Topic
Carbon Sequestration
53 published works
The Nickel Report
Treasury Issues Proposed Regulations on Section 45Q Tax Credit for Carbon Capture
By David S. Lowman, Jr., Frederick R. Eames, Hilary B. Lefko, Robert J. McNamara
The Treasury Department and IRS have issued long-awaited Proposed Regulations regarding the tax credit for carbon capture and sequestration under Section 45Q of the Code1 (the “section 45Q credit”). Generally,…
Renewable Energy Outlook
IRS Releases Initial Guidance Regarding Section 45Q Carbon Sequestration Tax Credit
By David B. Weisblat, Tori Roessler
On February 20, 2020, the IRS issued its first round of guidance regarding the carbon sequestration tax credit found in Section 45Q (the “Section 45Q Credit”) of the Internal Revenue…
Mineral Law
Coming Attractions: Section 45Q Carbon Sequestration Guidance, Part II
By Eric Martin
The IRS’s much anticipated new guidance (here and here) for Section 45Q carbon sequestration tax credits was rather anticlimactic in that it focused on just two of the many issues…
Energy Business Law
IRS Releases Initial Section 45Q Carbon Sequestration Credit Guidance
By Philip Tingle, Martha Groves Pugh, Heather Cooper, Justin Jesse, Brian Moore
Treasury and the IRS released initial guidance on the amended Section 45Q carbon oxide sequestration credit on February 19, 2020. Notice 2020-12 and Revenue Procedure 2020-12 provide guidance relating to…
Schroeder Ag Law Blog
Regenerative Agriculture and Livestock
While animal agriculture is often a target in the climate change battle, recent research shows livestock could play an important role in reducing CO2 emissions. “Regenerative agriculture” or “carbon farming”…
Environment, Land & Resources
Why EPA’s Proposed CO2 Standards for New Power Plants Matter
EPA’s proposed standards have important implications, even though few coal plants are slated for development. By Joel C. Beauvais and Stacey L. VanBelleghem Background On December 6, the US Environmental…
Take Stock: Federal Policy Watch
New Opportunities Follow Expansion of Section 45Q Carbon Sequestration Credits
By Daniel Chung
The recent enactment of the Bipartisan Budget Act of 2018 extended and significantly expanded the existing tax credit for carbon sequestration under Section 45Q of the Internal Revenue Code. Although…
The Nickel Report
Recommendations for a US Message at the Carbon Sequestration Leadership Forum Ministerial Meeting
Energy ministers from participating Carbon Sequestration Leadership Forum (CSLF) countries will meet to discuss carbon capture and sequestration (CCS) issues in Abu Dhabi December 3-7. Included, are some suggestions for…
Mineral Law
North Dakota’s UIC Class VI Primacy Wait is Almost Over
By Eric Martin
The U.S. Environmental Protection Agency (EPA) is poised to approve North Dakota’s application for primary enforcement authority over the underground injection of CO2 for geologic sequestration in that state. Nearly four…
E2 Law Blog
FutureGen Receives EPA Permits for Underground Injection
On August 29, 2014, EPA issued the first Class VI underground injection control permits to FutureGen Industrial Alliance Inc., of Jacksonville, Illinois. Four permits were issued for injection wells for…