Obama Energy Chief Backs Effort to Encourage Renewable Investments
by Zack Coleman (The Hill E2Wire) The Obama administration lent its support Wednesday to a congressional effort that would open a financing structure for renewable energy.
Energy Secretary Steven Chu called on Congress to approve legislation that would let investors utilize master limited partnerships for renewable energy, which he said would spur development.
…Currently, the mechanism is available only to coal, gas and oil projects. It has been instrumental in funding pipeline construction across the country. READ MORE