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The final regulations from the Treasury Department and the IRS provide guidelines for claiming tax credits under section 45Q of the Internal Revenue Code, which encourages carbon oxide sequestration. They clarify how the capture, storage, and utilization of carbon oxide must be conducted and verified to qualify for credits. The regulations also define key terms, explain the process for credit recapture if captured carbon oxide leaks, and specify the documentation and reporting requirements necessary for compliance. The aim is to foster innovation and investment in technologies that reduce carbon emissions and assist in capturing carbon oxide effectively.

The National Marine Fisheries Service (NMFS), part of the National Oceanic and Atmospheric Administration (NOAA), has proposed a rule to designate critical habitat for the Beringia distinct population segment of the bearded seal under the Endangered Species Act. The proposed critical habitat includes marine areas in the Bering, Chukchi, and Beaufort seas, and focuses on sea ice habitat essential for the species' survival, such as areas for whelping, nursing, molting, and breeding communication. Public comments on this proposal are being requested, and considerations include potential impacts on existing activities and economic factors. The ultimate goal is to protect the areas critical for the conservation of these seals.

The Department of Housing and Urban Development (HUD) has issued a notice for new operating cost adjustment factors (OCAFs) that will be used to update rent for certain multifamily housing projects with section 8 contracts, effective from February 11, 2025. These factors help adjust rents by considering changes in operating costs like electricity, wages, and insurance. HUD is also asking the public for input on changes to the OCAF calculation method, like using state-level insurance data, which aims to better reflect recent increases in property insurance costs. Public comments must be submitted by January 10, 2025, through designated electronic or mail methods.

The U.S. Fish and Wildlife Service is inviting public comments on proposed amendments to habitat conservation plans for the lesser prairie-chicken in areas including Colorado, Kansas, New Mexico, Oklahoma, and Texas. These amendments involve changes to incidental take permits following updated boundaries for the lesser prairie-chicken's range. The public and various government levels can comment until February 13, 2025. The proposed amendments aim to expand conservation efforts and permit coverage without altering the original duration or scope of the plans.

The Department of the Interior is reopening the comment period for a proposed rule about oil and gas operations in the Arctic Outer Continental Shelf. This rule was initially published on December 9, 2020, and its comment period was set to close on February 8, 2021. Due to requests for more time, the comment period is now extended by 60 days, giving the public until April 9, 2021, to share their thoughts on the proposed changes. This proposal and its commentary are managed by the Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM).

The Environmental Protection Agency (EPA) has submitted a request to renew its information collection on solvent extraction for vegetable oil production. This renewal is subject to approval by the Office of Management and Budget (OMB) and follows previous public comments from May 2020. The EPA invites additional public comments by February 10, 2021. This proposal affects facilities with vegetable oil production processes, and compliance involves regular reporting and recordkeeping to meet federal standards.

The U.S. Department of Commerce has started an investigation to determine if seamless oil country tubular goods (OCTG) from China are avoiding existing trade duties by being sent to Thailand for completion before being imported into the U.S. This inquiry is in response to concerns raised by certain U.S. industries and unions, suggesting these goods might be evading antidumping and countervailing duties. The department will collect data from Thailand and decide whether these goods meet the criteria for circumvention under U.S. trade laws. Letters and questionnaires will be sent to producers in Thailand to gather necessary information.

The U.S. Department of Commerce has made a preliminary decision that SeAH Steel Corporation and its affiliate did not receive any countervailable subsidies for oil country tubular goods from Korea for the period from September 29 to December 31, 2022. As a result, the administrative review will be partially terminated for four other companies that were initially included. If these preliminary findings are upheld, no new countervailing duties will be imposed unless further notice is given. Interested parties are invited to comment on these findings.

Scott Sheffield, who was previously with Pioneer Natural Resources Company, has requested that the Federal Trade Commission (FTC) rethink and cancel its decision from January 16, 2025, related to Exxon Mobil Corporation’s acquisition of Pioneer. Sheffield argues that the FTC’s order is not grounded in antitrust law and violates both his constitutional rights and due process. He claims that the FTC’s allegations against him, such as coordinating with OPEC on oil production, are baseless and that the order unjustly limits his professional activities. Public comments on this petition are invited and must be submitted by May 12, 2025.

The Bureau of Indian Affairs, part of the Interior Department, issued a final rule on inflation adjustments for civil monetary penalties, effective January 28, 2021. This rule is part of an annual process mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which aims to keep penalties effective in deterring violations by adjusting for inflation. Using guidance from the Office of Management and Budget (OMB), the Bureau calculated the 2021 cost-of-living adjustment to be 1.01182%. These updated penalties apply to violations occurring after November 2, 2015.