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Water Resources Legislation Could Lead to Increase of U.S. Water P3s

President Obama recently signed into law the Water Resources and Reform Development Act of 2014 (WRRDA). The statute begins to address ways to fund the billions of dollars necessary to update the country’s drinking water...more

Historic Water Resources Reform and Development Act Enacted into Law

On June 10, 2014, President Obama signed into law the Water Resources Reform and Development Act of 2014 (“WRRDA”) (Public Law No: 113-121). The primary purpose of the bill is to provide funding for improvements to rivers...more

Congress Passes WIFIA Pilot Program

Following the 412-4 vote in the U.S. House on Tuesday and the 91-7 vote in the U.S. Senate yesterday, the president is expected to quickly sign into the law the Water Resources and Reform Development Act of 2014 (WRRDA). In...more

The Eagle Ford

2013 was another remarkable year in the Eagle Ford. Whereas five years ago few had heard of it, today the Eagle Ford is one of the largest oilfields in the United States. What is most exciting is that the play is just...more

REsource - Winter 2013/2014

In This Issue: Bringing Non-U.S. Capital Into (and Back Out of) U.S. Real Estate; A Wider Play of Shale: A Hydraulic Fracturing Primer; California Clears Way for Pollution Clean-Up with AB 440; and Which Way is the...more

Capital Infusion: Practical Environmental Considerations in Acquiring or Securing Financing with Real Estate

This article focuses on environmental due diligence issues in the context of acquiring commercial/industrial real estate or using real property to secure financing. The analysis and risk factors for the acquisition of real...more

Renewable Energy Update -- July 11, 2013

Renewable Energy Focus - Why aren't there more solar plants in the desert? -- The Huffington Post - Business - Jul 2: The vast and glittering Ivanpah solar facility in California will soon start sending electrons to...more

OSC Staff Notice 43 705, Review Of Technical Reports By Ontario Mining Issuers

On June 27, 2013, the OSC issued Staff Notice 43-705 addressing OSC concerns with respect to disclosure in technical reports....more

MA to Issue AA+ $100m of Green Bonds on June 4

The State of Massachusetts announced that on June 4, 2013, it will issue $100 million of Green General Obligation Bonds (“GO Green Bonds”) underwritten by Bank of America Merrill Lynch....more

2013 Federal Budget Impact On Mining Activities

The good news is that the mineral exploration tax credit of 15% has been extended for an additional year. In addition, the budget has made an amendment to Section 66.1(6) of the federal tax legislation to add the words...more

Budget Briefing 2013

The Honourable Jim Flaherty, Minister of Finance, tabled Budget 2013 today. In his Budget Speech, the Minister lauded Canada’s economic strength and achievements over the last seven years, while acknowledging that there are...more

Dam Removal - A US National Infrastructure Issue

Originally Published in Project Finance International, February 27, 2013. Experts estimate that approximately 85% of the 79,000 dams in the United States will approach the end of their operational life by 2020. The...more

Quebec Tightens Rules On Financial Guarantee Requirements For Rehabilitation And Restoration Plans

On February 13, 2013, a notice was published in the Gazette officielle du Québec by the Minister of Natural Resources, Martine Ouellet, announcing amendments to the Regulation respecting mineral substances other than...more

DEEP Updates Engineered Control Financial Assurance Guidance

On January 31, 2013, the Connecticut Department of Energy and Environmental Protection (DEEP) unveiled revisions to guidance on financial assurance for engineered control variances under the Remediation Standard Regulations...more

Maryland Governor Proposes $1.5 Million Funding For Hydraulic Fracturing Study

As we have discussed in prior posts, Maryland has in place a de facto moratorium on shale exploration and drilling. Responding to inquiries about drilling into Marcellus shale formations in western Maryland, in 2011 Governor...more

On the Heels of Declaring South Fayette Township Ineligible to Receive Impact Fee Funds, Judge Quigley of Commonwealth Court...

On October 18, 2012, the PUC issued an opinion after reviewing an ordinance enacted by South Fayette Township relating to natural gas drilling, which found the Township in violation of Act 13. Due to the violations, the...more

CFIUS Update: President Blocks Ralls Transaction

As addressed in our September 27 blog, the Committee on Foreign Investment in the United States (CFIUS) was sued in U.S. District Court by Ralls Corp relating to the acquisition by Ralls of four Oregon companies whose assets...more

Seventeen Central Valley Levee Systems Lose Eligibility For Federal Rehab Assistance

On August 23, 2012, the U.S. Army Corps of Engineers (“Corps”) announced that 17 Central Valley levee systems are now ineligible for federal rehabilitation assistance, after a temporary agreement between the Corps and the...more

State Grants Assist Development of Local Stormwater Programs

The Virginia Department of Conservation and Recreation (DCR) recently issued an RFP to solicit proposals to establish grant agreements for the development of Virginia Locality Stormwater Programs. State grant applications are...more

Introduction of Omnibus Bill to Impact Portions of Plan Nord and to Introduce Oil and Gas Mineral Rights Auctions

On May 15, 2012, the Québec Government introduced in the National Assembly An Act respecting mainly the implementation of certain provisions of the Budget Speech of 20 March 2012 (Bill 73), an omnibus bill providing for...more

Shale Gas: What Is New in China?

The National Development and Reform Commission, China’s Ministry of Finance, the Ministry of Land and Resources (MLR), and the National Agency of Energy on March 13, 2012 jointly published the first five-year plan for...more

Renewable Energy Projects: Tax-Exempt and Other Tax-Advantaged Financing

The term “renewable energy” describes energy that comes from natural resources that are naturally replenished, including solar energy, wind energy, geothermal energy, bio-energy, wave power, tidal power and hydroelectricity....more

Pennsylvania and West Virginia Move Tax-Break Bills to Lure Petrochemical Plant, Hundreds of Jobs

Originally published in Marcellus Shale Law and Policy Update A legislative proposal that would expand Pennsylvania's tax-incentive zones is one of the lures the state is using to convince Shell Oil Company to...more

Treasury Clarifies 5 Percent Safe Harbor Ownership Guidelines for Section 1603 Grants for Renewable Energy Projects

The Treasury Department has issued guidance in the form of two new “Frequently Asked Questions” addressing when transferees or purchasers of renewable energy property will qualify for the 5 percent safe harbor for beginning...more

Treasury Department Issues Further Guidance on Section 1603 Grant Program

Yesterday, the Department of Treasury released guidance in the form of frequently asked questions (FAQs) on the cash-grant program enacted in Section 1603 of the American Recovery and Reinvestment Act of 2009, P.L. 111-5. The...more

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