Green Century advocates for wind power in Washington, DC

October 29, 2012 - Last week, Green Century Capital Management joined with other investment firm representatives in Washington, DC to build support for extending the current wind power tax credit. Green Century met with members of Congress to discuss the economic value of extending the current tax credit, which will expire on December 31, 2012. The investor lobby day was coordinated by Ceres, a network of investors, companies and public interest groups dedicated to expanding sustainable business practices.”  

For years, the federal government has supported innovation in the energy sector, funding diverse initiatives from advanced drilling techniques to more efficient turbine design. In the case of wind power, the U.S. provides a tax credit for each kilowatt-hour of wind power produced, known as the Production Tax Credit. This credit has increased energy diversity, reduced our reliance on fossil fuels and helped keep electricity costs low for consumers. But after decades of bipartisan support, the credit is set to expire at the end of the year unless Congress takes action.  

“This modest tax credit supports not only wind turbine manufacturers, but also the companies that supply and transport the materials and services needed to build and install wind turbines,” stated Leslie Samuelrich, Senior Vice President of Green Century Capital Management. “A future with more green jobs and less global warming and air pollution is a win for investors and consumers.” 

In addition to urging members of Congress to support the wind credit, Green Century Funds President Kristina Curtis and Trillium Asset Management CEO Matt Patsky penned an op-ed that was published in the Houston Chronicle, the Missoula Independent and other publications this fall. The op-ed notes that “Wind power is now generating 20 times more electricity than it did in 2000 and nearly nine gigawatts – the equivalent of nine nuclear power stations – are under construction. “ Curtis and Patsky also note that  “Fortunately, this is an energy problem our nation’s leaders can solve, and we encourage them to do so.”   

Click here to read the full op-ed.


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As of September 30, 2012, neither the Green Century Balanced Fund nor the Green Century Equity Fund held General Electric. As of the same date, Quanta Services comprised 0.39% of the Green Century Balanced Fund and 0.09% of the Green Century Equity Fund. Please refer to the Green Century Funds website for current information regarding the Funds' portfolio holdings. These holdings are subject to risk as described in the Funds' prospectus. References to specific investments should not be construed as a recommendation of the securities by the Funds, their administrator, or their distributor.

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The Green Century Funds are distributed by UMB Distribution Services, LLC. 10/12

 


 

 


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