Clean Energy Jobs and Oil Company Accountability Act Draft Summary Update
Posted on August 3, 2010
Late today, Senate Majority Leader Harry Reid released a draft summary of his “Clean Energy Jobs and Oil Company Accountability Act.” Included in that bill are “Natural Gas Vehicle and Infrastructure Development” provisions. While we haven’t seen the final language of the proposal, this program looks very advantageous for the NGV industry. These provisions do NOT provide tax credits (like the NAT GAS Act does). Instead, for vehicle purchases, it makes the payments as “rebates.” In some ways, this is superior to tax credits. For infrastructure, it makes the payments as grants. It does not include the VETC fuel credit.
Below is our summary of the NGV provisions of the bill and our news release commending Sen. Reid. As more detail is made available we will update the summary and that will be available on our website.
NGV America Reid Press Release
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