News & Analysis as of

Fuel Standards

Mayer Brown

IMO Approves New Regulatory Package to Decarbonize International Maritime Transport

Mayer Brown on

Between April 7 and 11, 2025, during the 83rd session of the Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) approved a new set of regulatory measures aimed at reducing greenhouse...more

Holland & Knight LLP

DOE Funding Pause Update: Week 4

Holland & Knight LLP on

The U.S. Department of Energy (DOE) on Feb. 12, 2025, announced a $782 million first advance under a $1.67 billion loan guarantee for the development of sustainable aviation fuel from the Loan Programs Office (LPO). This...more

Latham & Watkins LLP

Treasury Circulates Draft Regulations for Section 45Z Clean Fuel Production Credit

Latham & Watkins LLP on

A new tax credit is proposed to calculate a fuel’s emissions factor based on its full carbon life cycle of production. Notices 2025-10 and 2025-11 (Notices), released on January 10, 2025, outline the intention of the...more

Holland & Knight LLP

Treasury Department, IRS Release Section 45Z Clean Fuel PTC Guidance

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS released initial guidance on Jan. 10, 2025, regarding the production tax credit (PTC) for clean fuels under Section 45Z of the Internal Revenue Code, as enacted by the Inflation...more

Pillsbury Winthrop Shaw Pittman LLP

Trump 2.0: Anticipated Impact on Aviation and Aerospace

The Department of Transportation’s (DOT) aviation consumer protection regulations may once again face scrutiny and be rolled back under the new Trump Administration—just as they were during Trump’s first Administration. There...more

Goldberg Segalla

Law Gives California’s Energy Commission Ability to Nudge Oil Refiners to Make Better Inventory Decisions

Goldberg Segalla on

California Gov. Gavin Newsom on October 14 signed into law Assembly Bill X2-1, significantly increasing the authority of the California Energy Commission (CEC) to create requirements for the state’s oil refiners to preserve...more

Allen Matkins

California Environmental Law & Policy Update 8.23.24

Allen Matkins on

Three years after a massive spill at a Los Angeles wastewater facility sent millions of gallons of sewage into Santa Monica Bay, the city has agreed to spend more than $20 million on improvements to remedy the environmental...more

Pullman & Comley - For What It May Be Worth

Fuel Cell Taxability Issues Decided

In its recent decision in FuelCell Energy, Inc. v. Town of Groton, 2024 WL 3529177 (2024), the Connecticut Supreme Court decided issues regarding the taxability of fuel cells.  ...more

Cozen O'Connor

Republican AGs Seek Judicial Review of NHTSA Fuel Efficiency Rule

Cozen O'Connor on

West Virginia AG Patrick Morrisey and Kentucky AG Russell Coleman co-led a coalition 26 Republican AGs in challenging the National Highway Traffic Safety Administration’s Corporate Average Fuel Economy Standards for Passenger...more

Morgan Lewis

Countdown to (Net) Zero: Aviation Industry Aims for Total Carbon Removal by 2050

Morgan Lewis on

The International Air Transport Association (IATA) and its more than 300 airline members have committed to achieving net-zero carbon emissions by 2050, a goal largely driven by the industry’s use and investment in sustainable...more

King & Spalding

Treasury and IRS Issue Additional Guidance on Section 40B Sustainable Aviation Fuel Tax Credit

King & Spalding on

Section 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides tax credits for each gallon of sustainable aviation fuel (“SAF”) sold or used by a taxpayer...more

Beveridge & Diamond PC

Washington Initiates Sustainable Aviation Fuel Rulemaking Under State’s Clean Fuel Standard Program

Proposed rulemaking will also add requirements for third-party verification and seek to harmonize Washington’s CFS program with low carbon fuel standard laws in California and Oregon...more

Eversheds Sutherland (US) LLP

IRS Notice 2024-6 provides guidance on sustainable aviation fuel credits

The Inflation Reduction Act of 2022 established sustainable aviation fuel (SAF) tax credits to benefit United States producers and importers of certain fuel mixtures containing SAF. On December 15, 2023, the Internal Revenue...more

