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Baker Botts L.L.P.

P2N0 - Edition 14 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to the fourteenth edition of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). P2N0 identifies significant news items globally, reporting on them in short form, focusing on policy...more

White & Case LLP

Further groundwork for Article 6 Paris Agreement laid at Bonn Climate Change Conference

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The Bonn Climate Change Conference saw limited progress resolving open issues related to Article 6 of the Paris Agreement, which aims to incentivize international cooperation in mitigating climate change through carbon credit...more

Stinson LLP

EPA Releases Suite of Environmental Regulations for Utility Sector: What does it mean for you?

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On April 25, 2024, the Environmental Protection Agency (EPA) signed four final rules representing multi-media regulation (air, water, waste, climate) for the utility sector. Individually, each rule would have been notable for...more

Mayer Brown

ANP Publishes Individual Renovabio Emissions Targets for 2024 and 2023 Results

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On March 28, 2024, Brazil’s National Petroleum Agency (ANP) published the mandatory individual targets for reducing greenhouse gas emissions for 2024. These targets consider the global target of 38.78 million Decarbonization...more

BCLP

To Retrofit or Rebuild - is Planning Policy a Help or Hinderance?

BCLP on

Reducing the embodied carbon in the built environment has an important role in mitigating the effects of climate change. However, there is no national planning policy that incorporates such considerations in the planning...more

Gray Reed

What’s New From the Climate-Alarm Industry?

Gray Reed on

A lot, it turns out. The Biden Administration, bending the knee to the progressive wing of the Democratic Party, has paused approval of new LNG export facilities. (In terms of influence on the President, this “wing” is...more

Gray Reed

What Happened at COP28?

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About the same as what happened at COP27. The 70,000+ fabulists, opportunists, and assorted acolytes comprising the congregation of the Church of Our Holy Mother of the Suffering Planet celebrated another high mass in,...more

Flaster Greenberg PC

American Carbon Emissions Fall Again - But to What End?

Flaster Greenberg PC on

Two recent studies show that, by the end of 2023, United States carbon emissions will decrease, despite an expansion in the overall economy of about 2.5 percent. That is, according to the United States Energy Information...more

Gray Reed

Pushback Against Climate Hysteria

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A quiz: What do Big Oil and Galileo, and maybe you, have in common? Answer is... ...more

Cadwalader, Wickersham & Taft LLP

Sustainable Business Group Urges EU to Cut GHG Emissions 90% by 2040

On September 5, 2023, the Corporate Leaders Group Europe (CLG Europe) published a position paper urging the European Union to cut its greenhouse gas (GHG) emissions by at least 90% by 2040, and asked EU member states to...more

Cadwalader, Wickersham & Taft LLP

California Sues Big Oil for Denying, Downplaying Impact of Fossil Fuels on Climate Change

On September 16, 2023, California Attorney General Rob Bonta filed a lawsuit against five of the world’s largest oil and gas companies for allegedly denying or downplaying the harm caused by fossil fuels on climate change....more

Cadwalader, Wickersham & Taft LLP

UK Government to Publish Guidance on Public Sector Emissions Monitoring and Reporting

In August 2023, the UK government announced that it would publish guidance on emissions monitoring and reporting for public sector organizations in order to help achieve its aim to reduce direct greenhouse gas emissions from...more

A&O Shearman

Delivering Net Zero by 2050: the $200 trillion opportunity

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Until now, however, no comprehensive estimate existed of the of that opportunity, (or, to put it another way, the size of the financing gap between committed spending and the investment needed to deliver Net Zero by 2050...more

Cadwalader, Wickersham & Taft LLP

U.S. Lawmakers Urge DOJ to Investigate Oil and Gas Companies

On July 25, 2023, Representative Ted Lieu and 19 other Democratic lawmakers from the U.S. House of Representatives and Senate sent a letter to U.S. Attorney General Merrick Garland, requesting that the Department of Justice...more

Cadwalader, Wickersham & Taft LLP

UK Climate Change Committee’s 2023 Progress Report Urges Action to Meet Climate Targets

The UK Climate Change Committee (CCC) recently released its 2023 statutory report, evaluating the UK’s progress towards reducing greenhouse gas emissions and meeting carbon reduction targets. This report, mandated by the...more

Cadwalader, Wickersham & Taft LLP

Oregon County Sues Fossil Fuel Companies and Consulting Firm For Damages Related to 2021 ‘Heat Dome’

In a civil suit filed in Oregon state court in June 2023, an Oregon county is suing more than a dozen large oil, gas and coal companies, seeking more than $50 million in damages, in connection with a 2021 “heat dome” and...more

Cadwalader, Wickersham & Taft LLP

Swiss Citizens Vote in Favor of New Net Zero Law

On June 18, 2023 Swiss citizens voted in favor of a new climate law intended to promote carbon neutrality by 2050. The Federal Act on Climate Protection Targets, Innovation and Strengthening Energy Security, known as the...more

Jones Day

The Climate Report | Second Quarter 2023

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"Green Day" in the UK - As part of its "Powering Up Britain" strategy, the UK government has published a series of documents setting out its vision for the UK's transition to net zero and the strengthening of UK energy...more

Stinson LLP

Minnesota Passes Renewable Energy Policies Impacting Various Industries

Stinson LLP on

This week, the Minnesota Legislature passed and delivered to the governor for signature HF2310, an energy policy omnibus bill that provides $216 million for energy initiatives in the state. The legislation includes...more

Cadwalader, Wickersham & Taft LLP

Report Underscores Challenges of Attracting Capital for Renewable Energy Development in the ASEAN Region

In April 2023, the Centre for Climate Finance & Investment and the International Energy Agency issued a report identifying and addressing the investment gap in renewable and clean energy in the Association of Southeast Asian...more

Cadwalader, Wickersham & Taft LLP

EU Approves State Aid to Bolster Czech Sustainability Scheme

On April 21, 2023 the European Commission approved a €401 million scheme proposed by the Czech Republic to promote green district heating from renewable energy and waste heat. The scheme represents another environmentally...more

Gray Reed

Climate Litigation Update

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You might recall our posts on litigation by states, counties, and cities blaming a host of calamities, real and imagined, past and future, on Big Oil. The producers tried their best to remove the cases to federal court. In a...more

Cadwalader, Wickersham & Taft LLP

Increased Investor Pressure for More Ambitious Climate Pledges Ahead of AGMs

In early April, the climate activist shareholder group, Follow This, filed shareholder resolutions seeking stronger energy transition strategies from several oil “super-majors.” The resolutions have been filed in advance of...more

Farrell Fritz, P.C.

Green for Green: New York’s Climate Justice Working Group Identifies Qualified Disadvantaged Communities for Clean Energy and...

Farrell Fritz, P.C. on

The New York Climate Leadership and Community Protection Act (“CLCPA”) established ambitious targets to transform New York’s energy generation and efficiency. The CLCPA was signed into law in 2019 with goals to achieve 100%...more

White & Case LLP

A baseline-and-credit greenhouse gas emissions system for Australia: Reforms to the Safeguard Mechanism

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On 30 March 2023, the Australian Federal Parliament passed the Safeguard Mechanism (Crediting) Amendment Act 2023 (Cth) (Safeguard Act). The Safeguard Act, together with the Federal government's proposed reforms to the design...more

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