On April 12, the House Energy and Commerce Subcommittee on Energy held a hearing on “The Fiscal Year 2019 Department of Energy Budget” with testimony from Secretary of Energy Rick Perry. The wide-ranging discussion covered the Administration’s request for the Office of Energy Efficiency and Renewable Energy (EERE), which would see a 70% reduction from Fiscal Year 2018; the Yucca Mountain project and legacy cleanup responsibilities; pipeline safety; encouraging innovation in the private sector; the Strategic Petroleum Reserve; resiliency in the electric grid; fusion energy research; cybersecurity infrastructure; fuel security; and Small Refinery Waivers.
In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the first installment of the series. Continue Reading Energy & Sustainability 2017 Year in Review: Tax Bill (Part 1 of 4)
On July 20, 2017, the National Academies of Sciences, Engineering, and Medicine (NASEM) released a report directing the U.S. Department of Energy (DOE) and the U.S. Department of Homeland Security (DHS) to develop solutions to improve the cyber and physical security and overall resilience of the US electrical grid. The report, which was first initiated by Congress following the massive outages caused by Hurricane Sandy in 2014 and is further driven by recent malware infections found on the servers at a nuclear plant, addresses threats to the grid posed by natural disasters and malicious cyberattacks.
As Republicans hold control of the executive and legislative branches, comprehensive reform of the tax code is one of their top policy priorities. While they agree on the need to reduce the corporate tax rate and reform the system, Republicans have yet to unite around a specific provision or path forward. To learn more about the legislative outlook for tax reform, read on!
Mintz Levin Strategies recently published its Washington Outlook for 2016, and it contained a variety of insights for the energy technology industry. Some of the most important items to keep an eye on in the coming year include fallout from Congress’ omnibus appropriations and tax extenders agreements, TSCA reform, action on climate change following COP21, and EPA regulatory efforts. Add to that an ongoing presidential election that will no doubt shape the political environment, and you have a recipe for an exciting year. For a more detailed breakdown on what to expect in 2016, read on!
Early Wednesday morning Congressional leaders reached agreement on a year-end spending and massive tax deal that would prevent a government shutdown and extend a series of tax breaks that benefit businesses and individuals. The agreement has major implications for the future of the energy industry and is being hailed by many as a dramatic victory for those in the renewable energy community. For more analysis of the deal, read on!
Congress is officially back in session, and several important energy-related issues loom on the horizon, including TSCA reform and a tax extenders package that could potentially impact renewable energy tax credits. President Obama, meanwhile, wrapped up a trip to the Arctic last week, announcing several funding initiatives designed to encourage energy efficiency in Alaska and elsewhere.
In the final full week before the July 4 recess, energy policy is taking center stage in both the legislative and executive branches. The Senate continues to piece together a broad bipartisan energy package, while the House takes on the EPA’s funding, the Clean Power Plan, and listens to officials on advanced battery storage. At the White House, the Obama administration continues efforts to spur global climate action. Read more in this week’s update from ML Strategies
In the run up to the Memorial Day recess, the House and Senate have had an eventful week, with even more on tap. Although Senator Portman and Shaheen recently passed their energy efficiency bill, several energy and environment hearings continue to keep Congressmen and Senators focused on this policy area. Click here to get the full rundown from ML Strategies.
While the potential Iran nuclear deal, the budget, and spending bills dominate Congress’ attention leading up to the Memorial Day recess, committees in both chambers have not forgotten about energy policy, with several hearings on the docket. Meanwhile, the Obama Administration used last week’s Earth Day celebration to reveal part one of the Quadrennial Energy Review along with several energy and environment executive actions. Read more in the latest Energy and Environment Update from ML Strategies.