MENOKEN, N.D. — Some day, the passenger jets that soar 35,000 feet over Dan McLean’s North Dakota farm could be fueled by corn grown on his land and millions of other acres across the Midwest. Ethanol trade groups estimate that federal tax credits for sustainable aviation fuel, combined with the existing credit for renewable fuels, can provide between $1.85 and …
The Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production of sustainable aviation fuel and help curb fast-growing emissions from commercial airplanes. The Treasury Department actions would clear the way for tax credits for corn-based ethanol if producers follow “climate-smart agriculture practices,” including using certain fertilizers and farming methods. To qualify, sustainable aviation fuel, or SAF, …
Thousands of miles of carbon dioxide pipelines planned in the Midwest have been spurred, in part, by a major expansion of federal tax credits in Democrats’ 2022 climate law. “It’s very safe to say there’s been a significant uptick in commercial activity around carbon capture.” Among the tax credits for various clean energy programs in the climate law, seen as …
WASHINGTON — House Republicans are touting their debt limit package as a first step toward fiscal restraint, saying it’s past time for Congress to reduce the swelling deficits that they warn are threatening the fiscal health of the country. The Iowa Republicans railed against the $740 billion price tag of Democratic priorities like the Inflation Reduction Act last year, which …