King & Spalding

IRS and Treasury Issue Guidance on Section 40B Sustainable Aviation Fuel Credit

King & Spalding on

Section 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides credits for each gallon of sustainable aviation fuel (“SAF”) sold or used by a taxpayer before...more

Holland & Knight LLP

IRS, Treasury Department Release New Section 40B Sustainable Aviation Fuel Credit Guidance

Holland & Knight LLP on

The IRS and U.S. Department of the Treasury released on Dec. 15, 2023, Notice 2024-06 regarding Section 40B of the Internal Revenue Code. Effective for fuel mixtures sold or used after Dec. 31, 2022, and before Jan. 1, 2025,...more

Husch Blackwell LLP

A Growing Trend: Michigan Senate Introduces Clean Fuel Standard Legislation

Husch Blackwell LLP on

The Michigan Senate recently introduced legislation in an attempt to join several North American jurisdictions that have established clean fuel standards. The Michigan Clean Fuel Standard aims to reduce the average carbon...more

Goldberg Segalla

EPA’s New Renewable Fuel Standards Add Biofuel to the Fire

Goldberg Segalla on

The Environmental Protection Agency issued its final rule establishing biofuel volume requirements for 2023 to 2025 under the Renewable Fuel Standard (RFS) program on June 21. The Rule aims to reduce the United States’...more

Bracewell LLP

Treasury Department and IRS Release Guidance With Respect to the Sustainable Aviation Fuel Credit

Bracewell LLP on

On December 19, 2022, the Treasury Department and the IRS released Notice 2023-6 (the Notice), which provides guidance with respect to the credit for sustainable aviation fuel (SAF). The Inflation Reduction Act of 2022 (the...more

Vinson & Elkins LLP

The Renewable Fuel Standard

Vinson & Elkins LLP on

When George W. Bush signed the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007, ethanol was hardly a household name, even though it had been used as a fuel since the early 1800s. Originally...more

Proskauer - Tax Talks

A Summary of Inflation Reduction Act’s Main Energy Tax Proposals

Proskauer - Tax Talks on

On August 7, the Senate passed the Inflation Reduction Act of 2022 (the “IRA”). The IRA contains a significant number of climate and energy tax proposals, many of which were previously proposed in substantially similar form...more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - July 2022

[co-author: Leila Fleming] Supreme Court Restricts the EPA’s Authority to Mandate Carbon Emissions Reductions (NPR) - On Thursday, the Supreme Court invoked the “Major Questions Doctrine” in West Virginia v. EPA to...more

Hogan Lovells

NHTSA finalizes MY2024-2026 Corporate Average Fuel Economy Standards

Hogan Lovells on

On May 2, 2022, the National Highway Traffic Safety Administration (NHTSA) published their new, stronger, corporate average fuel economy (CAFE) standards for model years (MY) 2024-2026 originally announced April 1. The final...more

ArentFox Schiff

Biden Administration Adopts New Vehicle Fuel Economy Standards

ArentFox Schiff on

The US Department of Transportation (DOT) implemented the Biden Administration’s newest vehicle-related environmental law intended to curb not only greenhouse gas emissions but also the United States’ reliance on imported oil...more

Hogan Lovells

NHTSA finalizes significantly increased fuel economy civil penalties

Hogan Lovells on

The National Highway Traffic Safety Administration (NHTSA) just issued a rule finalizing significantly increased civil penalties for violations of Corporate Average Fuel Economy (CAFE) standards for passenger cars. The NHTSA...more

Foley & Lardner LLP

Off to the Races: EPA’s Aggressive New Fuel Efficiency Standards Will Fundamentally Reshape How Cars are Made and Powered

Foley & Lardner LLP on

On December 20, the U.S. Environmental Protection Agency (“EPA”) finalized its new national greenhouse gas (GHG) emissions standards for new passenger cars and light trucks. These new rules are the most ambitious in history,...more

113 Results
 / 
View per page
Page: of 5

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide