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US Economy
Carper Comments on EPA & DOE’s Launch of Methane Reduction Grants
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The US Environmental Protection Agency and the Department of Energy have made $850 million in competitive grants available to monitor and reduce methane emissions from the oil and gas sector. This is part of the Inflation Reduction Act’s Methane Emissions Reduction Program, which was negotiated by Senator Tom Carper. Methane, over 80…
Carper Comments on New EPA, DOE Grant Program to Lower Methane Emissions
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The Environmental Protection Agency (EPA) and the Department of Energy (DOE) have announced the…
Biden’s Act Boosts PA Yogurt Business; GOP May Cut Funding
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Hayley and Stephanie Painter, co-founders of Painterland Sisters, have used provisions from the Inflation…
White House Boosts Clean Energy Subsidies by 5x for Green Jobs
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The Biden administration has enacted new rules to aid clean energy companies, which the White House argues will help communities tied to the energy sector. The rules establish guidelines for subsidies that qualifying companies can receive under the Inflation Reduction Act as long as they pay prevailing wages, among other conditions.…
Federal Program Offers Clean Energy Incentives to Nonprofits
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The federal government is offering support to schools and nonprofits for investments in cleaner and more…
Biden’s $850M Tech-Driven Plan to Cut Methane Emissions
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The US government is opening bidding for $850 million in grants aimed at helping small oil and gas…
Why Republicans Oppose Electric Vehicles
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President Biden signed the Inflation Reduction Act two years ago, which included ambitious climate measures such as tax credits for electric vehicles and carbon emission caps for the auto industry. However, the adoption of electric vehicles remains concentrated in areas where Democrats are in the majority, with many consumers skeptical of…
Sen. Ernst Queries Biden Signs on Public Projects
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Senator Joni Ernst is questioning why the Biden administration is encouraging federal agencies to place…
Departments Unveil PWA Requirements in Inflation Reduction Act
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The Treasury and IRS released the final rule for compliance with prevailing wage and apprenticeship…
Final Wage Rules for Tax Credit Set under Inflation Reduction Act – Duane Morris LLP
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The U.S. Department of the Treasury and the Internal Revenue Service have issued final rules on prevailing wage and apprenticeship requirements in the Inflation Reduction Act, which allows developers of clean energy projects to claim tax credits up to five times the base incentive if they pay prevailing wages and hire registered…