Energy Workforce & Technology Council 90th Anniversary

Energy Workforce Breaks Down Inflation Reduction Act

The Energy Workforce & Technology Council Government Affairs team has compiled an in-depth breakdown of the recently enacted Inflation Reduction Act. This analysis takes a look at the legislation’s provisions impacting the energy services and technology sector of the industry, including specific information on:

  • Creation and extension of tax credits
    • 45Q – Carbon Capture
    • 45V – Hydrogen
    • 45X – Clean Manufacturing
  • DOE and EPA Funding and Grant Opportunities
  • Methane Fee
  • Federal Oil and Gas Leasing Program and Federal Royalty Rate Increases
  • Tax Implications

Additionally, the Energy Workforce & Technology Council Government Affairs team is hosting a virtual briefing on September 13. This event will include additional analysis of this legislation, as well as a chance for Member Companies to ask questions on the impacts and opportunities included in the Inflation Reduction Act.

If your company is interested in this issue and working with the Council’s Government Affairs Committee, contact SVP Government Affairs & Counsel Tim Tarpley.

Deidre Almstead Kohlrus, Director Government Affairs, writes about industry-specific policies for the Energy Workforce & Technology Council. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.



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