Connolly, SEEC Urge Elimination Of Federal Tax Breaks For Oil And Gas Companies
Washington, April 7, 2021
This week, Co-Chair Rep. Gerry Connolly joined Vice-Chair Rep. A. Donald McEachin and fellow leaders of the House Sustainable Energy and Environment Coalition (SEEC), including Co-Chairs Reps. Doris Matsui and Paul Tonko, and SEEC Vice-Chairs Reps. Chellie Pingree, Alan Lowenthal, Mike Quigley, and Matt Cartwright submitted testimony to the Ways and Means Committee for its Member Day hearing. The leaders called for a decade-long platform for key clean energy tax credits in order to create clean energy jobs, spur economic growth, and reduce pollution while building back better. They also urge elimination of tax breaks for oil and gas companies within the U.S. tax code. These policies will be an important part of a broader effort to invest in infrastructure, spur recovery, and address the climate crisis.
The testimony reads in part:
“As the leaders of the Sustainable Energy and Environment Coalition (SEEC), we write to urge you to prioritize the passage of critical clean energy tax policies this year. We believe there is new opportunity this year to grow many great provisions included in the GREEN Act, and it’s an opportunity we cannot afford to miss. With the dual challenge of addressing the climate crisis and spurring a strong, equitable economic recovery, we must work to advance critical clean energy tax credits now as part of a broader climate-focused recovery effort.”
A signed copy of the testimony can be found here.