Good morning, Tim

SEC Extends Climate Disclosure Phase 1 Deadline by 90 Days

SEC Chair announces 90-day extension for large accelerated filers' first climate disclosure filing deadline, citing industry readiness concerns. New deadline: September 30, 2026 for FY2025 filings.

Treasury Releases Updated 45V Clean Hydrogen Guidance

Treasury Department clarifies 'deliverability' pillar for hydrogen PTC: regional grid accounting allowed for electrolytic hydrogen producers connected to grids with >80% clean energy. Significant win for Pacific Northwest producers.

Senate Finance Committee Schedules CBAM Markup for April 15

Chairman Wyden announces markup of the Foreign Pollution Fee Act for April 15. Bipartisan support with Sens. Cassidy (R-LA) and Graham (R-SC) co-sponsoring. Forest products included in covered commodities.

BLM Announces First Conservation Lease Pilot Areas in Oregon and Idaho

Bureau of Land Management designates 1.2M acres across SE Oregon and central Idaho as pilot areas for conservation leases under the new Public Lands Conservation Rule. Applications open May 1.

IRS Publishes Proposed Regulations Expanding 45Q to Forest Carbon

IRS issues proposed regulations explicitly including enhanced forest management and reforestation in 45Q carbon capture eligibility. Direct pay available. Comment period: 60 days.