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HomeInflation Reduction Act

Inflation Reduction Act

Senator Ted Cruz
Energy Policy

Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax

June 5, 2024 Mariel Alumit

U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden administration’s Inflation Reduction Act, a release posted on Cruz’s website recently announced. Rigzone asked the Cruz camp what effect […]

Inflation Reduction Act
Energy Policy

New IRS Guidance Makes the Inflation Reduction Act’s Energy Subsidies Harder to Eliminate

May 31, 2024 Mariel Alumit

The Inflation Reduction Act (IRA), the landmark climate law passed in 2022, offers energy‐​related subsidies for a variety of activities. Many of the IRA’s energy subsidies, such as tax credits for electric vehicles and green hydrogen production, are slated […]

Climate Crisis

Week Recap: Wind Costs, EV Struggles, and Policy Debates

May 25, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Who is paying for the Free Energy Wind?- or as Penguin Empire Reports – “Who’s paying for lunch?” May 18, 2024 Stu Turley ENB Pub Note: This is a guest post […]

Climate Crisis

Free Wind Energy = Free Lunch?

May 20, 2024 Andy Del Prado

Daily Standup Top Stories Who is paying for the Free Energy Wind?- or as Penguin Empire Reports – “Who’s paying for lunch?” May 18, 2024 Stu Turley ENB Pub Note: This is a guest post from […]

Critical Minerals Tax Credit
Geopolitical

Chinese Companies Should Not Benefit From the EV Critical Minerals Tax Credit

May 17, 2024 Mariel Alumit

The Inflation Reduction Act established the Section 30D New Clean Vehicle Credit, which includes a $3,750 critical minerals tax credit. Taxpayers are eligible for the credit if they purchase qualifying, new electric vehicles with batteries […]

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 […]

Oil and Gas
Energy Policy

The surprising reason why Big Oil may not want a second Trump term

March 26, 2024 Mariel Alumit

HOUSTON — As president, Donald Trump vowed to unleash American “energy dominance,” while on the campaign trail, he has summarized his energy policies with the slogan “drill, baby, drill.” Yet a possible Trump victory in the 2024 election is not delighting oil […]

Biofuels
Biofuel

Biofuels Market Booms as Demand Exceeds Pre-Pandemic Levels

March 11, 2024 Mariel Alumit

Biofuels, particularly those derived from waste and non-food crops, are gaining traction as a renewable energy source to decarbonize hard-to-abate sectors like aviation and shipping. The U.S. and India are leading the charge in biofuel […]

Big Oil Companies

Daily Energy Standup Episode #317 – Granholm’s Clean Energy Agenda, First Solar’s Impact, and Saudi Arabia’s Oil Woes

February 27, 2024 Andy Del Prado

Daily Standup Top Stories Energy Secy. Granholm explains the clean energy ‘battle’ – Really? February 26, 2024 Stu Turley The Biden administration has made some big investments into infrastructure and clean energy initiatives within the US. […]

Solar
Energy Transition

First Solar could have $5 billion impact on U.S. economy by 2026 – But at what cost? Is there a formula for printed money cost and subsidies?

February 26, 2024 Stu Turley

ENB Pub Note: Tammy Nemeth, author and podcast host, brought out a great point in this article. At what cost can we place on the printing of money and the subsidies? It would seem that […]

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