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To print this article, all you need is to be registered or login on Mondaq.com. The U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department ( Treasury ) have issued final regulations (T.D. 9944) (the Final Regulations ) providing additional guidance on several aspects of the income tax credit for the capture of qualified carbon oxide (CO) under section 45Q of the Internal Revenue Code of 1986, as amended (the Code ). 1 By largely adopting the proposed regulations released on May 28, 2020 (REG -112339-19) (the Proposed Regulations ), discussed in our client alert dated June 22, 2020, with certain helpful modifications, the Final Regulations aim to ....
To print this article, all you need is to be registered or login on Mondaq.com. The energy industry continues to evolve as sectors converge and as demand, supply and consumer preferences change. The global economy is shifting to lower-carbon sources of energy, coinciding with (or resulting from) a renewed focus on environmental, social and governance (ESG) issues. Energy transition is commonly used to describe the recent full-court press towards cleaner energy; however, energy evolution, energy progression, energy advancement and a host of other terms have all been used to describe achievement towards a net-zero carbon world. The recent policy focus on renewable and clean energy, which has trickled down ....
To print this article, all you need is to be registered or login on Mondaq.com. As this column has previously discussed, President Joe Biden s environmental policies are a sharp reversal of those of former President Donald Trump. Today s column spotlights how this change will affect New York state and New York City. Air Pollution The New York Climate Leadership and Community Protection Act (CLCPA) requires steep declines in greenhouse gas (GHG) emissions, leading to an 85% reduction below 1990 levels by 2050. Transportation is the largest source of GHG emissions in the state, and achieving the CLCPA limits requires motor vehicles to have much ....
On March 8, the DOI announced its plans to hold a virtual forum on Thursday, March 25, to discuss the federal oil and gas leasing and permitting program. ....
On this episode of Alternative Power Plays, we talk to a true Power Player in the world of combined heat and power – Mike Larson, Business Development Director at DTE Energy Services, a diversified energy company based in Detroit. ....