Paul M. Seby, a shareholder in the Environmental and Energy & Natural Resources Practices, is quoted in an Aug. 24 Law360 article titled “Justices Must Restore Trump-Era GHG Rule,
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Identifying the Natural Resources Subject to the Environmental Rights Amendment
On July 21, the Pennsylvania Supreme Court revisited the Environmental Rights Amendment, Article I, Section 27, of the Pennsylvania Constitution when Pennsylvania Environmental Defense Foundation v. Commonwealth returned to the
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Is the Oil and Gas Lease Over? Court Ruling Offers Guidance
Roughly 15 years ago, many Pennsylvania landowners entered into oil and gas leases in the expectation of receiving royalties for the extraction of shale gas and oil underlying their properties.
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EPA Will Finalize Rule Imposing Toxics Release Inventory Reporting Requirements on Natural Gas Processing Facilities
On April 29, 2021, Administrator Michael Regan announced that EPA plans to add Natural Gas Processing (NGP) facilities to the list of industries subject to Toxics Release Inventory (TRI) reporting
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Jordan Cowman and Robert Downing to Speak at Columbia Business School: Guyana – Suriname Conference Series
Jordan W. Cowman and Robert J. Downing, shareholders of global law firm Greenberg Traurig, LLP, will participate in the virtual Columbia Business School: Guyana – Suriname Conference Series
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Greenberg Traurig’s Energy & Natural Resources Attorneys, Mexico Practice Recognized by 2021 Chambers Global
Four attorneys from the Energy & Natural Resources Practice at global law firm Greenberg Traurig, LLP, were recognized in the 2021 edition of the prestigious legal services directory Chambers
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Amendments to Regulations for Import/Export of Hydrocarbons and Hydrocarbon Products in Mexico
On Dec. 26, 2020, Mexico’s Ministry of Energy (SENER) published in the Federal Official Gazette (DOF), a resolution that establishes the goods for which import and export activities are subject
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New Jersey’s Environmental Justice Legislation: The Focus on Major Source Permit Applications Might Impact Property Values
Last month, I wrote about the “Environmental Justice for All Act,” a bill that proposes a finding that vulnerable populations are disproportionately burdened by environmental hazards. New Jersey is
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Summary of Guidance on Section 45Q Carbon Tax Credits Under 2020 Notice and Revenue Procedure
On Feb. 19, 2020, the IRS released Notice 2020-12 and Revenue Procedure 2020-12 (together, the “Carbon Guidance”) which provide highly anticipated clarity on the Internal Revenue Code Section 45Q credit
IRS Takes First Steps to Implement Carbon Capture Tax Credit
On Feb. 19, 2020, the Internal Revenue Service released partial guidance on the implementation of section 45Q tax credits related to the capture and sequestration of carbon dioxide. The section 45Q tax credit was updated on Feb. 9, 2018, as part of the Bipartisan Budget Act (Pub. L. 115-123) to increase the amount of the tax credit per ton and to broaden the applicability to include “qualified carbon oxide.” The new IRS guidance is designed to assist in implementing the modified law.
The 2018 law removed the volume cap applicable to the tax credit, expanded the definition to include not just carbon dioxide but other carbon oxides such as methane, and raised the amount of the tax credit per ton. Carbon oxides captured and used for enhanced oil recovery can now receive a tax credit of up to $35 per ton, while carbon oxides deposited in secure geological storage can receive a tax credit of up to $50 per ton.
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