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House Ways and Means Committee Chairman Kevin Brady, R-Texas, talks to reporters at the Capitol after Republicans signed the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)
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Tax bill boosts oil, gas drilling _ and renewable energy

J. Scott Applewhite

Tax bill boosts oil, gas drilling _ and renewable energy

A tax bill moving forward in Congress would boost traditional forms of energy such as oil and gas while also supporting renewable energy such as wind and solar power

WASHINGTON (AP) — A tax bill moving forward in Congress would boost traditional forms of energy such as oil and gas while supporting renewable energy such as wind and solar power. It also would extend a hand to buyers of electric cars.

An agreement by House and Senate negotiators would open Alaska’s Arctic National Wildlife Refuge to drilling, while preserving tax credits for wind power and other clean energy. The bill also extends a tax credit of up to $7,500 for purchases of plug-in electric vehicles such as the Tesla Model 3 and Chevrolet Bolt.

Opening the remote Arctic refuge to oil and gas drilling is a longtime Republican priority that most Democrats fiercely oppose. The 19.6-million-acre refuge is home to polar bears, caribou and other wildlife.

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First Published: December 15, 2017, 5:00 a.m.
Updated: December 15, 2017, 11:21 p.m.

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House Ways and Means Committee Chairman Kevin Brady, R-Texas, talks to reporters at the Capitol after Republicans signed the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)  (J. Scott Applewhite)
House Ways and Means Committee Chairman Kevin Brady, R-Texas, talks to reporters at the Capitol after Republicans signed the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)  (J. Scott Applewhite)
J. Scott Applewhite
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