One of the least reported but most important stories of this congress is their failure to renew the Renewable Energy Tax incentives necessary for industries such as wind, solar and geothermal to compete with the heavily subsidized death fuels (nuclear, oil, coal and natural gas). With the threato of a Bush veto and the inability to get enough votes to avoid a filibuster, the slim Democrat majority found itself in a stand-still.
Behind the heavy Republican opposition stand many of the big energy firms, from Big Oil, to large Utilities, desperately swimming against the current in order to maintain their profits in a rapidly warming world.
There is one corporation that is fighting back, and it shows a great example of how Market Capitalism can be regulated to make sure that Big Companies do Good Things.
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