The U.S. Department of the Treasury and Internal Revenue Service recently extended and expanded its Section 45Q safe harbor guidance, giving carbon capture and storage (CCS) projects greater certainty as they advance.
President Trump has doubled down on his promise to unleash American energy in his first 100 days in office, as has been evident in recent actions by the Departments of Energy and Interior that streamlined permitting under the National Environmental Policy Act (NEPA) and expanded offshore oil production parameters in the Gulf of America.
