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HomeTax

Tax

Biden
Electric Vehicles

Biden’s EV tax credit rule offers big concession for automakers

May 4, 2024 Mariel Alumit

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 […]

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 […]

Duke Energy
Electrical Generation / Utilities

Critics: Duke Energy’s new N.C. green tariff proposal still falls short

April 18, 2024 Mariel Alumit

​ 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 […]

Biden
Crude Oil News

Biden’s full year 2025 budget hurts oil and gas industry by repealing long-standing tax provisions, IPAA admonishes

March 13, 2024 Mariel Alumit

(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 & […]

UK
Crude Oil News

UK extends oil and gas windfall tax until 2029

March 7, 2024 Mariel Alumit

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 […]

UK
Crude Oil News

UK Set to Extend Oil & Gas Windfall Tax This Week

March 4, 2024 Mariel Alumit

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 […]

Carbon Capture

ENB #193 The Driving Force of Integration: Using Data to Transform Energy Operations

February 23, 2024 Stu Turley

When I get to have a live broadcast, it is fantastic. When it is with Dan Gualteri it is even better. This is the third podcast where Dan stopped by and we had a blast […]

Big Oil Companies

BlackRock invests $550M in world’s largest direct air capture plant

February 17, 2024 Stu Turley

Direct air capture is a worthwhile investment, according to money manager BlackRock, which just invested more than half a billion of its clients’ dollars in the world’s largest facility for pulling carbon out of the […]

Heavier EV
Electric Vehicles

Heavier EVs tearing up California roadways but paying nothing for road maintenance

February 6, 2024 Mariel Alumit

Can it be true that California, in pursuit of reduced emissions from internal combustion engine vehicles, has mandated that heavier EV cars and trucks tear up the state’s roads? Shockingly, the state has no accompanying […]

electric vehicles
Electric Vehicles

Why Americans don’t want electric vehicles

February 6, 2024 Mariel Alumit

Not long ago, pundits were telling us that gasoline-powered cars would soon vanish from the streets, replaced by sleek, space-age vessels powered by electricity. But consumer demand for electric cars never matched the hype. Fewer […]

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