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HomeTax

Tax

Solar
Electrical Generation / Utilities

Solar, Wind Energy Get Hundreds Of Times More Tax Incentives Than Oil And Gas

October 2, 2023 Mariel Alumit

Over the last 10 years, domestic solar capacity in the United States has grown 13-fold. Considering the amount of federal support the industry receives, that should be no surprise. Using data from the U.S. Energy […]

ExxonMobil
Big Oil Companies

ExxonMobil lobbies Biden administration for tax credits for hydrogen made from natural gas

September 28, 2023 Mariel Alumit

(Bloomberg) – ExxonMobil Corp. is lobbying the Biden administration to allow hydrogen made from natural gas to qualify for some of the most lucrative subsidies available in the President’s signature climate law, pushing for billions […]

California
Downstream

Why Are Gas Prices So High In California?

September 27, 2023 Mariel Alumit

In 2012, the retail price of gasoline was about 30 cents higher in California than in the rest of the country. This difference rose to well over $2 per gallon earlier this fall, when gasoline […]

Finance

Despite Federal Tax Hikes, Revenues Are Way Down – Here Are 5 Reasons Why

September 12, 2023 Mariel Alumit

Authored by Preston Brashers via The Epoch Times, Just because the government raises taxes, doesn’t necessarily mean it will raise more revenues. The Biden administration is discovering that the hard way. In August 2022, President […]

Austria
Crude Oil News

Austria Looks To Lower The Windfall Tax Threshold For Its Oil And Gas Industry

August 28, 2023 Mariel Alumit

The Austrian government is looking to lower the threshold for a windfall tax it imposed on oil and gas companies last year. That’s according to a new Bloomberg report, which noted that until now the threshold […]

UK
Crude Oil News

UK Oil And Gas Giant Cuts Investments And Defers Projects Over Windfall Tax

August 28, 2023 Mariel Alumit

Ithaca Energy, one of the largest oil and gas producers in the UK, has reduced investments and is deferring some projects this year and next, due to the burden of the windfall tax Britain has […]

Texas
Electric Vehicles

Under new state law, Texas will bill electric vehicle drivers an extra $200 a year

August 23, 2023 Mariel Alumit

Plano resident Tony Federico bought his Tesla five years ago in part because he hated spending lots of money on gas. But that financial calculus will change slightly on Sept. 1, when Texas will start […]

Carbon Capture

Carbon-Pricing Initiatives Around The World

August 11, 2023 Mariel Alumit

As Visual Capitalist’s Freny Fernandes details below, over the past two decades, governments around the world have responded to climate change through various initiatives and policies, with carbon pricing at the forefront. A recent example […]

carbon
Carbon Capture

Rex Murphy: Trudeau carbon tax nothing more than a senseless money grab

August 9, 2023 Mariel Alumit

I’ve insisted on this forever, with however little effect. It is a tax on carbon dioxide, a life-giving, life-enhancing element of the air we breathe. Carbon dioxide is the source and vital energy of all […]

Canada
Crude Oil News

Canada Fulfills Climate Pledge to End Fossil Fuel Subsidies

July 24, 2023 Mariel Alumit

The Government of Canada is committed to investing in a strong, sustainable economic future that will deliver good, middle‑class jobs, clean air, and energy security for generations to come. Today, the Honourable Steven Guilbeault, Minister […]

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