(E&E News Energy Wire) Excerpt from E&E News Energy Wire: Many of the world’s largest energy companies and a Bill Gates-led group are joining an industry-led initiative to measure and map the
Tag "Treasury Department"
by Emily Skor (Growth Energy) … By any measure, 2022 was a banner year for biofuel advocates in Washington, D.C. We secured new funding for blending infrastructure, critical tax incentives
by David Iaconangelo (Politico Pro) The Treasury Department is expected to release a framework that could determine whether renewable hydrogen is a successful climate tool or a high-emitting fuel. — The
(National Business Aviation Association) NBAA recently joined with a coalition of dozens of aviation stakeholders in submitting comments to the IRS on implementation of the upcoming sustainable aviation fuel blenders tax
by Todd Neeley (DTN Progressive Farmer) A new clean fuel production tax credit created by the Inflation Reduction Act could pave the way for significant growth in biofuels including ethanol, sustainable
(Renewable Fuels Association) As federal agencies continue to work on implementation of the Inflation Reduction Act, the Renewable Fuels Association on Saturday filed two sets of comments to the Internal Revenue
(Clean Fuels Alliance America) Clean Fuels urges Treasury to use up-to-date, science-based model for carbon scoring — On Friday (December 2, 2022), Clean Fuels Alliance America submitted a written response to
(Renewable Fuels Association) Testimony, Comments Provided to Treasury, IRS, USDA — In separate comments and testimony to the U.S. Department of Treasury, Internal Revenue Service and the U.S. Department of Agriculture,
(Growth Energy) Today, Growth Energy sent a letter to the U.S. Department of the Treasury on implementation of Inflation Reduction Act of 2022 (IRA) tax credits for sustainable aviation fuel (SAF). In her
by Sam Sutton (Politico Pro) Treasury Secretary Janet Yellen on Monday said she was exploring how the administration could develop standards for voluntary carbon markets as part of broader efforts to
by Marc Heller (E&E News) Thirteen years ago, Congress decided a tax credit for companies that blend biodiesel shouldn’t go to refineries that put just a drop of the alternative fuel’s
by Matthew Choi (Politico’s Morning Energy) The Treasury Department warned multilateral development banks that the U.S. won’t support most future fossil fuel projects unless low-carbon alternatives aren’t feasible. The department
by Patrick Newkumet (OPIS) Alternative low-carbon fuel producers would receive tax credits for reaching net-zero emissions under a U.S. Senate bill introduced last month, but biofuel industry stakeholders are concerned they
by Naomi Jagoda (The Hill) … The White House is also proposing to eliminate tax preferences for fossil fuel companies and expand tax incentives for clean-energy production. Treasury said in
by Sebastian Blanco (Car and Driver) While not targeting gas-powered cars for extinction, the plan intends to bring electric cars fully into the mainstream by spending $174 billion to promote
by Steven Mufson and Juliet Eilperin (Washington Post) The Commodity Futures Trading Commission aims to create a new Climate Risk Unit, joining initiatives at Treasury, the Securities and Exchange Commission,
by Matthew Choi and Kelsey Tamborrino (Politico’s Morning Energy) The commission is setting up a climate and ESG task force in its enforcement division as the financial industry faces growing
by Kelsey Tamborrino (Politico’s Morning Energy) –President-elect Joe Biden is expected to officially tap Janet Yellen for Treasury secretary, a job with significant climate implications. –And former Secretary of State
by Kelsey Tamborrino (Politico’s Morning Energy) U.N. special envoy for climate change Mark Carney will tell the Bloomberg New Economy Forum today that central banks can take a more proactive role
(Bailout Watch) The U.S. government’s efforts to stabilize the financial system at the start of the global pandemic last spring have propped up the fossil fuel industry, which entered the
by Jordan Solomon (Ecostrat Inc./Biofuels Digest) The US has over a billion tons of biomass which can be used as a key lever to drive economic recovery. USDA estimates that
by Jim Talent (The Gazette) … Oil companies have requested special access to a $600 billion lending facility at the Federal Reserve, and the administration seems keen to deliver. The
by Saleha Mohsin, Ari Natter and Jennifer A. Dlouhy (Bloomberg/RigZone) The Trump administration may announce as soon as Thursday a plan to offer loans to the ailing oil industry possibly in
“It’s worth remembering that Wall Street can make money even when the businesses that they are funding don’t make money,” explained Saudi America author Bethany McLean in this Strand Book
by Mark Riedy and Eddie Wang (Kilpatrick Townsend & Stockton LLP/Biofuels Digest) The recently-established Opportunity Zone Program offers developers, including start-up technology companies attempting to develop and commercialize new technologies in the
by Jennifer A Dlouhy (Bloomberg) Strategy cheered by economists who served last six presidents; Endorsement could give boost to carbon tax-and-dividend plan — An all-star lineup of economists, from Alan Greenspan to Paul Volcker,
by Jim Lane (Biofuels Digest) A wide array of federal incentives supports the development and deployment of alternatives to conventional fuels and engines in transportation. These incentives include tax deductions and
Treasury, IRS Issue Guidance on New Sustainable Aviation Fuel Credit
(U.S. Internal Revenue Service) The Treasury Department and Internal Revenue Service today issued a notice regarding the Sustainable Aviation Fuel (SAF) credit. This is a new credit created by the Inflation