Congratulations to Senators Sheldon Whitehouse (D-RI) and Mike Crapo (R-ID) for the introduction of The Energy Sector Innovation Credit (ESIC) legislation. In response to this introduction, President of the Evangelical Environmental Network, Rev. Mitch Hescox released the following statement:
“As a ministry that believes in allowing individuals to flourish with their God-given talent, we applaud the ESIC and its creative approach. Instead of the government picking winners or losers, this bill rewards creativity for innovative approaches in fostering a clean energy economy that supplies solutions for the climate crisis while simultaneously injecting hope for American workers and companies.
“Paraphrasing retired Senator Lamar Alexander (R-TN), Government works best when its sets the bar and allows industry the flexibility to find the solutions. The ESIC legislation sets the bar and allows our imaginative engineers and scientists to find solutions within distinct categories that are substantively different from one another. Then the tax credits are awarded by success and penetration into their respective markets. Rewarding success has always been part of the American ethos, and the ESIC legislation does exactly that.”