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As Congress was completing final negotiations of the stimulus package dealing with the public health and economic impacts of the coronavirus pandemic, several key energy provisions made their way into the 5593-page omnibus spending bill passed by the House and Senate on December 21, 2020, particularly much needed extensions of several renewable energy and energy efficiency tax incentives.
Specifically, the Consolidated Appropriations Act, 2021 (the “Act”)[1] addresses, among other things, the concerns of renewable energy developers regarding the potential expiration of the Production Tax Credit (PTC) and Investment Tax Credit (ITC) and, for the first time, includes provisions for offshore wind projects. In addition, the Act provides for the expansion and enhancement of significant research and development programs related to renewable energy, energy efficiency, energy storage, and carbon capture and sequestration,
API Statement On CCUS And PHMSA Provisions In Omnibus Package
The American Petroleum Institute (API) today applauded several provisions included in the omnibus spending bill passed by Congress and urged the president to swiftly sign the package into law.
Several of the provisions included were from Chairman Murkowski’s American Energy Innovation Act, including aspects of two bipartisan bills to encourage the development of carbon capture, utilization and storage (CCUS).
“API is pleased that the bipartisan USE IT Act and key provisions of the LEADING Act have passed the Senate as part of the omnibus package. We commend the bipartisan group of lawmakers who have moved this legislation one step closer to becoming law and who understand the important role of advancing innovation and technology in addressing the risks of climate change,” API Vice President of Corporate Policy Stephen Comstock said. “We urge the president to swiftly sign this bill into law, and we encourage the
Fossil, Renewable Energy Advocates Alike Applaud Passing of $2.3T Spending Bill
Proponents of the natural gas, oil and renewable energy sectors all found something to like about a $2.3 trillion omnibus spending and coronavirus relief package passed late Monday by the House and Senate.
The American Petroleum Institute (API) praised legislators for including several provisions from Sen. Lisa Murkowski’s (R-AK) American Energy Innovation Act, including parts of two bipartisan bills to promote carbon capture, utilization and storage (CCUS).
“We commend the bipartisan group of lawmakers who have moved this legislation one step closer to becoming law and who understand the important role of advancing innovation and technology in addressing the risk of climate change,” said API’s Stephen Comstock, vice president of corporate policy.
The US Congress passed a pandemic relief bill late Monday night that includes funding for microgrids, energy storage and renewable energy.
The spending package includes the Energy Act of 2020, which contains consensus provisions from Senate and House energy legislation, Sens. Lisa Murkowski, R-Alaska, and Joe Manchin, D-W.Va., said Dec. 21.
Update: President Trump signed the legislation into law on December 27
The Energy Act focuses on research, development, and demonstration of next-generation technologies that will reduce greenhouse gas emissions, according to the senators.
“This bipartisan package will foster innovation across the board on a range of technologies that are critical to our energy and national security, our long-term economic competitiveness, and the protection of our environment,” Murkowski, Senate Committee on Energy and Natural Resources chairman, said, noting it was the first major energy policy update in 13 years.