Posts filtered on Tag

Fiscal cliff

(Image: Fotolia)

After big fourth quarter, energy deals decline

Energy industry mergers valued at more than $50 million dropped in the first three months of the year compared to the frenzied fourth quarter, but rose over the first quarter of 2012.
(Bureau of Safety and Environmental Enforcement)

Oil industry tax deductions may face fiscal cliff woes soon, analyst warns

The tax package that passed on Tuesday evening and included credits for a range of areas of renewable energy did not include another widely discussed area of possible tax revenue – removing some of the tax deductions that oil and gas companies have enjoyed.
(AP Photo/Brennan Linsley)

Wind tax credit in Senate fiscal cliff legislation

Wind energy may emerge as one of the winners of the fiscal cliff tax negotiations, as compromise legislation passed by the Senate on Tuesday morning included a tax credit for renewable energy, according to the Associated Press.