The American Jobs Plan
On March 31, 2021, the Biden administration released the
American Jobs Plan (the Infrastructure Plan ), which is
a proposal that, if ultimately enacted, aims to modernize outdated
infrastructure, create additional jobs and increase the United
States global competitiveness. While much of the
Infrastructure Plan describes areas in need of capital allocation,
it contains numerous tax-related references, many of which could
impact the energy industry.
Encouraging investment in electric
vehicles ( EVs )
The Infrastructure Plan includes provisions to spur domestic
supply chains and the production of raw materials to support
American workers making batteries and EVs, and would provide
consumers point-of-sale rebates and tax incentives to buy
What We re Reading This Week [March 22, 2021] - Insolvency/Bankruptcy/Re-structuring
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The energy industry continues to evolve as sectors converge and
as demand, supply and consumer preferences change. The global
economy is shifting to lower-carbon sources of energy, coinciding
with (or resulting from) a renewed focus on environmental, social
and governance (ESG) issues. Energy transition is
commonly used to describe the recent full-court press towards
cleaner energy; however, energy evolution, energy progression,
energy advancement and a host of other terms have all been used to
describe achievement towards a net-zero carbon world. The recent
policy focus on renewable and clean energy, which has trickled down