The Office of Management and Budget has proposed for Fiscal Year 2011 to eliminate broad categories of financial incentives that preferentially benefit oil, natural gas and coal production. The proposed budget justifies these changes citing perceived market distortions and the goal to strengthen incentives for investments in what are claimed to be clean, renewable and more energy efficient technologies.

For coal, targeted eliminations include...

Article authored by McAffee & Taft Attorney: Mary Ellen Ternes.