to companies that extract fossil fuels and burn them to generate power….

GOP proposed cuts hit renewables, protect fossils – Bloomberg

February 11, 2011 - Posted by Christina Macpherson | renewable, USA