Everone's a winner in the big bailout?!

While details of the approved U.S. $700 billion bailout aren't known

what has been confirmed are tax credits for the solar, wind and

biodiesel industries.

The framework of the financial rescue provides for an eight-year

extension for investment tax credits for those installing solar energy

equipment.

Motorists purchasing plug-in electric vehicles will get tax credits

ranging from $2,500 to $7,500, as well as a $1 per gallon production

tax credit for biodiesel through 2009.

While the plug-in tax break and discounted biofuel will barely dent

motorists bills, the fledging solar power industry gets an eight-year

start up push that is likely to reduce the costs of solar panels for

householders.

While the Solar Energy Industries Association praised the bailout's

consideration for renewable energy environmentalists condemned the

rescue measures for giving tax credits for refineries that process oil

from tar sands and shale.

The State of the Planet

"CARBON CONFUSION"

http://www.youtube.com/watch?v=ZjfxtUMY0x4