Oregon should lead in hydrogen economy, says campaigning Governor

The election season here in the United States is bringing us lots of alternative energy news. Gov. Ted Kulongoski of Oregon is running for re-election and said last week he thinks his state should lead the way to a hydrogen economy. Speaking at the Northwest Hydrogen Conference in Portland, Kulongoski said there should be increased tax credits for companies investing in green energy and that the state should become a center for fuel-cell production. Kulongoski's proposal increases the "maximum tax credit for an energy project from $3.5 million over five years to $10 million over five years. It would also allow companies to claim a tax credit for 50 percent of the project cost, up from 35 percent under current law", according to the Oregonian newspaper.
This would cost the state $6.5 million between 2009 and 2011, but would generate business investments and reduce reliance on oil.

[Source: Oregon Live via EV World]

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