On May 28, 2021, the Biden administration (the “Administration”) released its FY2022 budget (the “Budget”), which includes proposed investments related to infrastructure, clean energy and research and development. Alongside...more
6/2/2021
/ Air Pollution ,
Biden Administration ,
Corporate Taxes ,
Federal Budget ,
Federal Funding ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Natural Resources ,
Oil & Gas ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Reform ,
Wind Power ,
Zero-Emission Vehicles
Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more
4/28/2021
/ Carbon Emissions ,
Clean Energy ,
Energy Efficiency ,
Energy Policy ,
Fossil Fuel ,
Infrastructure ,
Legislative Agendas ,
Oil & Gas ,
Tax Credits ,
Tax Incentives ,
Tax Liability ,
Transportation Corridor ,
Zero-Emission Vehicles
Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more
4/28/2021
/ Clean Energy ,
Davis-Bacon Act ,
Energy Efficiency ,
Energy Policy ,
Fossil Fuel ,
Fuel Standards ,
Greenhouse Gas Emissions ,
Infrastructure ,
Legislative Agendas ,
Oil & Gas ,
Outer Continental Shelf ,
Pollution Control ,
Prevailing Wages ,
Tax Credits ,
Tax Incentives ,
Tax Planning ,
Zero-Emission Vehicles
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/6/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Electric Vehicles ,
Energy Policy ,
Infrastructure ,
Investment Tax Credits ,
Oil & Gas ,
Orphan Wells ,
Power Grid ,
Production Tax Credit ,
Tax Reform
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/2/2021
/ Biden Administration ,
Clean Energy ,
Corporate Taxes ,
Electric Vehicles ,
Energy Policy ,
Income Taxes ,
Infrastructure ,
Investment ,
Mining ,
Next Generation ,
Oil & Gas ,
Power Infrastructure ,
Tax Credits ,
Tax Planning ,
Tax Reform
On March 17, 2021, U.S. Senators Chris Coons (D-Del.) and Bill Cassidy, M.D. (R-La.) and U.S. Representatives Marc Veasey (D-Texas) and David McKinley (R-W.Va.) introduced the Storing CO2 And Lowering Emissions (SCALE) Act. ...more
3/19/2021
/ Carbon Capture and Sequestration ,
Energy Policy ,
Energy Reform ,
Federal Funding ,
Legislative Agendas ,
Oil & Gas ,
Power Infrastructure ,
Regulatory Agenda ,
Storage Contracts ,
Tax Credits ,
Underground Injection Wells
The energy industry continues to evolve as sectors converge and as demand, supply and consumer preferences change. The global economy is shifting to lower-carbon sources of energy, coinciding with (or resulting from) a...more
3/16/2021
/ Biofuel ,
Biomass ,
Carbon Capture and Sequestration ,
Clean Energy ,
Climate Change ,
Energy Policy ,
Energy Reform ,
Environmental Social & Governance (ESG) ,
Oil & Gas ,
Renewable Energy ,
Wind Power
In December of 2020, the US Internal Revenue Service (the “IRS”) issued final regulations (T.D. 9935) (the “Final Regulations”) on like-kind exchanges under Section 1031 of the Internal Revenue Code of 1986, as amended. The...more
1/22/2021
/ Critical Infrastructure Sectors ,
Equitable Interests ,
Internal Revenue Code (IRC) ,
IRS ,
Like Kind Exchanges ,
Mineral Exploration ,
Natural Resources ,
Oil & Gas ,
Section 1031 Exchange ,
Tax Planning ,
Tax Rates ,
Tax Reform
As the incoming Biden Administration takes shape, energy companies will be monitoring potential tax policy initiatives, especially those that could impact the energy sector. Companies throughout the sector could be treated...more
1/20/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Energy Projects ,
Infrastructure ,
Oil & Gas ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Planning ,
Tax Rates ,
Tax Reform ,
Wind Power