President Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Tuesday, August 16, 2022. Among other things, the IRA expands the federal tax credits available to promote renewable energy and revises the...more
In its recently released 76-page report, required under President Biden’s Executive Order 14017, “America’s Supply Chains,” the US Department of Energy (DOE) finds that “[t]he opportunity for US global leadership on clean...more
In November 2021, Illinois Governor JB Pritzker signed the Reimagining Electric Vehicles Act (the “REV Act”), which, together with the recently enacted Climate and Equitable Jobs Act, further incentivizes the production and...more
In September, Illinois Governor JB Pritzker signed the omnibus, 956-page climate and energy legislative package titled the Climate and Equitable Jobs Act (the “CEJA”). The CEJA has an immediate effective date. Following years...more
10/19/2021
/ Carbon Emissions ,
Clean Energy ,
Climate Action Plan ,
Electric Vehicles ,
Electricity ,
Energy Policy ,
Energy Projects ,
Infrastructure ,
New Legislation ,
Popular ,
Renewable Energy ,
Tax Credits
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)
Section 30D of the US Internal Revenue Code (“IRC”) provides business and individual taxpayers that purchase new qualified plug-in electric drive motor vehicles (“EVs”), including passenger vehicles and light trucks, with a...more
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