The world would need as much as $215 trillion in cumulative investments to achieve a fully decarbonized global energy system by 2050, research provider BloombergNEF (BNEF) said in a report on Tuesday. This investment would be 19% […]
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 […]
Tariffs on Chinese solar panels that caused significant Hill turmoil in the past are once again threatening rifts between Democrats, the solar industry and President Joe Biden. In 2022, the Biden administration put a pause […]
Colorado’s new fees on oil and gas production will substantially increase the amount of money the state collects from fossil-fuel producers, but they will do little to offset its exceptionally low rates of conventional taxes […]
The Biden administration unveiled final rules Friday for lucrative electric vehicle tax credits that attempt to balance trying to boost EV adoption to fight climate change with curbing China’s dominance of the supply chain. But […]
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 […]
After blowback and months of deliberation over its green tariff proposal, Duke Energy is now suggesting a new twist meant to speed the addition of carbon-free electrons to North Carolina’s grid. The utility’s proposed […]
(WO) – The Independent Petroleum Association of America (IPAA) issued the following statement in response to President Biden’s FY 2025 Budget that would repeal many long-standing oil and natural gas tax provisions. IPAA President & […]
CNOOC The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional year putting 42,000 jobs in jeopardy. The 35% surcharge on profits due to high […]
The UK windfall tax on energy firm profits is expected to be extended by another year to 2029 this week during the annual budget speech later this week, Reuters reported Monday, citing unnamed industry sources […]
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