March 29th, 2011
As Congress threatens to punch holes in domestic spending with its latest budget resolution, 34 clean tech and clean energy CEOs have come together to fight for the federal loan guarantees their projects depend upon.
Without the loan guarantees from the Department of Energy, many pending clean energy projects will stall or be shuttered, creating huge job losses in several states and pushing back American progress on developing new, domestic sources of power, the CEOs wrote to Congressional leaders today.
Their letter to Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, House Majority Leader John Boehner and House Minority Leader Nancy Pelosi:
Dear Leader Reid, Speaker Boehner, Leader McConnell and Leader Pelosi:
As the Senate considers a Continuing Resolution (CR) to fund the government for the remainder
of the 2011 fiscal year, we urge you to continue funding the Department of Energy?s (DOE)
renewable energy loan guarantee programs (Sec. 1705 and Sec. 1703). In addition, we request
your support for program changes that would allow viable Sec. 1705 project applications to
transfer into the Sec. 1703 program. As chief executive officers of 34 companies, we are
investing in projects with pending loan guarantee applications based on the good faith notion
that the DOE programs would function as stipulated in law and as Congress intended.