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Inflation Reduction Act
Carbon Capture and Sequestration: Policy, Permitting, Liability and Tax Credits
Watch Jason Hutt , Elizabeth McGinley , and Christine Wyman as they discuss Carbon Capture Underground Storage (CCUS), 45Q tax exemption and key compliance, permitting and liability consideration, and much more.
IRS and Treasury Department Release Final Regulations Regarding Like-Kind Exchanges
On November 23, 2020, the IRS and Treasury Department released final regulations (the Final Regulations) under Section 1031 of the Internal Revenue Code of 1986, as amended (the Code). Prior to the Tax Cuts and Jobs Act of 2017 (the...
Amendments Announced for Existing Foreign Ownership Rules of UAE Onshore Commercial Companies
On 23 November 2020, the UAE government announced that His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE had issued a decree (the “ Decree ”), amending existing foreign ownership rules for onshore UAE commercial companies. To...
EPA Draft Guidance Memorandum on the Application of County of Maui
On December 8, 2020, the U.S. Environmental Protection Agency (“EPA”) released a draft guidance memorandum (“Draft Guidance”) to provide guidance to the regulated community and permitting authorities, including the EPA, on applying the recent decision of the United States Supreme...
No Longer a Lightweight: Promising Paths Forward for Hydrogen-Related Energy
We are pleased to present a panel on the emerging role of hydrogen in the energy sector. In addition to an overview of hydrogen energy options from Dave Edwards of Air Liquide, the panel will include discussions of key policy...
SEC Sends Warning Shot on COVID-Impact Disclosures
The Securities and Exchange Commission fired a warning shot last week to all public companies about the quality and accuracy of disclosures made regarding the impact of the COVID-19 pandemic on business operations. On December 4, the SEC announced settled...
FERC Offers Limited Clarifications on its PURPA Reform Order
By a November 19, 2020 Order on Rehearing, the Federal Energy Regulatory Commission (“FERC” or “Commission”) clarified a discrete set of issues arising from its landmark July 2020 order (“Final Rule”) modifying the Commission’s regulations implementing the Public Utility Regulatory...
NASDAQ Proposes Board Diversity Requirements
On December 1, 2020, the NASDAQ Stock Market LLC filed with the Securities and Exchange Commission a proposal to adopt rules that would require Nasdaq-listed companies, subject to certain exceptions, to (1) have at least two diverse directors, including one...
Clean Water Act: The Good, The Bad, and The Muddy
This Environmental Law Seminar webinar discussed a range of Clean Water Act topics including reissuance and revisions of the U.S. Army Corps of Engineers’ nationwide permits for work in wetlands and other waters regulated by Section 404 of the Act...
LIBOR LATEST - A Temporary Reprieve for USD LIBOR?
Often referred to as “the world’s most important number”, the London Interbank Offered Rate (LIBOR) is used as the reference interest rate for a range of commercial and financial contracts worth hundreds of trillions of dollars globally. As market commentators...
FERC Proposes New Treatment of Fuel Cells Under PURPA
Comments for FERC’s Notice of Proposed Rulemaking on Fuel Cell Energy Output (“NOPR”) are due tomorrow, November 25, 2020. [1] In the NOPR, FERC proposes to modify its regulations for qualifying facility (“QF”) status under the Public Utility Regulatory Policies...
IRS and Treasury Department Release Guidance on the Deductibility of Eligible Expenses under the Paycheck Protection Program
On November 18, 2020, the IRS and Treasury Department released Revenue Ruling 2020-27 (the Revenue Ruling) stating that, if a taxpayer received a PPP Loan (defined below) and paid or incurred Eligible Expenses (defined below), the taxpayer may not deduct...
The Next Four Years: What Will the Clean Air Act Bring?
The Trump administration arrived four years ago with a strong deregulatory agenda, which included a number of promised changes to Clean Air Act (CAA) rules and policies. After getting off to a slow start, the Trump EPA carried out a...
2020 Post-Election Analysis: Issue by Issue
CONTENTS First 100 Days Committee Leadership in the 117th Congress Energy Environment Tax International Trade Consumer Product Safety Appropriations and Budget ________________________________________ FIRST 100 DAYS By Scott Segal and Liam Donovan As President-elect Biden stands poised to assume the...
Post-Election Analysis from Bracewell’s Policy Resolution Group (PRG): Implications for U.S. Energy and Environmental Policy
PRG’s Scott Segal , Tim Urban and Eric Washburn led a discussion about the 2020 election outcome and the impact it will have on the Energy and Environment industries through political and policy analysis.