We help our clients navigate and benefit from federal tax credit regimes, such as IRC Section 45Q, voluntary carbon credit programs, federal renewable fuel programs, U.S. Department of Energy and U.S. Department of Agriculture financing opportunities and state level initiatives, such as California’s Low Carbon Fuel Standard (LCFS). Our clients include, project developers, public power, industrials, private equity funds, tax equity investors, issuers, underwriters, and lenders.
As an early thought-leader in the CCS space, Nixon has actively participated in the dialogue relating to IRC 45Q and related IRS guidance and regulations, OCC bank regulations relating to tax credit financing, and proposed low carbon legislative initiatives. Our attorneys foster cross-industry discussions and education designed to accelerate investment in, and the transition to, CCS and other carbon mitigation technologies and projects. As the Biden administration moves to reset the national climate agenda, Nixon attorneys will be tracking these developments and will advise our clients of new opportunities, required operational changes to their businesses, and shifts in corporate ESG and climate-related disclosure.
NP Comment Letter to IRS 8/3/2020
- Comment Letter: Comments to Proposed 45Q Regulations to the IRS
Webinars and Conferences
- Carbon Capture and Energy: Everything’s Bigger in Texas
Recording- The Role of Debt in the Carbon Capture and Sequestration (CCS) Capital Stack
Recording | Materials- Insurance Solutions for 45Q Carbon Capture Projects
Recording | Materials- Financing Carbon Capture Technologies; IRC 45Q Monetization Strategies
Recording | MaterialsPublications
- Hydrogen hubs are coming
- Leveraging Infrastructure Cash For Carbon Transport Projects
- Private activity bonds: A new option for financing carbon capture projects
- It is shaping up to be a big year for clean hydrogen in Washington DC
- New CCUS guidance from IRS—The parts are greater than the whole
- OCC codifies rules governing national banks’ lending power to make tax equity investments
- Energy Insights: 45Q Carbon Capture Insurance Solutions
- Energy Insights: IRS proposes carbon capture tax credit qualifications
- The ‘Future’ is now: Responses due July 4, 2019, to IRC Carbon Oxide Sequestration Tax Credit ‘Request for Comments’
Our team has also been quoted in Law360, S&P Global, Power Finance & Risk, and Inframation.
S&P Global | March 22, 2021
This article quotes Energy and Infrastructure Projects practice team co-leader and New York City partner Ellen Friedman on how major banking institutions are pursuing carbon capture investment structures while mitigating sectorial risks, and also how investors are seeking further guidance and clarity from the IRS.
Law360 | March 08, 2021
This contributed article, which examines the OCC’s finalized rule governing national banks’ ability to participate in equity-based finance structures involving tax credits, was authored by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partner Forrest Milder in Boston; and Community Development Finance partners Michael Goldman and Shariff Barakat, both in Washington, DC.