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Biden's climate law may boost oil production through enhanced recovery

Biden's climate law may boost oil production through enhanced recovery

Oil companies could use tax credits from the Inflation Reduction Act to extract more crude from existing wells through enhanced oil recovery, which injects CO2 underground to dislodge oil.

Shelby Webb reports for E&E News.

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Upper-income households capture most Biden energy tax credits

Upper-income households capture most Biden energy tax credits

A significant portion of tax credits aimed at promoting energy efficiency under Biden’s administration is disproportionately benefiting wealthier households, leaving lower-income families with minimal support.

Thomas Frank reports for Politico.

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Newsletter
Millions of households receive energy tax credits for upgrades
Photo by Raze Solar on Unsplash

Millions of households receive energy tax credits for upgrades

More than 3.4 million American households claimed $8 billion in energy tax credits last year for efficiency and renewable upgrades, cutting costs through the Inflation Reduction Act.

Clare Fieseler reports for E&E News.

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Newsletter
Oil companies pushed ineffective carbon capture while reaping tax benefits

Oil companies pushed ineffective carbon capture while reaping tax benefits

A congressional investigation found that oil companies misled the public about the effectiveness of carbon capture technology while benefiting from substantial tax credits.

Amy Westervelt reports for Vox.

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electric vehicles

Fewer electric vehicles will qualify for U.S. tax credits in 2024​

Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
kern county oil and gas
Credit: Christopher Halloran/Big Stock Photo

California county's plan to utilize federal funds for carbon capture raises concerns

Kern County, California, aims to harness federal tax credits to build facilities that produce and store carbon dioxide, a move critics view as counterproductive to tackling climate change.

Aaron Cantú reports for Capital & Main.

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US EV adoption rate

Three big reasons Americans haven't rapidly adopted EVs

US consumers are buying electric vehicles – just not at the pace some analysts predicted. A few core reasons keep the average consumer from moving past petrol.
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