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Inflation Reduction Act (IRA) Oil & Gas Natural Gas

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

Holland & Knight LLP

Energy Chairman Manchin's Permitting Bill Moves Through Committee in Careful Balancing Act

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After two years of continuous behind-the-scenes work, Sen. Joe Manchin (I-W.Va), who chairs the U.S. Senate Committee on Energy and Natural Resources, joined by Sen. John Barrasso (R-Wyo.), released S. 4753, the Energy...more

Holland & Knight LLP

$850 Million Now Available for Methane Emission Reduction Efforts: Applications Due Aug. 26

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The U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) on June 21, 2024, released a $850 million Funding Opportunity Announcement (FOA) to reduce methane emissions from oil and natural gas...more

Foley & Lardner LLP

EPA Finalizes New Greenhouse Gas Reporting Obligations for Petroleum and Natural Gas Systems: More Companies Impacted; More Fees...

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On May 14, 2024, the U.S. Environmental Protection Agency (EPA) published the final Greenhouse Gas Reporting Rule requirements for petroleum and natural gas systems under 40 C.F.R. Part 98, Subpart W in the Federal Register....more

Jones Day

Greenhouse Gas Emission Reporting for Petroleum and Natural Gas Industry Overhauled

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The Situation: The United States Environmental Protection Agency ("EPA") was required to overhaul the greenhouse gas reporting requirements for the petroleum and natural gas industry by the Inflation Reduction Act ("IRA") in...more

Vinson & Elkins LLP

Worried About the WEC?: EPA Finalizes New Oil and Gas GHG Reporting Rules that Will Directly Impact How the Waste Emissions Charge...

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On May 14, 2024, the U.S. Environmental Protection Agency (“EPA”) published the final version of its revisions to the Greenhouse Gas Reporting Program (“GHGRP”) regulations for the oil and gas sector, often referred to as...more

Troutman Pepper

Treasury and IRS Issue Additional Domestic Content Guidance Under IRA and New Elective Safe Harbor

Troutman Pepper on

On May 16, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2024-41, which modifies Notice 2023-38 (Prior Guidance) by expanding the list of Applicable Projects (defined below) to...more

Jones Day

U.S. EPA's New Methane Emissions Charge – My Wallet or Yours?

Jones Day on

On January 12, 2024, the EPA announced a proposed new rule entitled Waste Emissions Charge for Petroleum and Natural Gas Systems (the "Proposed Rule"). As required by Congress pursuant to the Inflation Reduction Act ("IRA"),...more

Jones Day

Ahead of Methane Emission Fees, EPA Proposes New Reporting Rules for Petroleum and Natural Gas Industry

Jones Day on

The Situation: The Inflation Reduction Act ("IRA") requires the U.S Environmental Protection Agency ("EPA") to finalize new greenhouse gas reporting rules for the petroleum and natural gas industry based on "empirical...more

Troutman Pepper

The Next Phase of RNG Is Here, Now What?

Troutman Pepper on

The utility industry is rapidly adopting biomethane, also known as renewable natural gas or “RNG,” to supplement traditional natural gas as a fuel source for both electric generation and heating purposes. Previously, RNG...more

Flaster Greenberg PC

Philadelphia Bridge Collapse Crystalizes Fossil Fuel Debate

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The explosion and fire of a tanker truck just north of Center City Philadelphia, leading to the collapse of sections of Interstate 95, one of the most heavily traveled roads in the United States and the chief highway...more

Husch Blackwell LLP

Biogas Market Enters 2023 on Strong Tailwinds

Husch Blackwell LLP on

2022 saw a flurry of renewable natural gas (RNG)-related deals, including in anticipation of (and then in response to) the historic Inflation Reduction Act (IRA). Sustainability mandates and the growing maturity of...more

McDermott Will & Emery

Key Takeaways | How the Inflation Reduction Act Impacts the Oil and Gas Industry + The Role of Natural Gas Moving Forward

McDermott Will & Emery on

The landmark Inflation Reduction Act of 2022 (IRA) was a long-anticipated legislative package for the industry because it promotes investment in alternative forms of energy. During this webinar, Partners Denmon Sigler and...more

McDermott Will & Emery

[Webinar] How the Act Impacts the Oil and Gas Industry and the Role of Natural Gas Going Forward - November 3rd, 12:30 pm - 1:00...

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Join us on November 3, for our upcoming webinar in our Navigating the New Energy Landscape series: “How the Act impacts the Oil and Gas Industry and the Role of Natural Gas Going Forward.” The landmark Inflation Reduction...more

McDermott Will & Emery

Key Takeaways | Tax Credit Bonuses for Low-Income and Coal, Oil and Gas Energy Communities

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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

Holland & Knight LLP

Methane Emissions: New Developments in the Inflation Reduction Act

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The recently enacted Inflation Reduction Act (IRA) contains several new provisions related to methane emissions impacting oil and gas companies, including upstream and midstream. Companies who already report emissions to the...more

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