Energy & Environment Update - December 2015

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Energy and Climate Debate -

Congressional negotiations continue on the omnibus appropriations and tax extenders package, though after an arduous process, an end is in site. In the meantime, the 21st Conference of Parties to the United Nations Framework Convention on Climate Change concluded its international climate negotiations in Paris last week with a global accord.

Facing a December 11 continuing resolution expiration, Congress passed last week a five-day funding extension in the hope that they would be able to come to a final agreement on the Fiscal Year 2016 Omnibus Appropriations measure by Wednesday. Given that they have not yet finalized the deal, another short term CR, to expire December 22, will be required to keep the government open until a complete agreement is approved, most likely by the end of the week. While funding levels – $1.1 trillion – have been agreed to, policy riders and the possibility of including a broader tax extenders package than the fairly clean Senate Finance Committee approved two-year bill have held up the package.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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