News & Analysis as of

Low Carbon Fuel Standard

Vinson & Elkins LLP

California’s Proposed Aviation Fuel Penalties May Change Aviation Economics and be a Boon for SAF Producers

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In a potentially significant development that may impact the economics of aviation, the California Air Resources Board (“CARB”) is proposing a policy, as we previewed in January 2024, to update the state’s Low Carbon Fuel...more

Holland & Knight LLP

State Low Carbon Fuel Standard Outlook

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In this episode of our "An Energized Exchange" podcast series by our Energy & Natural Resources Industry Sector Group, attorneys Andy Kriha and Susan Lafferty delve into state low carbon fuel standards, with a detailed look...more

A&O Shearman

How the European SAF mandate impacts market dynamics

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The aviation industry is facing a transformative challenge to step up its efforts to reduce carbon emissions. Increased use of Sustainable Aviation Fuel (SAF) plays a pivotal role in this efforts with its potential to reduce...more

Pillsbury Winthrop Shaw Pittman LLP

Revving Up: Eight States in Gear with Low-Carbon Fuel Standard Legislation

Eight states are currently considering legislation that would require reductions in the carbon intensity of transportation fuel sold in the state, which would substantially increase the demand for renewable fuel and...more

Vinson & Elkins LLP

New Mexico Enacts Low Carbon Fuel Standard

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Last week, the Governor of New Mexico signed House Bill 41 (“HB 41”) into law, establishing the Clean Fuel Standard (“CFS”), which, similar to programs in California, Oregon, and Washington, focuses on reducing the carbon...more

Husch Blackwell LLP

New Mexico Enacts Clean Fuel Standard

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In a vote that stretched into the evening, New Mexico’s legislature passed House Bill 41 by a 26-15 vote on February 13. The bill, which establishes a statewide program known as the “Clean Transportation Fuel Standards,”...more

Vinson & Elkins LLP

California Takes Next Step to Formally Impose Stricter Limits on RNG Projects Under the LCFS With Eventual Phaseout

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The California Air Resources Board (“CARB”) reviews the state’s Low Carbon Fuel Standard (“LCFS”) program every five years as part of the broader scoping plan required under the California Global Warming Solutions Act. On...more

Husch Blackwell LLP

CARB Proposes New Emissions Reduction Rule

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On December 19, 2023, the California Air Resources Board (“CARB”), which administers the California Low Carbon Fuel Standard (“LCFS”), released a rulemaking package (“Draft Rule”) describing proposed LCFS changes, including...more

Foley & Lardner LLP

IRS Releases Proposed Regulations for Section 45V Hydrogen Production Credit

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Last week, the Internal Revenue Service (“IRS”) and Department of the Treasury published proposed regulations (the “Proposed Regulations”) relating to the tax credit for production of clean hydrogen under Section 45V of the...more

Pillsbury Winthrop Shaw Pittman LLP

California Combats Greenwashing with New Voluntary Carbon Offset and Carbon-Neutral and Low-Carbon Product Disclosure Law

California’s unprecedented AB 1305 law purports to target “greenwashing” by mandating public disclosures about virtually any claim of “significant” carbon reductions, but its broad wording and uncertain effective date raise...more

Husch Blackwell LLP

A Growing Trend: Michigan Senate Introduces Clean Fuel Standard Legislation

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The Michigan Senate recently introduced legislation in an attempt to join several North American jurisdictions that have established clean fuel standards. The Michigan Clean Fuel Standard aims to reduce the average carbon...more

Husch Blackwell LLP

Buyer Beware: Environmental Attributes Diligence in Biofuel Company Acquisitions

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Like any acquisition, the purchase of a biofuels company should involve substantial due diligence so the buyer can best determine the value of the target’s assets and liabilities, assess the risks associated with its business...more

Sheppard Mullin Richter & Hampton LLP

California Air Resources Board Adopts 2022 Scoping Plan

In the closing weeks of 2022, the California Air Resources Board (“CARB” or “Board”) approved its final 2022 Scoping Plan, which sets forth a detailed roadmap to accelerate the reduction of greenhouse gas (“GHG”) emissions in...more

Vinson & Elkins LLP

New York’s Climate Action Plan

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In an ambitious step toward New York state’s climate goals, the New York State Climate Action Council approved a Scoping Plan on December 19, 2022, which sets forth a series of recommended policies and actions. The 445-page...more

Latham & Watkins LLP

CARB Adopts Final 2022 Scoping Plan

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The plan accelerates already ambitious climate goals for California and charts a course to carbon neutrality by 2045. On December 15, 2022, the California Air Resources Board (CARB) adopted its Final 2022 Scoping Plan...more

Eversheds Sutherland (US) LLP

Mitigating risks of greenwashing litigation

​​​​​​​On July 28, 2022, a group of environmental nonprofits filed a lawsuit in Washington D.C. Superior Court against a utility alleging that various marketing statements referring to natural gas as “clean,” “carbon...more

Foley Hoag LLP - Environmental Law

IRA Incentives for Carbon Sequestration and Low Carbon Fuels

On August 16, 2022, President Biden signed the Inflation Reduction Act, creating a law that contains the most significant climate-related incentives in U.S. history. In the few short weeks since the bill was introduced in the...more

Vinson & Elkins LLP

Power Play: The State of Electric Vehicle Charging Station Finance

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Global sales of electric vehicles (“EVs”) more than doubled in 2021 over 2020, from 3 million to 6.6 million, and sales were up 60% in the first quarter of 2022 over the same period in 2021.1 With this explosive growth in the...more

Latham & Watkins LLP

California Air Resources Board Releases Draft Scoping Plan Update (Part 3)

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CARB doubles down on LCFS Program and liquid transportation fuels. On May 10, 2022, the California Air Resources Board (CARB) released its Draft 2022 Scoping Plan Update (Draft Scoping Plan) for public review and...more

Latham & Watkins LLP

California Air Resources Board Releases Draft Scoping Plan Update

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The Draft 2022 Scoping Plan Update takes an all-of-the-above approach to decarbonize California. On May 10, 2022, the California Air Resources Board (CARB) released its Draft 2022 Scoping Plan Update for public review...more

Buchalter

CARB Releases Draft 2022 Scoping Plan Update

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After extensive collaboration with other state agencies and nearly a year’s worth of public workshops on scoping plan topics and modeling, the California Air Resources Board (CARB) released its Draft 2022 Scoping Plan Update...more

Wiley Rein LLP

Biden Administration Announces Significant New Initiatives to Support Clean U.S. Manufacturing

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On February 15, 2022, the Biden Administration announced significant new initiatives to advance cleaner manufacturing sectors in the United States. These actions will support U.S. climate goals, competitiveness in the...more

Latham & Watkins LLP

Regional US Transportation & Climate Initiative Program Comes to an End

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A multistate cap-and-invest program to reduce carbon emissions from the transportation sector is dead after several participating states pulled out. Less than one year ago, the governors of Massachusetts, Rhode Island,...more

Vinson & Elkins LLP

[Webinar] Development and Financing of Renewable Natural Gas Projects - October 13th, 12:00 pm - 1:00 pm CT

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Presenters will discuss renewable natural gas projects in general, development and financing considerations, transaction risks, and available tax and other credits related to renewable natural gas, including Renewable...more

Opportune LLP

Battle Of The Biofuels: Renewable Diesel Vs. Biodiesel

Opportune LLP on

Find out why knowing the difference between renewable diesel and biodiesel can go a long way in understanding the benefits of each....more

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