Obama backs clean tax credits

Barack Obama wants to extend a US tax credit which supports clean energy manufacturing. Last week the US President said the Production Tax Credit – which gives a 2.2 US […]

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By Vicky Ellis

Barack Obama wants to extend a US tax credit which supports clean energy manufacturing. Last week the US President said the Production Tax Credit – which gives a 2.2 US cent per kilowatt hour credit for utility scale wind producers – should be extended after it expires in 2012. Some figures suggest nearly 30,000 American jobs in the wind sector will be lost next year if the PTC expires.