Cheniere Energy CEO Jack Fusco
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 alternative, and the credit was intended for motor vehicles or motorboats up to 65 feet, not 1,000-foot tankers. The senators question whether the IRS determined LNG tankers qualify as motorboats and whether LNG use in these vessels should be considered an alternative fuel.
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