The latest consumer-price index showed inflation accelerating at 9.1%—a four-decade high. This news was followed by the producer-price index, a key indicator for where consumer prices are heading, hitting a near-record 11.3%. Inflation in the […]
McDermott Will & Emery’s Summary of the IRA is below. On July 27, 2022, Senator Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) announced that they had reached an agreement on a proposed […]
President Joe Biden this week signed into law ambitious new legislation that aims to address human-caused climate change over the next decade. The Inflation Reduction Act, which passed in the House and the Senate along party lines earlier this month, also addresses inflation, […]
From California to Texas to New England, America’s power grid reliability is in alarming shape. And there’s a common thread: The nation is taking apart its existing energy infrastructure far faster than it’s building reliable […]
The Inflation Reduction Act of 2022 On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA). The IRA reconciliation package includes $369 billion in funding and subsidies to support the transition […]
(Reuters) Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kick start carbon sequestration projects, say oil and gas proponents, offsetting startup costs for […]
In Episode 3 of The Energy Question with David Blackmon, David and the Sandstone Energy’s Stu Turley interview Sarp Ozkan, Vice President of Commercial Product at Enverus, and Tim Stewart, President of the U.S. Oil & Gas […]
Contrary to its title, the US Inflation Reduction Act will usher in more energy service inflation in the next 18 months as the incentives offered to manufacturers struggle to keep up with the increased demand triggered […]
The Inflation Reduction Act (IRA) includes more than $170 billion of tax credits for the electric industry, designed to encourage the shift from carbon-intensive fuels. An analysis carried out in 2020 suggested that decarbonizing the […]
The Inflation Reduction Act budget reconciliation bill has passed the Senate and will now move for approval in the House. As well as extending the existing biodiesel and renewable diesel tax credit, the bill provides […]
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