Poe Leggette

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Overview of the Inflation Reduction Act’s Methane Tax

Photo of Poe LeggettePhoto of Bailey A. BridgesBy Poe Leggette and Bailey A. Bridges on Posted in Alert
Key Takeaways Introduction Part I of this three-part methane update discussed the state of substantive methane regulation in the United States and touched on the Inflation Reduction Act’s (“IRA” or “the Act”) addition of Section 136 to the Clean Air Act. This Part II covers Section 136’s first-ever federal “charge on methane emissions[.]” Part III will cover … Continue Reading

Inflation Reduction Act Provides Boost and Benefits to Carbon Capture Utilization and Storage Industry

Photo of Poe LeggettePhoto of Tom DonahoPhoto of John R. Lehrer IIBy Poe Leggette, Tom Donaho and John R. Lehrer II on Posted in CCUS
The newly passed Inflation Reduction Act of 2022 (IRA) is poised to transform the carbon capture utilization and storage (CCUS) industry through significant tax credits and benefits, including through enhancements to Section 45Q of the Internal Revenue Code. The IRA encourages additional capital investment in CCUS projects by developers and sponsors through at least the following: … Continue Reading

Understanding Missouri v. Biden: The Benefits and Costs of Carbon Emissions

Photo of Poe LeggetteBy Poe Leggette on Posted in Carbon Emissions
On Feb. 26, the Biden administration announced that, for at least the rest of the year, federal agencies will conduct regulatory and environmental analyses assuming that the global “social cost” of emitting carbon dioxide is $51 per ton. Called the “Social Cost of Carbon” for short, this calculation will be directed primarily toward agriculture and … Continue Reading
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