PRC hearing examiners recommend three possible scenarios for PNM to replace SJGS power
Hannah Grover, Farmington Daily TimesPublished 12:35 p.m. MT June 25, 2020 | Updated 3:11 p.m. MT June 25, 2020. AZTEC — New Mexico Public Regulation Commission hearing examiners have recommended possible scenarios for replacing the electricity that Public Service...
The Navajo Wanted To Go Green Then This Surprise Deal Made Them Americas 3rd Largest Coal Miner
Christopher Helman Forbes Staff Energy After relying for generations on coal for jobs and cash, the Navajo tribe was looking for a change. Instead—thanks to NTEC Chairman Tim McLaughlin—they got deeper into mining. How could the way out of coal be . . . more coal? tʼs...
Norton Rose Fulbright Podcast: Tax Equity and Carbon Sequestration
Ep102: Tax Equity and Carbon Sequestration June 04, 2020 | By Keith Martin | David Burton | Amanda L. Rosenberg How should carbon sequestration transactions be structured in light of proposed regulations the IRS issued on May 27 about claiming section 45Q tax credits?...
Webinar – Carbon Capture: A Pathway for Meeting Pennsylvania’s Environmental and Economic Goals
Energy producing states are looking at carbon capture, utilization, and storage (CCUS) as a useful option for reducing greenhouse gas emissions while ensuring energy supply and spurring development of new markets for alternative fuels like hydrogen. However, deploying...
U.S. Treasury Issues Proposed Section 45Q Regulations on Carbon Sequestration Credits
Sidley Updates On May 28, 2020, the U.S. Internal Revenue Service (IRS) and the Department of the Treasury (Treasury) released proposed regulations (Proposed Regulations) relating to the tax credit for sequestration of carbon oxides provided by Section 45Q of the...
At long last, new carbon capture project launches in Alberta
The largest carbon capture pipeline in the world faced lengthy delays to develop Kyle Bakx · CBC News · Posted: Jun 02, 2020 8:00 AM ET After more than a decade in the works, a new carbon capture project in Alberta is now operational with lofty goals of sequestering...
Proposed Regulations for CCUS Tax Credit: Greater Certainty for Developers and Investors
By Michael L. Platner June 1, 2020 On Thursday, May 28, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (REG-112339) for the §45Q, Credit for Carbon Oxide Sequestration, of the Internal Revenue Code (Title 26 of...
IRS proposes guidance for expanded carbon capture tax credit
The Hill - BY RACHEL FRAZIN - 05/29/20 11:04 AM EDT The IRS late Thursday provided guidance for expanding a tax credit that encourages the use of still-developing technology to remove carbon from the atmosphere. The long-awaited update to the regulations for carbon...
Phillips 66, Uniper, Vitol sign Humber Zero CO2 MoU
Coal | Electric Power | Natural Gas | Metals 19 May 2020 | 12:42 UTC London Author Henry Edwardes-Evans Editor Daniel Lalor London — Phillips 66, Uniper and Vitol-owned VPI Immingham have signed a Memorandum of Understanding to install post-combustion CO2 capture...
Equinor, Shell and Total sign off on building world’s first carbon capture network
International oil giants hand in $685m Northern Lights plan to Norwegian government to develop project to capture 5 million tonnes of CO2 a year from European heavy-emitters Rechargenews.com 15 May 2020 14:37 GMT UPDATED 15 May 2020 15:22 GMT By Darius Snieckus Energy...
Carbon Capture Now a Jobs Lifeline Thanks to 45Q Credit
Posted on April 9, 2020 by Justin Ong Wrongly perceived as unachievable, capture carbon is on the cusp of major development. A natural gas power plant in California. A coal power plant in North Dakota. A cement facility in Colorado. A new Louisiana LNG terminal. A...
After years of waiting, IRS and Treasury release guidance for carbon capture tax credit
Hannah Grover, Farmington Daily TimesPublished 4:17 p.m. MT Feb. 22, 2020 FARMINGTON — The proposal to retrofit the San Juan Generating Station with carbon capture technology and keep it open after 2022 relies heavily on tax equity financing, but there has not been...
Carbon Capture Investors Get Tax Credit Clarity From IRS
Allyson Versprille February 19, 2020, 12:07 PM MST Investors and developers looking to take advantage of an enhanced tax credit for carbon capture projects just got much-needed clarity from the IRS. The agency, in a notice and a revenue procedure Wednesday, addressed...
A Rare Trump-Era Climate Policy Hits an Obstacle: The Tax Man
By Brad Plumer Feb. 11, 2020 Updated 1:43 p.m. ET WASHINGTON — A rare policy enacted under President Trump to address climate change has run into an unexpected hurdle: the tax man. In 2018, Congress approved a lucrative tax break for companies that use carbon capture...
Japan Races to Build New Coal-Burning Power Plants, Despite the Climate Risks
New York Times By Hiroko Tabuchi Ms. Tabuchi went to Yokosuka, Japan, to examine a controversial decision to invest heavily in coal. Feb. 3, 2020 Just beyond the windows of Satsuki Kanno’s apartment overlooking Tokyo Bay, a behemoth from a bygone era will soon rise: a...
Energy Chiefs Tout CO2 Capture as Thunberg Slams Lack of Action
By Francine Lacqua and Jeremy Hodges January 21, 2020, 4:18 AM MST https://www.bloomberg.com/news/articles/2020-01-21/energy-chiefs-tout-co2-capture-as-thunberg-slams-lack-of-action Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous...
U.S. Leads New Wave of Carbon Capture and Storage Deployment
The Hill BY BRAD PAGE/OPINION CONTRIBUTOR SUNDAY, JANUARY 5, 2020 AT 1:00 PM EST THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL Copyright © 2020 The Hill As we ring in the new decade, it has become ever more apparent that the next ten...
California Public Utility Commission Decision Extends Natural Gas Generation
Concerned about looming reliability issues, the California Public Utilities Commission has proposed to extend the planned retirement of as much as 3,750 MW of gas-fired plants and to accept offers from gas fired generation in a proposed solicitation. In the proposed...
Norway’s CO2 seabed storage project gets boost from industry, EU
SEPTEMBER 5, 2019 / 7:29 AM OSLO (Reuters) - Norway’s Equinor signed preliminary agreements on Thursday with seven potential industrial customers for its project to develop carbon dioxide storage under the North Sea, a crucial step toward securing state funding. The...
Serious about climate means serious about carbon
THE HILL |BY S. JULIO FRIEDMANN, OPINION CONTRIBUTOR — 10/06/18 THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL This week, the Intergovernmental Panel on Climate Change (IPCC) will release a report on the feasibility of stabilizing...