Thanks to tireless campaigning by Oceana, Congress passed legislation crucial to the future of the country’s clean energy future. As part of the so-called “fiscal cliff” deal, the U.S. Congress voted to extend the Investment Tax Credit (ITC), a financing tool for offshore wind that makes investment in the clean energy industry much more attractive. The ITC technically expired at midnight on New Year’s Eve, and, if left expired, could have jeopardized a new industry with the potential to generate tens of thousands of jobs and enough electricity to power the country four times over. Fortunately, the tax credit was extended at the eleventh hour.
Second Coal-Fired Power Plant Defeated in Chile
For the second time in less than a year, Oceana helped defeat a coal-fired power plant on the coast of Northern Chile. The CAP company announced that it was withdrawing its plans to construct the Cruz Grande thermoelectric power plant. Cruz Grande was slated to be a 300-megawatt thermoelectric power plant in the region of La Higuera in Northern Chile, a few miles from the Choros-Damas and Chañaral island marine reserves, and near the Humboldt Penguin National Reserve, which is home to the world’s largest population of Humboldt penguins. The region also hosts communities of bottlenose dolphins, marine otters and many marine birds and mammals, including blue whales.