By Douglas Tomson, Mayor of Hillsborough
I wanted to publicly congratulate Congressman Leonard Lance for co-sponsoring the bipartisan Master Limited Partnership Parity Act, which would allow and encourage private investment in clean energy technologies. Currently, those advantages are open only to fossil energy projects, and clean energy technologies, such as solar, biofuels and wind are not eligible.
The legislation would help bring parity among energy technologies and give investors more choices. By attracting a broader pool of private investors, MLP access can help clean energy technologies borrow at lower costs and reduce prices for consumers. This new investment tool for clean energy has the potential to reduce our dependence on foreign oil as well.
The MLP Parity Act has bipartisan co-sponsors in both the U.S. House and Senate, and it is supported by hundreds of businesses, labor, policy and environmental organizations across the country. Rep. Lance is right to recognize the merits of this bill, and I hope that Congress passes it expeditiously.
This forward thinking is one of many reasons I support Congressman Lance.
