Energy & Environment: Markey Wants Answers on Rare Earths
• Rep. Edward Markey, D-Mass., "is pressing the Obama administration for information about alleged Chinese restrictions on the export of rare earth minerals used in defense and energy technologies, warning of threats to U.S. interests," The Hill reports.
• "Three months after BP capped its runaway well in the Gulf of Mexico, the state of Louisiana is still building a chain of sand berms off its coast to block and capture oil even as federal officials and many scientists argue that the effort will prove pointless," the New York Times reports.
• An Idaho couple has "sued the state to stop the shipments by Imperial Oil and ConocoPhillips" to an oil sands site in Canada, "arguing that the" truck loads delivered there "would threaten the integrity of Idaho's historic portion of U.S. 12, as well as the safety of communities that depend on it as the main road in and out of the area," the Times also reports. "National environmental groups and climate change activists are supporting their efforts, seeing a broader opportunity to stall development of Canada's oil sands, which they denounce as a dirty source of energy. "
• "Combating climate change has long taken a back seat to coal production in West Virginia, but in the hard-fought House race in this state's 1st district, global warming hasn't even made it onto the bus," The Hill reports. "In interviews on Thursday, both the Democratic and Republican nominees for Congress voiced skepticism of the science behind global warming, and the Republican, David McKinley, flatly called concerns about climate change 'an attack on coal.'"
Biography provided by participant
Tom is a Partner in the Washington National Tax office of McGladrey & Pullen, LLP. Tom is the national leader for the Federal Tax Credits and Incentives practice, which includes the following services:
• Research tax credits
• Energy incentives
• Domestic production activities deduction
Tom is also responsible for monitoring and communicating tax legislative developments. Tom often gets involved in the largest tax credit projects for key clients. Prior to his current role at McGladrey, Tom led the accounting for income taxes practice and tax technology implementations.
Tom has written several articles on the research tax credit and renewable energy tax incentives and has been published or quoted in several industry publications. Tom also provided testimony that contributed to the Government Accountability Office report on the design and administration of the research tax credit.
Prior to joining McGladrey, Tom spent eight years at Deloitte where he led the national software research tax credit practice. Before that, Tom was at KPMG for three years, where he specialized in accounting for income taxes and corporate tax.