Obama awards $2.3 billion in clean-energy tax credits

[ad_1]

The Obama administration today announced that 183 companies, including PPG Industries Inc. and Itron Inc., will get a total of $2.3 billion worth of tax credits for clean-energy manufacturing projects in 43 states.

The tax credits are part of the $787 billion stimulus President Barack Obama pushed through Congress last year, and announcement of the companies that got the credit coincides with a Labor Department report that the U.S. lost 85,000 jobs in December.

The projects getting the tax credit are forecast by the administration to create more than 17,000 jobs.

“Building a robust clean-energy sector is how we will create the jobs of the future – jobs that pay well and can’t be outsourced,” Obama said in remarks today at the White House.

Obama said that, while the U.S. has “pioneered the use of clean energy,” it is being “outpaced” by countries including China,…

[ad_2]

Read the full article from the Source…

Back to Top