News & Analysis as of

Greenhouse Gas Emissions Carbon Capture and Sequestration Energy Sector

Holland & Knight LLP

Pennsylvania DEP Accepting Applications for $320M RISE PA Program

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With a total funding of $396 million, the Reducing Industrial Sector Emissions in Pennsylvania (RISE PA) Program's goal is to significantly reduce greenhouse gas (GHG) emissions and co-pollutants from Pennsylvania's...more

Morgan Lewis

Treasury Department Releases Final Regulations Applicable to the Hydrogen Tax Credits

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On January 3, 2025, the US Department of the Treasury released final Treasury regulations applicable to the hydrogen production tax credit under Section 45V and the investment tax credit for hydrogen production facilities...more

Husch Blackwell LLP

Legal Perspectives On CO2-EOR and CCS

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In recent years, the importance of carbon capture technology has grown significantly as a means to combat climate change. With the emergence and advancement of geologic technologies, and their application in the energy...more

Orrick, Herrington & Sutcliffe LLP

Navigating Carbon Capture in Indonesia: A Key Step Forward

Regulators have taken a significant step forward in the evolving landscape of carbon capture and storage (CCS) in Indonesia. Indonesia's Minister of Energy and Mineral Resources (MEMR) has introduced regulation No. 16 of...more

Orrick, Herrington & Sutcliffe LLP

Section 45V Clean Hydrogen Tax Credits: Final Regulations Released

The U.S. Department of the Treasury and Internal Revenue Service (IRS) have released final regulations or tax credits for the production of clean hydrogen under Section 45V of the Internal Revenue Code. The industry has...more

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

K&L Gates LLP

Carbon Quarterly–Volume 10

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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

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

Vinson & Elkins LLP

DOE Issues LNG Export Study; Public Comment Period Straddles the Upcoming Administration Change

Vinson & Elkins LLP on

On December 17, 2024, the Office of Fossil and Carbon Management of the Department of Energy (“DOE”) released the long-awaited Liquefied Natural Gas (“LNG”) Export Study (“Study”). The Study was released 11 months after the...more

White & Case LLP

Voluntary carbon markets: will carbon credits soon become a crucial way to decarbonise?

White & Case LLP on

Purchasing carbon credits was once seen as a way for companies to sidestep genuine emissions reduction in their decarbonisation efforts. But that is changing as these products, and the way they are used, face growing...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — December 2024

Coming up on a month since the presidential election, some things are starting to become clearer, though many questions remain. We will release a Viewpoints article in the next week that will be a more in-depth assessment of...more

Akin Gump Strauss Hauer & Feld LLP

Energy Policy Priorities for the 119th Congress and Trump Administration

President-elect Trump has been outspoken about his intent to reverse many of the Biden administration’s clean energy legislative and regulatory actions. We expect that the second Trump administration will seek to repeal...more

Bracewell LLP

PRG Pulse 2024 Post-Election Analysis: Energy and Environmental Policy

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A second Trump administration is expected to prioritize “energy dominance,” focusing on expanding oil and gas, reducing regulations, and increasing drilling, especially with Republican-led committees in Congress likely...more

Foley Hoag LLP - Energy & Climate Counsel

Supreme Court Refuses to Halt EPA Power Plant Emissions Rule Pending Federal Appeal

On October 16, 2024, the United States Supreme Court shot down requests from states and industry groups to stay the implementation of the Environmental Protection Agency’s (EPA) rule to reduce carbon emissions from coal-fired...more

Oliva Gibbs

Carbon Copy: Pennsylvania’s CO2 Storage Plan Breaks New Ground

Oliva Gibbs on

On July 17, 2024, Pennsylvania joined a growing number of states establishing a legal framework for the underground storage of carbon dioxide. Carbon capture and underground sequestration (“CCUS”) is promoted as a technology...more

K&L Gates LLP

Carbon Quarterly – Volume 9

K&L Gates LLP on

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

Holland & Knight LLP

IRS Releases Long-Awaited Section 45Q LCA Procedures

Holland & Knight LLP on

The IRS on July 24, 2024, released Notice 2024-60, which provides Section 45Q guidance for utilization of carbon dioxide and other carbon oxides. The Notice addresses the information that must be included in the required life...more

Mayer Brown

Illinois Paves Way for Carbon Capture and Sequestration with SAFE CCS Act

Mayer Brown on

Illinois has established a comprehensive regulatory framework for the development of carbon capture and sequestration (CCS) projects. The state's legislature has passed Senate Bill 1289, also known as the SAFE CCS Act, which...more

Mintz

Reading about failed turbine blades & "alkalinity enhancement"? Well we've dealt ourselves a lousy climate hand and don't have the...

Mintz on

Two Boston Globe stories I read this weekend on the rapidly shrinking island of Nantucket this weekend are worthy of your attention.    The first story is about EPA's consideration of a plan to intentionally dump 6600...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

Brownstein Hyatt Farber Schreck

Wyoming Passes Bill to Bolster Carbon Management Opportunities

With interest and activity in carbon capture, sequestration and storage and low carbon energy production ramping up, especially in Wyoming, the energy industry is celebrating the signing of HB0032. The bill, titled “Geologic...more

Akin Gump Strauss Hauer & Feld LLP

The Road Ahead for Private Equity: Reflections and Predictions

The year 2023 will be remembered as a challenging one for private equity (PE), with complexities to navigate on many fronts. Traditional debt financing was expensive and scarce, expectations on valuations were tricky to...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

King & Spalding

COP28: Key Takeaways for the Energy Industry

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COP28, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, came to an end in Dubai on December 13, 2023. The nearly 200 states reached what has been labelled a “historic” agreement...more

A&O Shearman

Carbon capture and storage – challenges and potential in the Gulf Cooperation Council

A&O Shearman on

Carbon capture and storage is increasingly being put forward as a key part of reaching Net Zero. As the technology, regulation and market strategies evolve and new projects are commissioned around the world, Joe Clinton and...more

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