Tag Archives: Inflation Reduction Act

Overview of the Inflation Reduction Act’s Methane Tax

Carbon Emissions Factory SmokeKey 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

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
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