When I think about transformations in the energy industry, I often think of the great inventor Thomas Edison, who was not only responsible for hundreds of important inventions but who also set the stage for a breakthrough...more
7/16/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Charging Stations ,
Clean Energy ,
Climate Change ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Electric Vehicles ,
Green Deal ,
Hydrogen Power ,
Imports ,
Offshore Wind ,
Renewable Energy ,
Silica ,
Supply Chain ,
Tax Credits ,
Withhold Release Orders (WROs)
On July 1, 2021, the US Internal Revenue Service (the “IRS”) released Revenue Ruling 2021-13 (the “Ruling”), which provides additional guidance on the definition of “carbon capture equipment” for purposes of the carbon...more
On July 1, 2021, the US Internal Revenue Service (the “IRS”) released Revenue Ruling 2021-13 (the “Ruling”), which provides additional guidance on the definition of “carbon capture equipment” for purposes of the carbon...more
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/6/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Electric Vehicles ,
Energy Policy ,
Infrastructure ,
Investment Tax Credits ,
Oil & Gas ,
Orphan Wells ,
Power Grid ,
Production Tax Credit ,
Tax Reform
On March 17, 2021, U.S. Senators Chris Coons (D-Del.) and Bill Cassidy, M.D. (R-La.) and U.S. Representatives Marc Veasey (D-Texas) and David McKinley (R-W.Va.) introduced the Storing CO2 And Lowering Emissions (SCALE) Act. ...more
3/19/2021
/ Carbon Capture and Sequestration ,
Energy Policy ,
Energy Reform ,
Federal Funding ,
Legislative Agendas ,
Oil & Gas ,
Power Infrastructure ,
Regulatory Agenda ,
Storage Contracts ,
Tax Credits ,
Underground Injection Wells
The energy industry continues to evolve as sectors converge and as demand, supply and consumer preferences change. The global economy is shifting to lower-carbon sources of energy, coinciding with (or resulting from) a...more
3/16/2021
/ Biofuel ,
Biomass ,
Carbon Capture and Sequestration ,
Clean Energy ,
Climate Change ,
Energy Policy ,
Energy Reform ,
Environmental Social & Governance (ESG) ,
Oil & Gas ,
Renewable Energy ,
Wind Power
As the incoming Biden Administration takes shape, energy companies will be monitoring potential tax policy initiatives, especially those that could impact the energy sector. Companies throughout the sector could be treated...more
1/20/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Energy Projects ,
Infrastructure ,
Oil & Gas ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Planning ,
Tax Rates ,
Tax Reform ,
Wind Power
On January 6, 2021, the US Internal Revenue Service (the “IRS”) issued final regulations (T.D. 9944) (the “Final Regulations”) on the Section 45Q carbon capture tax credit (the “Carbon Credit”). The Final Regulations...more
1/12/2021
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Critical Infrastructure Sectors ,
Energy Projects ,
Greenhouse Gas Emissions ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
Revenue Procedures ,
Tax Credits ,
Tax Planning ,
Urban Planning & Development