Obama’s New Budget Does Stricken Oil And Gas Industries No Favors

President Barack Obama’s 2016 budget proposal is out; enjoy it while it lasts. The budget proposal features a significant boost in federal spending for green-energy technologies and carbon-critical policies – all initiatives likely to be met with staunch GOP opposition on Capitol Hill. First on the agenda is the tax code. Specifically, the Obama administration seeks to permanently extend the solar Investment Tax Credit (ITC) as well as reinstate the recently expired renewable electricity Production Tax Credit (PTC). The credits constitute…

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