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Tax Credits Oil & Gas Energy Sector

Brownstein Hyatt Farber Schreck

Brownstein Sponsors the 2024 Rockies Petroleum Conference

Brownstein was privileged to sponsor this year’s Rockies Petroleum Conference, hosted by the Petroleum Association of Wyoming, in Laramie, Wyoming, on Aug. 21–23, 2024....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

Bricker Graydon LLP

What is an “Energy Community” - IRS Provides Guidance on Key Aspect of the Inflation Reduction Act

Bricker Graydon LLP on

The Inflation Reduction Act (IRA) has been called the most aggressive climate investment ever undertaken by the U.S. Congress. With approximately $370 billion dollars in funding over the next 10 years, it is projected that...more

K&L Gates LLP

Carbon Quarterly – Special Edition

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

Venable LLP

IRS Asks for Comment on Whether Existing Fossil-Based Hydrogen Production Methods Should be Eligible for the IRA Production Tax...

Venable LLP on

The Inflation Reduction Act (IRA) contained an enormous benefit - valued in the billions of dollars - for the U.S. hydrogen industry in the form of a Production Tax Credit (PTC) for “qualified” green hydrogen produced over...more

McDermott Will & Emery

Key Takeaways | Carbon Capture Gets a Long Runway for Development

McDermott Will & Emery on

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

Jackson Walker

What the Energy Industry Should Know About the Inflation Reduction Act

Jackson Walker on

President Joe Biden is set to sign into law the Inflation Reduction Act of 2022 (the “Act”), which is estimated to reduce greenhouse gas emissions by around 40% by 2030 and to invest $369 billion in energy security and...more

Sullivan & Worcester

The Inflation Reduction Act and Other Climate Measures

Sullivan & Worcester on

The Biden administration has been announcing a new series of actions to address climate change, relying on executive power due to insufficient support in Congress. On July 27, 2022, however, Senators Charles Schumer (D-NY)...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 25

Appeals Court Rules Louisiana Oil-and-Gas Lawsuits Must be Heard in Federal Court - "The state and six coastal parishes have filed 42 lawsuits against 200 fossil fuel companies since 2013 over coastal erosion and wetland...more

Opportune LLP

Battle Of The Biofuels: Renewable Diesel Vs. Biodiesel

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Find out why knowing the difference between renewable diesel and biodiesel can go a long way in understanding the benefits of each....more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 22

Welcome to Volume 5, Issue 22 of Currents. With this issue, we will begin publishing on a bi-weekly schedule. We believe publishing every two weeks will give us a better opportunity to focus on hot topics affecting our...more

Holland & Knight LLP

The Green Book and Green Energy

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Since the beginning of his presidential campaign, President Joe Biden has made clear his vision to drive the United States toward world leadership in green energy. With tax policy long an important tool in the toolbox for...more

Eversheds Sutherland (US) LLP

FY 2022 Green Book goes big for green energy

On May 28, 2021, Treasury released the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, more commonly referred to as the Green Book. The issuance of the Green Book provides further detail on...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Volume 5, Issue 9

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

Bennett Jones LLP

Saskatchewan Program to Incentivize Pipeline Development

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In 2019, the Saskatchewan Ministry of Energy and Resources implemented the Petroleum Innovation Incentive Program (PIIP) and the Oil and Gas Processing Investment Incentive Program (OGPIIP) aimed at encouraging growth,...more

King & Spalding

Energy Newsletter - February 2020

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U.S. Government’s Continued Focus on Large Ship Air Emissions - The U.S. Environmental Protection Agency (“EPA”) and the U.S. Coast Guard (“USCG”) continue to signal interest in addressing air pollution from large ships...more

Eversheds Sutherland (US) LLP

Congress unveils energy tax extenders

Congress is moving towards passing The Taxpayer Certainty and Disaster Relief Act of 2019 (Extenders Bill). If enacted, the Extenders Bill would extend certain tax credits for the renewable energy and alternative fuels...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - November 2018

New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change - "The litigation, which follows more than three years of investigation, represents the most significant legal effort yet to establish that a...more

McGuireWoods LLP

New Opportunities Follow Expansion of Section 45Q Carbon Sequestration Credits

McGuireWoods LLP on

The recent enactment of the Bipartisan Budget Act of 2018 extended and significantly expanded the existing tax credit for carbon sequestration under Section 45Q of the Internal Revenue Code. Although the Section 45Q credit...more

Orrick, Herrington & Sutcliffe LLP

FERC and the Tax Cuts and Jobs Act of 2017 – Natural Gas Pipelines

The Federal Energy Regulatory Commission (FERC) Staff has initiated inquiries involving numerous interstate natural gas pipelines, seeking information on the impact of the Tax Cuts and Jobs Act of 2017 (Tax Act) on those...more

Gray Reed

2017’s Bad Guys in Energy

Gray Reed on

Once again we look back at the continuing cavalcade of crooks, criminals, miscreants and, to put it kindly, morons the less intellectually gifted, who met justice face-to-face in 2017. This year’s class includes a preacher,...more

Faegre Drinker Biddle & Reath LLP

Congress Passes Major Tax Bill: What Does it Mean for the Energy Sector?

On Wednesday, December 20, Congress passed H.R. 1, the Tax Cuts and Jobs Act. The bill represents the most comprehensive reform to the tax code in almost three decades and a legislative victory for both the Republican...more

Robinson & Cole LLP

Green Tax Incentive Compendium - January 2016

Robinson & Cole LLP on

GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of electricity produced from qualifying renewable resources during a ten-year...more

Holland & Knight LLP

Energy Industry Impacted by Consolidated Appropriations Act's Tax Code Changes

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The U.S. Senate has passed H.R. 2029, the Consolidated Appropriations Act of 2016. The measure, which was approved Friday morning, Dec. 18, funds the government for the remainder of the fiscal year (through September 30,...more

Akin Gump Strauss Hauer & Feld LLP

Senator Grassley Proposes Repeal of Fossil Fuel Tax Incentives if any Renewables Tax Incentives Expire

The tax press is reporting comments made by Senator Grassley (R-IA) at a Department of Energy forum on biomass. Senator Grassley is reported to have said: “Congress should ‘do away with the incentives for oil’ tax breaks if...more

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