United States
President Biden’s proposals for prioritizing clean energy affect the industrials sector including manufacturing, automotive, and oil and gas
The IRS examines eligibility of component parts to carbon capture equipment and when owner of partial equipment may claim sec. 45Q credit.
The IRS has added the 2021 Hyundai Ioniq to list of vehicles eligible for section 30D credit affecting buyers and lessors of these vehicles.
IRS adds multiple vehicles to its list of plug-in electric motor drive vehicles for purposes of the section 30D credit.
Twenty-Five Democratic Senators have introduced legislation to overhaul Federal energy provisions in the tax code.
Claimants not entitled to alternative fuel credit after IRS found activity did not qualify, despite issuance of IRS 637 registration.
Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.
The political and social landscape in the oil and gas industry is changing, and companies without an ESG strategy will fall behind.