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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

On July 1, 2021, the Internal Revenue Service published Revenue Ruling 2021-13 , which provides guidance on three important issues related to the income tax credit for carbon oxide sequestration found in section 45Q of the Internal Revenue Code.

Finance 59
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U.S. DEPARTMENT OF INTERIOR ISSUES 60-DAY MORATORIUM ON FEDERAL LEASING AND DRILLING PERMITS

The Energy Law

Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry.

Oil 76
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Wind Energy Development in the Gulf of Mexico

The Energy Law

The Construction and Operations Plan for this project was approved by BOEM in 2021. Also in June 2021, BOEM issued a Request for Interest (RFI) seeking public input on potential wind development in the GOM. Over the past year, the U.S. The regulatory process leading to the Vineyard Wind Project offshore Massachusetts began in 2010.

Energy 98
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ESG and Derivatives – ISDA’s Latest Publications

The Energy Law

ISDA executives also held a virtual press briefing on September 9, 2021 in which they discussed, with senior market participants, the role of derivatives in the rapid growth of sustainable financing products and ISDAs work in supporting this new market. Click here for the paper. Click here for the press briefing.

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Supreme Court Punts on Important Arbitrability Question

The Energy Law

2021) (“Henry Schein II”). The Supreme Court’s rare dismissal of a previously granted cert petition means that the justices have declined to reconsider the Fifth Circuit’s decision refusing to send the underlying dispute to arbitration. This is now the second time this case has been before the Supreme Court on issues of arbitrability.

Casing 76
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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

5/25/21), 2021 WL 2102932, —So. To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property. In Lexington Land Development, L.L.C. Chevron Pipelines Company , et al., 2020-0622 (La. In this case, Lexington Land sued Chevron U.S.A., million purchase price.

Casing 59
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FinCEN Seeking Comments on New Beneficial Owner Reporting Requirements

The Energy Law

On April 5, 2021, the Financial Crimes Enforcement Network (“FinCEN”) released its advance notice of proposed rulemaking (“ANPRM”) to solicit public comments on questions pertinent to its implementation of the Corporate Transparency Act’s (“CTA”) beneficial owner reporting requirements. The CTA contains many enumerated exceptions.

E&A 40