News & Analysis as of

Carbon Capture and Sequestration Energy Projects Energy Sector

King & Spalding

Treasury and IRS Issue Final Regulations Implementing Section 45V Clean Hydrogen Production Tax Credit

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On January 3, 2025, the IRS and Treasury issued long-awaited final regulations (the “45V Final Regulations”) implementing the clean hydrogen production tax credit (the “45V Credit”) under Section 45V of the Internal Revenue...more

Husch Blackwell LLP

Carbon Capture: Tax Impacts of Utilization & Storage

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One promising solution to climate change is Carbon Capture, Utilization and Storage (“CCUS”). CCUS involves capturing carbon oxides, primarily carbon dioxide (CO2), for permanent storage or potential utilization. Interest in...more

BCLP

Autumn Budget 2024: Key Takeaways for the UK’s Energy Sector - Part Two

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On October 30 2024, the Labour government delivered their first Budget since 2010. The Budget introduced some key changes for the energy industry, including the Energy Profits Levy and Relief for payments made into a Carbon...more

K&L Gates LLP

Carbon Quarterly – Volume 9

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Carbon Quarterly is a newsletter covering developments in carbon policy, law, and innovation. No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning,...more

Latham & Watkins LLP

German Federal Government Lays Foundation for CCS in Germany

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The key principles for a Carbon Management Strategy and draft act on the revision of the Carbon Storage Act create new opportunities for investors and project developers. The German Federal Government’s Carbon Management...more

Spilman Thomas & Battle, PLLC

Currents Energy Industry Insights, V 8, Issue 5, May 2024

Welcome to the fifth 2024 issue of Currents - our e-newsletter focused on energy topics. Impact of EPA's New Limits on Greenhouse Gas Emissions - On April 25, 2024, the Environmental Protection Agency (EPA) released a set...more

Paul Hastings LLP

Energy Act 2023 – Six Months On

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What is the Energy Act and why does it matter? In October 2023 the Energy Act 2023 (the “Act”), dubbed the “biggest piece of energy legislation in the UK’s history” received Royal Assent. The Act contains wide ranging...more

Morgan Lewis - Power & Pipes

Day 2 Dispatch from CERAWeek: Challenges Facing Energy Project Developers

We’re back with another update from CERAWeek 2024 by S&P Global to highlight some key takeaways from day two of the conference. Many of the sessions on this day were dedicated to infrastructure development and highlighted the...more

Holland & Knight LLP

Breaking Down the Section 45V Clean Hydrogen PTC Proposed Regulations

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The U.S. Department of the Treasury and the IRS on Dec. 22, 2023, released proposed regulations regarding the production tax credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code, as enacted by the...more

A&O Shearman

Projects, energy and infrastructure in the GCC – What does 2024 have in store?

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Last year was big for the green hydrogen industry in the GCC. Alongside the dozens of MOUs entered into and announcements made at COP: - In May, the USD8.4 billion NEOM Green Hydrogen Project in KSA reached financial...more

Bennett Jones LLP

Increasing Demand: Commercialization of Carbon Capture, Utilization and Storage (CCUS)

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As demand for Carbon Capture, Utilization and Storage (CCUS) technology increases, energy producers across Canada can capitalize on emerging opportunities. Bennett Jones had the privilege of being named the Official Legal...more

Holland & Knight LLP

Treasury Department and IRS Release Direct Pay and Transferability Guidance

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The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment...more

King & Spalding

U.S. DOE Releases Report on Clean Hydrogen Strategy and Roadmap

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The United States recently took another important step in implementing a comprehensive strategy to advance the production, processing, delivery, storage, and use of clean hydrogen. On June 5, 2023, the Biden-Harris...more

Latham & Watkins LLP

Investing in UK CCUS Projects - Opportunities and Challenges

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With the recent UK “Green Day” announcements confirming the government’s support for CCUS, interest in UK CCUS projects is expected to continue to grow. While there are significant opportunities for investors, careful...more

Morgan Lewis - Power & Pipes

DOE $2.5B Funding to Advance Carbon Capture Projects at Power Plants and Industrial Facilities

The US Department of Energy (DOE) recently issued two funding opportunities for the development of carbon capture large-scale pilot projects and integrated carbon capture and storage projects at coal or natural gas generation...more

McDermott Will & Emery

Key Takeaways | Carbon Capture Gets a Long Runway for Development

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Featured prominently in the Inflation Reduction Act of 2022 (IRA), carbon capture, utilization and storage (CCUS) is one segment of the energy industry that could most benefit from incentivized development. On November 17,...more

McDermott Will & Emery

[Webinar] Carbon Capture Gets a Long Runway for Development - November 17th, 12:30 pm - 1:00 pm ET

McDermott Will & Emery on

Join McDermott Partners Parker Lee and Phil Tingle and Spencer English, Director at Piper Sandler for our upcoming webinar in our Navigating the New Energy Landscape series: “Carbon Capture Gets a Long Runway for...more

McDermott Will & Emery

[Webinar] Carbon Capture Gets a Long Runway for Development - October 13th, 12:30 pm - 1:00 pm ET

McDermott Will & Emery on

Join McDermott Partner Parker Lee and David Giles, President and Chief Operating Officer at Navigator CO₂ Ventures and Spencer English, Director at Piper Sandler for our upcoming webinar in our Navigating the New Energy...more

BakerHostetler

What's in It for Me: The Inflation Reduction Act's Clean Energy Tax Credits

BakerHostetler on

Key Takeaways: ..Recently enacted direct pay and transfer provisions apply to certain clean energy tax credits. These provisions will have a significant impact on how taxpayers can monetize these tax credits and, in...more

Eversheds Sutherland (US) LLP

Inflation Reduction Act of 2022: The energy tax provisions you need to know about

​​​​​​​The Inflation Reduction Act of 2022 (the Act) runs 725 pages and includes numerous energy tax provisions aimed at enhancing US energy security. The Act, if enacted, would extend and expand the renewable and alternative...more

Vinson & Elkins LLP

[Webinar] Traditional Energy in the Energy Transition - May 5th, 12:00 pm - 1:00 pm CT

Vinson & Elkins LLP on

It is becoming increasingly clear that “traditional” energy companies will play a critical role in the evolving energy transition. In this presentation, we will survey efforts by E&P and midstream companies in reducing the...more

A&O Shearman

Infrastructure Investment and Jobs Act: Laying a foundation for energy transition

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The Infrastructure Investment and Jobs Act (the IIJA) recently signed into law follows through on President Biden’s commitment to reinvest in American infrastructure, by appropriating approximately USD65bn to new and expanded...more

BCLP

Staying Alive: Extending the Life of a DCO

BCLP on

The regime for Nationally Significant Infrastructure Projects (NSIPs) allows for Development Consent Orders (DCOs) to be granted for a set period of time (often 5 years), but only recently has it become clear that time limits...more

BakerHostetler

The Difficult Art of Advertising Carbon Reductions

BakerHostetler on

American businesses are under intense pressure to show a commitment to addressing climate change. One form of expressing that commitment will be through advertising. Companies claim to offer “green” products, target “net-zero...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 23

Why the American Jobs Plan Would Benefit Coal-Heavy Utility Stocks - "A close look at some of the utilities publicly supporting a federal CES, which would require utilities to increase their share of carbon-free energy...more

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