Tax credits

Summit carbon project would be reassessed if tax credits repealed, attorney says

December 12, 2024

(Investing) – The Summit Carbon Solutions’ massive carbon dioxide pipeline project proposal would need to be reassessed if the United States repeals tax credits for carbon capture and storage, a company attorney said on Thursday. Summit intends to capture carbon dioxide from 57 ethanol plants across the Midwest and transport it along a pipeline more than 2,000 miles (3,218 km)

Exclusive-Biden administration will not finalize clean fuel tax credit guidance

December 3, 2024

(Investing) – Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president’s climate agenda. The tax credit, the engine behind President Joe Biden’s ambitious plan to

Yellen says clean energy tax credits will help Americans save money, more work needed

January 10, 2024

Yahoo Finance BOSTON – U.S. Treasury Secretary Janet Yellen said on Wednesday that more work was needed to lower living costs for Americans but the Biden administration’s clean energy tax credits will help save people money and shield them from future price volatility in fossil fuel energy. Yellen, on a visit to a Boston community college to make a sales

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

September 20, 2023

World Oil (Bloomberg) – Exxon Mobil 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 of dollars in tax credits. The company is targeting “key decision makers” in Washington, including Democratic lawmakers, U.S. Treasury Department officials and

How long will the slowdown in renewables last?

March 3, 2020

GreenBiz Oil & Gas 360 Editors Note: Trevor d’Olier-Lees writes an excellent article looking at the renewable market, and if a downturn is on the horizon. The key take away’s from the article are surrounding the removal of tax incentives and the “market-driven era has begun”. I have always said that a balanced approach to energy production between fossil fuels,

Alaska Legislators Vote to Cut State’s Oil and Gas Tax Credits

June 7, 2016

Both the House and Senate passed versions of a new bill to overhaul the state’s oil and gas tax credits After intense bargaining and twelve versions of the bill, Alaska legislators in separate votes Monday approved changes to the state’s oil and gas tax credits as the state struggles with declining oil and gas revenues. House Bill 247 passed 21-19,