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US Senator Feinstein speaks out for renewable energy financing

Feinstein says GOP bill would halt energy projects Washington Post,   By KEVIN FREKING, The Associated PressWednesday, February 16, 2011 WASHINGTON — Democratic Sen. Dianne Feinstein says renewable energy projects across the country will be jeopardized if House Republicans are successful in scaling back a program that helps companies gain financing for solar, wind and geothermal plants, and transmission lines.The House is considering legislation to fund the federal government through Sept. 30. As part of their budget proposal, GOP lawmakers want steep cuts to a federal loan-guarantee program.

Feinstein says the GOP’s effort, if successful, would halt dozens of projects around the country, many in the West. It would prevent the Department of Energy from finalizing any more loan guarantees, which help companies finance projects at lower interest rates.

Feinstein says GOP bill would halt energy projects

February 17, 2011 - Posted by Christina Macpherson | general