Insights &#038; Resources

California to Require Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk

California’s landmark legislative package places unprecedented climate reporting requirements on public and private companies that do business in California.

Now Open for Business: Department of Energy eXCHANGE Portal

Those applying for the Qualifying Advanced Energy Project Credit must use the DOE eXCHANGE portal. It is now open for business. Contact Weaver if you have questions.

Let the Transfer Games Begin

On June 14, Treasury and the IRS released much anticipated guidance on the transfer of certain credits in the form of proposed regulations.

IRS Issues Proposed Regulation on Application of Chemical Superfund Tax

The IRS issued proposed regulations on the application of the federal Superfund Tax that address a number of issues surrounding the imposition of the tax.

IRS Issues Statement on Export Tax for Oil Spills

In the March 6 Internal Revenue Bulletin the IRS issued a statement on export tax for oil spills. Find out more about this notice and how taxpayers are affected.

Illinois Appeals Court Says Book-Out Transactions Are Subject to Fuel Tax

In a recent decision, the First District Court of Appeals in Illinois held that book-out transactions are transfers of ownership of fuel and are subject to tax.

Greenhouse Gas Emissions Scope 3: Upstream and Downstream Emissions

Scope 3 emissions include the same 6 GHGs that are inventoried in Scope 1 and Scope 2 but the difference is that they appear in the product’s value stream.

Greenhouse Gas Emissions Scope 2: Indirect Emissions From Purchased Energy

Scope 2 emissions are purchased from, and managed by, an off-site entity, such as an electric company, a localized grid or energy district.

Greenhouse Gas Emissions Scope 1: Direct Company Emissions

In our continuing series, we continue with Scope 1 emissions and take a deep dive into measuring and accounting for greenhouse gas emissions.

Is Your Business Ready to Measure and Report Its Greenhouse Gas Emissions?

Our Greenhouse Gas Series dives into the three different types of emissions used to delineate direct and indirect sources of greenhouse gas emissions.

IRS Issues Guidance on Sustainable Aviation Fuel Tax Credit

The IRS has issued guidance on new sustainable aviation fuel tax credits that take effect on January 1, 2023. The guidance, Notice 2023-06, includes the following: