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U.S. Natural Gas Futures Snap Three-Week Losing Streak
U.S. natural gas futures posted their biggest weekly gain since January, supported by reports of rising LNG feedgas flows, lower U.S. production, and forecasts for hot weather in Texas next week that should drive up demand from the power sector.The Wall Street Journal - World -
Jump in penalties for late filing of tax returns
A self-assessment return may be due even if there is nothing to payFinancial Times - World -
Capital-Gains Tax Hits More Home Sellers
The $500,000 exemption for home sales hasn’t changed since 1997.The Wall Street Journal - World -
Windfall tax weighs heavy on North Sea producers
Smaller independent operators say they have taken the brunt of the pain from the 75% tax rate on profitsFinancial Times - Business -
How a ‘Hidden’ $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise
Mayor Eric Adams is resurrecting a budget gimmick and charging rent to the city’s Water Board, which will pass on the costs to ratepayers.The New York Times - Top stories -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - World -
Biden administration grants flexibility for automakers in EV tax credit rule
The Biden administration on Friday granted automakers some flexibility on qualifying for electric vehicle tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act, incorporates a two-year exemption to provisions of ...The Hill - Politics - Joe Biden -
Manchin blasts leeway in Biden’s EV tax credit rule: ‘Outrageous and illegal’
Centrist Democrat Sen. Joe Manchin (W.Va.) is blasting the Biden administration’s new interpretation of which vehicles can qualify for electric vehicle tax credits — saying it gives too much leeway for batteries containing Chinese materials. “The ...The Hill - Politics - Joe Biden -
Pension savers warned of new tax-free lump sum cap
Withdrawals of more than £268,275 will be treated as taxable incomeFinancial Times - Business -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - Business -
Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.The Wall Street Journal - World -
Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.The Wall Street Journal - Business -
Reclassifying Cannabis Could Save Businesses Millions in Taxes and Spark an Influx of Capital
Marijuana has been a Schedule 1 drug for more than 50 years. The federal government's regulatory shift could unleash investment in the sector -- and attract big-pocketed competitors.Inc. - Business -
Biden's natural gas pause could complicate Pennsylvania strategy
The Biden administration’s pause on natural gas exports is putting the president in a tricky political spot in Pennsylvania, one of the key swing states in November. Pennsylvania has been one of the biggest beneficiaries of the last decade’s ...The Hill - Politics - Joe Biden -
Gas and propane stoves linked to 50,000 cases of childhood asthma, study finds
Gas stoves are likely giving some children asthma, a study says. Nitrogen dioxide, which forms when natural gas is burned, can irritate airways and worsen breathing problems.NBC News - Top stories -
Gas Stove Pollution Risk Is Greatest in Smaller Homes, Study Finds
Gas-burning ranges, a significant contributor to indoor pollution, can produce and spread particularly high levels of some pollutants in smaller spaces.The New York Times - World -
Gas stoves increase nitrogen dioxide exposure above WHO standards – study
Science Advances report also finds people of color and low-income residents in US disproportionately affected. Using a gas stove increases nitrogen dioxide exposure to levels that exceed public health recommendations, a new study shows. The ...The Guardian - World -
5 Dead After Inhaling Hazardous Gas at a Water Plant in Sicily
An official said the workers were killed by hydrogen sulfide, which is toxic in high concentrations. Italian officials and unions repeated urgent calls for better workplace safety.The New York Times - World -
U.S. Natural Gas Futures Extend Rally to Three Days
U.S. natural gas futures rose for a third straight session, supported by rising LNG feedgas demand, lower U.S. production and some hot weather forecasts for Texas.The Wall Street Journal - World