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Fossil fuel giant wins $370 million tax break for burning gas as an ‘alternative fuel’

General • February 27, 2026

Fossil fuel giant wins $370 million tax break for burning gas as an ‘alternative fuel’ is drawing significant interest across the industry.

The IRS allowed one of the world’s largest exporters of natural gas to claim its heavily polluting tankers are low-emissions “motorboats,” the company said.

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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