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Home2024May

Month: May 2024

IRS
Renewables Not Sustainable

IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism

May 3, 2024 Mariel Alumit

The U.S. Department of the Treasury and the IRS issued final rules on Thursday for the tax credit transferability mechanism included in the Inflation Reduction Act, offering clarity to the already active tax credit market. “Until the […]

Tellurian
LNG

Tellurian’s net loss widens in Q1, Driftwood LNG talks continue

May 3, 2024 Stu Turley

US LNG firm Tellurian reported a widening first-quarter loss on Thursday, as it continues to work to secure financing for the first phase of its Driftwood LNG export plant in Louisiana. Tellurian reported a net […]

Hoegh LNG
LNG

Hoegh LNG confirms Egyptian FSRU charter deal

May 3, 2024 Stu Turley

Norwegian FSRU player Hoegh LNG confirmed it has signed a deal with Australian Industrial Energy (AIE) and Egypt’s EGAS to deploy the 2019-built FSRU Hoegh Galleon to Egypt. Hoegh LNG said on Thursday that the […]

EPA
Coal

Court upholds EPA pollution plan for Pennsylvania coal plants

May 3, 2024 Mariel Alumit

The state Department of Environmental Protection said it is reviewing the ruling. EPA provided reasonable explanations for decisions, court says Federal agency’s plan followed Clean Air Act requirements Pennsylvania and coal power companies on Thursday […]

Manchin
Energy Policy

Manchin, Haaland square off over Interior energy policies

May 3, 2024 Mariel Alumit

The Democratic chair of the Senate Energy and Natural Resources Committee pulled no punches Thursday as he joined Republicans in assailing myriad Biden administration policies and practices. In a blistering introduction to Interior Secretary Deb […]

Price
Electric Vehicles

Republicans introduce bill to eliminate EV tax credit

May 3, 2024 Mariel Alumit

More than a dozen Senate lawmakers are backing the effort. The post Republicans introduce bill to eliminate EV tax credit appeared first on E&E News by POLITICO.

Japan's
EIA News

Japan’s energy policies aim for increased zero-carbon electricity generation

May 3, 2024 Mariel Alumit

Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality, or net-zero greenhouse gas (GHG) emissions, by 2050 by lowering emissions in the electric power, industrial, and transportation […]

Venezuela
Crude Oil News

The Real Cost of Reimposing Sanctions on Venezuela

May 3, 2024 Mariel Alumit

Sectoral sanctions are hurting the country’s democratic transition—and pushing Caracas closer to U.S. adversaries. Last month, the Biden administration announced that sanctions relief on Venezuela would not be renewed. Reinstating the sanctions that were temporarily […]

court
International News

Bulgarian court stops largest EU-funded environmental project, citing health risks

May 3, 2024 Mariel Alumit

  On Thursday Bulgaria’s Supreme Administrative Court stopped the controversial project to build a refuse-derived fuel (RDF) waste incinerator in the centre of Sofia, which would have used EU funding to turn the capital’s waste […]

LNG exports
Exports

US weekly LNG exports reach 21 shipments

May 3, 2024 Mariel Alumit

US liquefied natural gas (LNG) exports dropped in the week ending May 1 compared to the week before, according to the Energy Information Administration. The agency said in its weekly report that 21 LNG carriers […]

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