The enacted Inflation Reduction Act includes critical provisions for enhancing IRS Section 45Q. The enhancements involve lowering the carbon capture threshold and increasing tax credits, direct pay, and transferability. So what is next, and how will the enhancements incentivize CCS deployment? Are the enhanced provisions game-changing for the deployment of CCS technology?
On Friday, October 28th at 11:00am ET, the Global CCS Institute will offer a 60-minute webinar that delves into these topics while exploring the monetization of the 45Q enhancements. In addition, we will feature a panel of experts specializing in credit-maximizing structures, CCS project development, finance structuring, and regulatory analyses.
- Barbara de Marigny, Partner, Baker Botts LLP
- Ben Reiter, Associate at Nixon Peabody LLP
- Ellen Friedman, Partner, Global Projects Practice, at Baker Botts LLP
- Matt Kittell, Managing Investment Officer, Loan Program Office, at the U.S. Department of Energy
- Michael L. Platner, Senior Tax Counsel, at Van Ness Feldman LLP
Barbara de Marigny is a partner at Baker Botts LLP, She focuses her practice on tax structuring for transactions, with a particular focus on the taxation of climate and clean energy initiatives, such as the section 45Q federal tax credit for carbon capture, use and sequestration ("CCUS"), tax incentives for hydrogen energy, alternative fuel vehicles and carbon pricing proposals. She is a frequent speaker and author on section 45Q topics, including the provision of comments and testimony to the IRS on the proposed regulations and regularly advises clients on credit-maximizing, tax equity and credit monetization structures.
Ben Reiter is an Associate at Nixon Peabody where he assists developers, investors, and utilities in navigating complex regulatory and project finance issues related to the development of renewable, carbon capture, clean hydrogen, and electric transmission projects.
Ellen Friedman is a partner at Baker Botts LLP and an experienced project finance attorney focused on energy projects. Ellen is at the forefront of the energy transition assisting clients in the development, build-out, and financing of renewable energy, renewable natural gas, clean hydrogen and carbon capture and sequestration projects, including the use of federal and state tax and other incentives supporting these ventures such as IRC 45Q and 45V. Her practice supports a wide variety of clients, including project developers and sponsors, tax and equity investors, commercial lenders, buyers and sellers of projects and hedge providers.
Matt Kittell is a Managing Investment Officer with DOE’s Loan Programs Office and is currently leading the launch, implementation, and execution of the multi-billion dollar CIFIA program for CO2 transport infrastructure financing. Matt has worked in the climate and clean energy field for over twenty years, the last seven of which focused on CCUS.
Michael L. Platner provides strategic counsel on legal, legislative and regulatory issues, including tax, energy, and international trade. Michael has extensive experience developing and implementing successful government relations programs. He has a refined understanding of the political landscape, supported by technical knowledge and a wealth of experience drafting issue papers, advising on legislative and regulatory matters, and building and advocating winning legislative and regulatory strategies for participants in energy and related markets. Prior to joining the firm, Michael was the Tax Director for the American Petroleum Institute and the Tax and International Trade Counsel for U.S. Senator John H. Chafee.