AF&PA Disappointed in U.S. Department of the Treasury Final Rules for Technology-Neutral Clean Electricity Credits

By AF&PA
The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock released the following statement in response to the U.S. Department of the Treasury and the IRS releasing final rules for the Clean Electricity Investment and Production Tax Credits.

“The U.S. Department of the Treasury’s (Treasury) final rule on clean electricity production and investment tax credits fails to recognize the carbon benefits of our industry’s biomass energy systems.

“The pulp and paper industry’s biomass energy systems should qualify for these credits. Unfortunately, despite the extensive comments and scientific literature we submitted in the record, Treasury declined to address the issue at this time.

“We urge the Trump administration to work with policymakers to resolve this harmful regulatory uncertainty regarding the carbon benefits of our biomass energy systems.”