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Posted Mon May 13 2013: from InsideClimate News:
A Rare Bipartisan Clean Energy Bill Is Ready for Passage
...Legislation is moving through both houses to tweak the tax code to let clean energy developers form a master limited partnership, or MLP, a type of publicly traded company structure not subject to corporate taxes. For three decades, coal, oil and gas companies have used MLPs to raise hundreds of billions of dollars for pipelines, refineries and other projects. The financing vehicle is credited with helping sustain the nation's current drilling boom....No one expects much opposition to the Master Limited Partnerships Parity Act, the companion bills introduced last month. Co-sponsors include conservative Republicans and legislators from oil and gas states. The American Petroleum Institute, the oil industry's main trade group, is among its backers.
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'Doc Michael says:
I'd say "hell freezing over" except that the Arctic is already melting.

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