Energy Tax News
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Renewable energy companies moved a step closer to accessing a tax financing structure that’s worth more than $350 billion as the American Petroleum Institute said it would back Congressional plans to expand the program.
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Alaska Senator Lisa Murkowski, the top Republican on the energy committee, said there’s bipartisan support for allowing renewable energy companies to tap a tax structure used by oil and natural gas companies.
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Whirlpool Corp ., the world’s largest appliance maker, said first-quarter profit increased 3 percent, helped by an energy tax credit.
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South Korea may link an energy taxation system to emissions as part of efforts to reduce greenhouse gases, the finance ministry said in an e-mailed statement.
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Spain may approve new energy taxes today designed to raise 4.3 billion euros to help cover the higher costs of generating low-carbon electricity and to avoid raising power prices directly, Cinco Dias reported.
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Wind-turbine installations are poised to exceed natural gas-fueled power plants in the U.S. for the first time this year as developers race to complete projects before a renewable energy tax credit expires.
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Poland’s proposals to increase taxes on oil and gas will result in reduced exploration, the Polish Exploration and Production Industry Organization said.
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The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, according to consent decrees released yesterday.
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Germany’s environment and economy ministers, coalition partners from different parties who have clashed over the country’s shift from nuclear power, forged a joint plan to slow power-price increases caused by subsidies for renewable energy.
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U.S. Senate Democrats are pressing to include a suite of tax breaks for renewable energy in a payroll tax-cut bill that lawmakers may consider this weekend.
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