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United States
Taft Stettinius & Hollister
On November 28, 2023, Michigan Governor Gretchen Whitmer signed into law a suite of bills (Senate Bills 271, 273, and 502) that will require Michigan's utilities to meet aggressive clean energy...
Jones Day
The September 2023 publication by the U.S. Treasury Department of its Principles for Net-Zero Financing and Investment ("Principles") marks the first time a major U.S. government agency has provided...
Jones Day
On September 28, 2023, the United States Environmental Protection Agency ("EPA") Office of Enforcement and Compliance Assurance ("OECA") released a memorandum announcing its new Climate...
Holland & Knight
The U.S. Department of the Treasury and IRS on Nov. 17, 2023, released long-awaited proposed regulations (Proposed Regulations) regarding the investment tax credit (ITC) under Section 48 of the Internal Revenue Code.
Mintz
The US Global Change Research Program released the Fifth National Climate Assessment, which provides authoritative information on the risks, impacts, and responses to climate change...
Mintz
Continuing the rollout and implementation of the Bipartisan Infrastructure Law (BIL), and in support of the Biden administration's goals of a fully carbon pollution–free electricity sector by 2035...
Liskow & Lewis
On October 30, 2023, the U.S. District Court for the Eastern District of Louisiana found that the rule established by the U.S. Supreme Court in Robins Dry Dock & Repair Co. v. Flint...
Davis Graham & Stubbs
On Monday, November 20, 2023, the Colorado Supreme Court issued a decision in which it declined to adopt a universal definition of "production" in Colorado oil and gas leases...
Steptoe & Johnson
Among the usual reminders about tariff compliance, duty of candor, and market manipulation, the Federal Energy Regulatory Commission (FERC) Office of Enforcement's (OE) 2023 Report on Enforcement...
Seward & Kissel
On October 18, 2023, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") eased certain sanctions on the oil and gas sector, as well as the gold sector, in Venezuela.
McGuireWoods LLP
On Nov. 17, 2023, the IRS and Treasury Department released a series of proposed regulations for the Section 48 investment tax credit (ITC) that the energy market has anticipated for nearly a decade.
Foley & Lardner
Late last week, the Internal Revenue Service ("IRS") and Department of the Treasury released the long-awaited proposed regulations (the "Proposed Regulations")...
Holland & Knight
The U.S. Department of the Treasury on Nov. 17, 2023, issued proposed regulations regarding the investment tax credit under Section 48 of the Internal Revenue Code...
Davis Graham & Stubbs
On Friday, October 20, 2023, the Colorado Department of Public Health & Environment ("CDPHE"), Air Quality Control Commission ("AQCC")...
Akin Gump Strauss Hauer & Feld LLP
President Biden urged action on climate change following the release of the fifth National Climate Assessment. In the Senate, Sen. Roger Wicker (R-MS)...
Mintz
Our climate emergency has spurred all kinds of innovation around alternatives to the combustion of fossil fuels to generate energy.
Worldwide
Mayer Brown
OFAC Designates Russia and Balkans-Related Individuals and Entities and Issues Russia and Balkans-Related General Licenses: On November 16, the Department of the Treasury designated several individuals...
Arnold & Porter
Carbon markets in Latin America are poised for take-off. With a rich history of involvement in hydrocarbon production and huge natural carbon sinks...
Jones Day
The implementation of the European Sustainability Reporting Standards poses risks for reporting companies, in particular with respect to climate-related disclosures.
WTW
The premium base has increased due to the influx of constructions this year compared to the previous four or five years. This is due to a more stable oil price at USD 80 - 90 levels...
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