Will
Kim

On May 1, 2025, Cravath prepared a memo for its clients entitled “New Executive Order: Enhancing Offshore Critical Mineral Development,” which examines the recently issued executive order, “Unleashing America’s Offshore Critical Minerals and Resources.” The order outlines the administration’s policy objectives for the United States to become a leader in seabed mineral development and mandates certain actions to be undertaken by various federal agencies over the next 60 days in advancement of these policy objectives, including expediting the permitting process for seabed mining, developing a plan to map priority areas of the seabed, and engaging with key partners and allies to jointly develop seabed mineral resources.

On April 29, 2025, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Sections 45Y and 48E Technology‑Neutral Clean Electricity Production and Investment Tax Credits.” The memo examines the final regulations regarding the clean electricity production credits available under Section 45Y of the Internal Revenue Code of 1986, as amended, and the clean electricity investment tax credits available under Section 48E of the Code that were published by the U.S. Department of the Treasury and the Internal Revenue Service earlier this year.

On January 28, 2025, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Section 45V Clean Hydrogen Production Tax Credit.” The memo examines the U.S. Department of the Treasury and the Internal Revenue Service’s recently published final regulations for the Clean Hydrogen Production Tax Credit under Section 45V of the Internal Revenue Code (the “45V Credit”).

On December 18, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Section 48 Investment Tax Credits.” The memo examines the U.S. Department of the Treasury and the Internal Revenue Service’s recently published final regulations regarding the energy credit available under Section 48 of the Internal Revenue Code.

On November 19, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Advanced Manufacturing Production Tax Credits.” The memo examines the United States Department of the Treasury and the Internal Revenue Service’s recently issued final regulations for Advanced Manufacturing Production Tax Credits under Section 45X of the Internal Revenue Code.