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Climate Policy Watch

CEQ sends final NEPA update for OMB review

Critics and others have warned that the proposed changes are unlawful and will only delay projects further due to increased litigation.

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Industry Backs IRS Plan Allowing Penalty Deductions But Fears State Limits

Industry attorneys are largely welcoming a long-awaited IRS plan allowing companies to deduct from their federal taxes fines and penalties paid to the government under consent decrees, such as those resolving environmental, health and safety enforcement actions.

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Investor group urges financial regulators to respond to climate risks

“Left unmanaged, [climate] risks could have significant, disruptive consequences on asset valuations, global financial markets and global economic stability,” says CERES.

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Court Weighs Ruling In Major Suit Over Adequacy Of Oil & Gas GHG Review

A federal court is weighing a ruling in a long-pending suit with potentially sweeping implications for the Interior Department’s (DOI) oil and gas leasing program after briefing concluded, as environmentalists are seeking to force officials to conduct a more robust climate change analysis during environmental reviews of new leases.

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States seek to intervene in CEI suit over vehicle GHG rollback

“CEI Petitioners’ objective of forcing . . . even more lenient standards would result in increased emissions and even greater harms for [states],” the motion adds.

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CARB Eyes Much Stricter ZEV Rules, GHG Limits For Vehicles From MY26

California air board officials are eyeing much tougher zero-emission vehicle (ZEV) sales mandate requirements and greenhouse gas tailpipe standards on the auto sector for passenger vehicles in models year 2026 and beyond, in part to help the state achieve its GHG reduction target for 2030 and its goal of achieving “carbon neutrality” by 2045.

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EPA Study Finds No Need To Mitigate Air Emission Increases Due To RFS

EPA in a new determination finds the renewable fuel standard (RFS) has a mixed impact on air quality but says there is no need for the agency to mitigate any emissions increases because its separate Tier 3 fuels and vehicles rule largely achieves the air pollution cuts that such mitigation would secure, and no additional air controls are available.

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IRS Issues CCS Tax Plan With Split Decision On Key Reporting Issues

The IRS has issued a long-awaited proposed rule outlining how carbon capture and storage (CCS) projects can claim crucial tax credits, rebuffing some industry demands to ease monitoring requirements for oil recovery projects while also rejecting several groups’ calls for full transparency on reporting.

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SAB Panel Wrestles With Key Debate On Rule Cost-Benefit ‘Discounting’

In a debate particularly relevant for future climate change rules, EPA advisers are wrestling with how agency guidelines should address discounting future benefits or costs from regulations, including how such guidance might accommodate policy shifts by a future White House.

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Southern Company joins pledges for 2050 net zero carbon goal

Environmental groups are welcoming the utility’s commitment as a sign of evolving climate action in the Southeast even as they pledge to closely scrutinize the details of its implementation.

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