US Senators Investigate $370 Million IRS Payout to Cheniere Energy

US Senators Investigate $370 Million IRS Payout to Cheniere Energy

Seven Senate Democrats launched the probe over controversial tax credits to the country’s largest exporter of liquefied natural gas.By Phil McKennaSeven Democratic U.S. senators have launched a probe into a $370 million “alternative fuel” payout to Cheniere Energy, made earlier this year by the IRS, that critics say the liquefied natural gas export company never should have received.

Democrat Senators Investigate $370M IRS Payout to Cheniere Energy - Marcellus Drilling News

Seven Democrat U.S. senators (some of the worst of the worst) have launched an investigation into a $370 million “alternative fuel” payout by the IRS to Cheniere Energy, the U.S.’s largest LNG exporter. Critics argue that Cheniere should not have received the tax credit, as LNG is already standard fuel for its tankers, not an...