The U.S. Senate Finance Committee debated energy tax policy at a hearing titled "Energy Tax Policy in 2016 and Beyond."
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Senate Finance Committee Chair Orrin Hatch (R-UT) requested information on the use and administration of the Treasury Department's Section 1603 cash grants and energy tax credits from the Treasury, the Internal Revenue Service and the Treasury Inspector General for Tax Administration.
The National Resources Defense Council urged state governments and power companies to prioritize clean investments and asserted that the U.S. Environmental Protection Agency's Clean Power Plan will keep projected climate progress "on track."
Leading financial services participants and Members of Congress discussed the role of capital markets in funding green initiatives at a SIFMA roundtable.
A U.S. District Court Judge denied a renewable energy company's Motion for Summary Judgment in a case involving violations of the False Claims Act. The case concerns allegations that the renewable energy company committed fraudulent actions from which it received approximately $136,800,000 in grant money from the United States.