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Jan 22, 2025 | 
mondaq.com | Shaun Lascelles |Wesley Williams |Alex Harrison |Matthew Kapinos
As we enter 2025 with a new president in the White House andRepublicans in control of both the House and the Senate, we canlook forward to a significant shift in the landscape for oil &gas transactions. The second Trump administration has made clearits intent to repeal most, if not all, of the Biden era cleanenergy actions and instead urge the industry to "drill, baby,drill" in an effort to radically increase production.
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Jun 3, 2024 | 
mondaq.com | Scott Heimberg |Sam Guthrie |Matthew Kapinos |Susan Lent
On May 29, 2024, the Internal Revenue Service (IRS) and the
Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology
neutral clean electricity production tax credit (PTC) in section
45Y and the clean electricity investment tax credit (ITC) in
section 48E, each of which was designed to become available for
projects that are placed in service after December 31, 2024, when
their corresponding predecessors (sections 45 and 48, respectively)
generally expire.
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May 30, 2024 | 
lexology.com | Shariff Barakat |Scott Heimberg |Matthew Kapinos |Susan Lent |Daniel Lynch |Jeffrey D. McMillen | +4 more
On May 29, 2024, the Internal Revenue Service (IRS) and the Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology neutral clean electricity production tax credit (PTC) in section 45Y and the clean electricity investment tax credit (ITC) in section 48E, each of which was designed to become available for projects that are placed in service after December 31, 2024, when their corresponding predecessors (sections 45 and 48, respectively) generally expire.
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May 24, 2024 | 
mondaq.com | Scott Heimberg |Sam Guthrie |Matthew Kapinos |Susan Lent
On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other changes) adding a new elective safe harbor designed to make it easier for taxpayers to establish that they qualify for the bonus amount, which is only available for certain of the clean energy production and investment tax credits (PTC and ITC) added or amended by the...
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May 22, 2024 | 
lexology.com | Shariff Barakat |Scott Heimberg |Matthew Kapinos |Susan Lent |Daniel Lynch |Jeffrey D. McMillen | +4 more
On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other changes) adding a new elective safe harbor designed to make it easier for taxpayers to establish that they qualify for the bonus amount, which is only available for certain of the clean energy production and investment tax credits (PTC and ITC) added or amended by the...
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Mar 12, 2024 | 
lexology.com | Sergio A. Urias |Amy Wollensack |Anna K. Abram |Shariff Barakat |Jesse Betts |Laura Black | +20 more
The year 2023 will be remembered as a challenging year for private equity, with complexities to navigate on many fronts. Traditional debt financing was expensive and scarce, expectations on valuations were tricky to navigate, portfolio companies required additional attention, fundraising was not easy and regulators continued to scale up their scrutiny of the industry and its transactions.
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Feb 1, 2024 | 
mondaq.com | Matthew Kapinos |Emily P. Mallen |Sam Guthrie
Policies and incentives supporting the energy transition,
combined with strong oil & gas cashflows and growing concerns
over energy security, have enhanced efforts to modernize the
industry and invest in technologies that will accelerate
decarbonization.
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Jan 17, 2024 | 
lexology.com | Shariff Barakat |Matthew Kapinos |Daniel Lynch |Amy Elliott
Guidance recently issued by the Department of the Treasury and the Internal Revenue Service (IRS) in proposed regulations (REG-117631-23) will (if held to be final) have a significant impact on green hydrogen projects in the United States. The proposed regulations include a very restrictive interpretation of what types of renewable energy must be used by a hydrogen-producing facility for the resulting hydrogen to qualify for the Section 45V hydrogen production tax credit.
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Jul 14, 2023 | 
akingump.com | Matthew Kapinos |Shariff Barakat |Sam Guthrie
Akin partners Matt Kapinos, Shariff Barakat and Sam Guthrie will be moderating panels and presenting at Infocast’s joint conferences CCS/Decarbonization Project Development, Finance & Investment and RNG & SAF Capital Markets that will explore current market perspectives, the latest developments, and what is on the horizon for carbon capture and renewable natural gas projects. The conference will take place July 24-26, 2023, in Houston, TX.
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May 3, 2023 | 
jdsupra.com | Shariff Barakat |Ike Emehelu |Matthew Kapinos
The U.S. Environmental Protection Agency (EPA) announced its intent to approve the State of Louisiana’s request to take primary responsibility for the permitting of geologic carbon sequestration facilities as Class VI injection wells under the Safe Drinking Water Act’s (SDWA) Underground Injection Control (UIC) program. UIC Class VI wells are used to inject and permanently store carbon dioxide in underground geologic formations.
