Why Is Wall Street Profiting From Clean Energy Tax Credits?
Tax credits don’t give people money for solar panels and wind turbines up front. That’s where investors come in.
GABRIEL BOUYS/AFP/Getty Images
An early example of a wind farm, in 2006
Since they were first introduced in the 1970s, tax credits for renewables have helped scale up and dramatically reduce the cost of clean power in the United States. But in recent years they have also created opportunities for a small handful of major investment banks to skim billions off the top, extracting lavish fees and control over clean energy projects as part of deals shrouded in secrecy. Public power providers who serve nearly a third of retail electricity customers have trouble accessing clean energy tax credits at all.
Chariot Oil and Gas Limited (AIM:CHAR) | RNS | Chariot Oil & Gas Ld - Gas Market MOU Signed in Morocco proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
AIM-listed Chariot Oil & Gas has signed a Memorandum of Understanding ( MOU ) along with its partner the Office National des Hydrocarbures et des Mines ( ONHYM ) with the Ministry of Industry, Trade and Green and Digital Economy in Morocco. The MOU relates to the Ministry s support of Chariot and ONHYM s Anchois Gas Development project.
Gas Market Memorandum of Understanding Signed in Morocco
Moroccan Government Support for Value Accretive Gas Development
Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused transition energy company, is pleased to announce that it has signed a Memorandum of Understanding ( MOU ) along with its partner the Office National des Hydrocarbures et des Mines ( ONHYM ) with the Ministry of Industry, Trade and Green and Digital Economy ( Ministry ) in Morocco (the Parties ). The MOU relates to the Ministry s support of Chariot and ONHYM s Anchois Gas Development project as a potential provider of significant gas to the Moroccan gas market.
The MOU states that the Ministry will support the Anchois Gas Development to enhance job creation, regional integration through the development of strategic infrastructure and the promotion of clean and competitive energy for consumption by the Moroccan industrial sector. This reflects the Ministry s active promotion of the use of natural gas ext
- Chariot Oil & Gas Limited : Gas Market euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.