News & Analysis as of

Proposed Legislation Carbon Capture and Sequestration Climate Change

Beveridge & Diamond PC

Congress Eyes Sweeping Changes to Carbon and Biomass Incentives: 45Q Tax Credit Reforms, New Biochar Program, and Forest Residues...

Beveridge & Diamond PC on

Senate Draft of BBB Would Standardize and Reduce Value of 45Q Credit, Diminishing Incentives for Long-Term Carbon Storage - The Senate’s draft of the “One Big Beautiful Bill” (BBB) proposes several material changes to...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — December 2024

Coming up on a month since the presidential election, some things are starting to become clearer, though many questions remain. We will release a Viewpoints article in the next week that will be a more in-depth assessment of...more

Brownstein Hyatt Farber Schreck

Impact of Colorado Carbon Capture Legislation on Oil and Natural Gas Producers

State proposal to expand carbon capture authority also proposes changes to the Oil and Gas Conservation Act As part of a bill revising aspects of the Colorado Energy and Carbon Management Commission’s (ECMC) (f/k/a Colorado...more

BakerHostetler

States Continue to Build Out Carbon Sequestration Regulatory Structure in First Half of 2023

BakerHostetler on

With 45Q tax credits beginning to flow following passage of the Inflation Reduction Act of 2022, states continue to pass carbon sequestration legislation in the hopes of bolstering and luring industry engaged in carbon...more

BakerHostetler

Bipartisan Bill Seeks Further Tax Incentives for Carbon Capture and Utilization Projects

BakerHostetler on

On Feb. 28, the Captured Carbon Utilization Parity Act (CCU Parity Act) was introduced by Sen. Sheldon Whitehouse, D-R.I., and Sen. Bill Cassidy, R-La. The CCU Parity Act would increase the tax credit available for carbon...more

A&O Shearman

Historic Climate Change Bill Gains New Support

A&O Shearman on

On July 27, 2022, Senator Joe Manchin of West Virginia, a key vote in the United States Senate, announced that he would support legislation providing $369 billion for climate and clean energy action in what could be the most...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: December 2019 #3

Chevron to Take $10B+ Write-Down - "More than half the write-down is related to gas drilling operations in Appalachia." Why this is important: In recent years, the pressure to reduce carbon emissions has affected...more

Foley Hoag LLP - Environmental Law

Which Comes First, Innovation or Regulation?

Two seemingly unrelated stories in Wednesday’s trade press got me thinking – always dangerous – about the relationship between regulation and innovation. The first story, from Daily Environment Report, noted that House...more

Mintz

Energy And Environment Update -- April 1, 2013

Mintz on

In This Issue: Congress; Administration; Department of Energy; Environmental Protection Agency; Interior Department; Department of Homeland Security; Department of State; Department of Treasury; Government...more

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