The Notice enables developers and investors to more easily determine the Energy Community status of projects. Key Points: ..The IRS and the Treasury Department have provided tables to assist in determining eligibility...more
On September 13, McDermott Partners Heather Cooper and Philip Tingle provided a detailed overview of the bonus tax credits under the Inflation Reduction Act of 2022 for projects satisfying low-income thresholds or built-in...more
Blocking funding for gas energy projects in Africa may seem like sensible climate policy. But is it? Although the generally accepted ultimate goal is to replace fossil fuels entirely, there is a strong case for starting by...more
Cap and Trade Gets a Big Win in Pennsylvania. Will It Last? "Pennsylvania Gov. Tom Wolf (D) announced that his administration had finalized a regulation to join the Regional Greenhouse Gas Initiative, a cap-and-trade...more
Ford Building Massive Electric Vehicle and Battery Plants with $11.4 Billion Investment "Automaker says production hubs will bring 11,000 jobs to Tennessee and Kentucky." Why this is important: Ford Motor Company and...more
Welcome to Volume 5, Issue 11 of Currents. As we begin a new month. I'll remind everyone that we are continually looking to write about different topics... In Shift, Oil Industry Group Backs Federal Price on Carbon - ...more
U.S. Congress Launches Probe Into Multibillion-Dollar 'Clean Coal' Tax Credit - "The U.S. Congress is investigating a multibillion-dollar subsidy for chemically treated coal that is meant to reduce smokestack pollution,...more
U.S. Court Suspends Key Permits for Equitrans Mountain Valley Pipeline - "A U.S. federal appeals court issued a stay of key water crossing permits needed to complete construction of Equitrans Midstream Corp’s 300-mile...more
U.S. Energy Policy Must Support Natural Gas in Appalachia and West Texas - "And it shows how quickly the U.S. shale revolution since 2008 has transformed domestic and global energy markets, with always improving...more
New Fortress Energy LNG Plant Demonstrates New York Insanity - "For those unfamiliar with the facility, the plant is a gigantic $800 million investment that will take in natural gas from the Marcellus Shale and liquefy it...more
SA’s energy vision for 2030: Jeff Radebe releases the details in long-awaited IRP - The long-awaited Integrated Resource Plan (IRP) envisages the energy mix in 2030 will consist of almost half coal power, with gas and wind...more
U.S. Agencies Agree to Slash Approval Times for Infrastructure Projects - "More than a dozen federal agencies agreed to slash the time needed for environmental reviews and permitting on major infrastructure projects, a...more
As the Trump Administration seeks to promote American energy independence, new funding opportunities for deploying tribal energy projects on tribal lands are now available. These opportunities are the first step by the...more
Renewables sector welcomes Presidency’s support of renewables - The South African Renewable Energy Council (SAREC) has welcomed the Presidency’s clear support for the country’s Renewable Energy Independent Power...more
City of Cape Town launches waste-to-energy plant - South Africa’s City of Cape Town is now generating its own electricity through a waste-to-energy plant. While launching the ZAR400 million (US$30 million) plant...more