Clean Capitalist Coalition Applauds Rep. Tom Reed’s Energy Sector Innovation Credit Act of 2018

The Clean Capitalist Coalition praised the introduction of H.R. 7196, Rep. Tom Reed (NY-23)’s Energy Sector Innovation Credit Act of 2018, which will provide investment and production tax credits for emerging energy technologies. The bill was introduced on Thursday with cosponsors Rep. Darin LaHood (IL-18) and Rep. Erik Paulsen (MN-3).

The Coalition, comprised of advanced energy and free-market organizations, scholars and experts, praised the bill’s key attributes, such as empowering new technology startups to compete with established businesses; improving energy efficiency; expanding investment tax credits; and moving away from duplicative, overlapping policies that tend to pick winners and losers in the energy sector.

“Individual members of the Coalition may prioritize policy goals differently, but we all agree that the path forward must be guided by pro-business, pro-environment principles. Rep. Reed’s bill hits those markers,” said Charles Hernick, a founding member of the Coalition and Policy Director at Citizens for Responsible Energy Solutions (CRES) Forum.

“We look forward to building support for H.R. 7196 in the months ahead. This kind of innovation is what Clean Capitalism is all about,” continued Hernick.

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The Clean Capitalist Coalition is a group of policy institutes, advocacy organizations, scholars and experts working together to explore and develop innovative policy ideas that reduce barriers to clean free enterprise and conservation, to reduce pollution while increasing inclusive prosperity and freedom.