The Renewable Energy Task Force “The Renewable Energy 401(k) Tax Credit will provide 500,000 new jobs, generate $30 to $100 billion in renewable energy investment, combat climate change, and strengthen our economy”
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 For Immediate Release: January 14, 2009                         (Denver, Colorado)

 Renewable Energy 401(k) Tax Credit Would Improve
Obama Stimulus Package

Advice from Colorado alliance of business, associations, environment groups

Press Conference: 
  Wednesday January 14, 11:30 AM
  South Metro Denver Chamber of Commerce
  6840 South University Blvd, Centennial, CO 80122 
  (Please RSVP attendance via email)
  Press Contact:  Ken Beitel, Renewable Energy Task Force Member
  Ph: 720 436-2465   Email: Ken.Beitel@TheRenewableEnergyInitiative.org  

Read Full Story:  www.RETaskForce.biz

An unusual alliance of business, trade association and environmental groups are calling on President-elect Barack Obama to provide a tax credit to support companies that add a renewable energy fund to employee 401(k) plans. 

According to the Renewable Energy Task Force, South Denver Chamber of Commerce, the Renewable Energy 401(k) Tax Credit will be a high yield investment for the economic stimulus package.  At a comparatively moderate cost of $7 to $8 billion dollars, the proposed tax credit is expected to generate $30 to $100 billion of renewable energy investment, along with 500,000 or more clean energy jobs. The American Wind Energy Association reports 2007 revenues for the U.S. renewable energy sector were $19 billion.  

"It's time to help Americans get back to work by investing in renewable energy production,” says st1:personname w:st="on">Beth Hart, President of Colorado Solar Energy Industries Association (COSEIA). “For the 50 million employees who participate in 401(k) plans, we need to make it easy to invest in renewable energy."

Read Full Story:  www.RETaskForce.biz
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NEXT X PRIZE:
A RENEWABLE ENERGY 401(k) CHALLENGE?

• First Company or Corporate team to Generate $10 billion in Renewable Energy Investment via Retirement Plans Could be the Winner of a Proposed New X Prize



• Adding a renewable energy sector fund to corporate retirement plans will:
  1)  generate a significant number of new jobs
  2)  create a healthy economy
  3)  increase clean energy production
  4)  lower energy costs and combat climate change

To recieve a monthy update, share the story of your company adding a renewable fund, to get more information, or to schedule an interview, please contact:
Ken Beitel at 720 436-2465 or email: Ken.Beitel@TheRenewableEnergyInitiative.org     

Example of a Renewable Energy Mutual Fund below: