The Biden administration has prioritized environmental, social, and governance (ESG) risks to capital markets, particularly climate-related financial risks (discussed in our previous alert, Biden Administration ESG Activity...more
3/25/2022
/ Biden Administration ,
Climate Change ,
Comment Period ,
Corporate Governance ,
Disclosure Requirements ,
Greenhouse Gas Emissions ,
Proposed Rules ,
Regulation S-K ,
Regulation S-X ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
Environmental, social, and governance (ESG) and the sustainable economy are concepts that often overlap and frequently intertwine. Whether viewed separately or together, they have significantly changed global investing and...more
INTRODUCTION - In her keynote remarks at COP26 during the Finance Day Opening Event, Treasury Secretary Janet Yellen discussed the Financial Stability Council’s (FSOC) historic Report on Climate-related Financial Risk...more
On 15 November 2021, Representative Nancy Mace (R-SC) introduced a comprehensive cannabis reform bill: the “States Reform Act” (SRA). As discussed in further detail below, the SRA would deschedule cannabis from the Controlled...more
There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in renewable energy and clean transport industries, and how these developments can...more
Second-Life Energy Storage Projects Repurposing Electric Vehicle Batteries Deployed in Norway - On 22 September 2021, Nuvation Energy and ECO STOR AS announced the deployment of three second-life energy storage systems in...more
Siemens Announces New U.S. Electric Vehicle Charging Equipment Manufacturing Facility - On 24 August 2021, Siemens Corporation announced a commitment to develop a new manufacturing facility in the United States to produce...more
“Offshore Wind American Manufacturing Act of 2021” - Introduced in the U.S. Senate On 11 August 2021, Senators Ed Markey (D-MA), Elizabeth Warren (D-MA), Cory Booker (D-NJ), and Robert Menendez (D-NJ) introduced the “Offshore...more
Form Energy Announces Development of Iron-Air Long-Duration Commercial Battery Product On 22 July 2021, Form Energy, Inc. (Form Energy) announced its first commercialized battery product will use iron-air technology and will...more
APEX CLEAN ENERGY AND PLUG POWER ENTER PPA TO POWER LARGEST WIND-SUPPLIED GREEN HYDROGEN PLANT IN THE NATION - On 14 July 2021, Apex Clean Energy Inc. (“Apex”) and Plug Power Inc. (“Plug Power”) announced a power purchase...more
Background - On 10 June 2021, the Basel Committee on Banking Supervision published a preliminary proposed framework for the prudential treatment of cryptoasset exposures based on classification cryptoassets (the Proposal).1...more
NJPUC Approves United States’ Largest Offshore Wind Energy Procurement - On 30 June 2021, the New Jersey Board of Public Utilities (NJPUC) approved two offshore wind projects with a planned capacity exceeding 2.6 GW,...more
Environmental, social, and governance (ESG) and the sustainable economy are concepts that often overlap and frequently intertwine. Whether viewed separately or together, they have significantly changed global investing and...more
Connecticut Passes Legislation Targeting 1 GW Energy Storage by 2030 - Connecticut has enacted new energy storage legislation: S.B. 952, “An Act Concerning Energy Storage” (Act). The Act establishes a target of 1 GW energy...more
DOE LAUNCHES CLEAN HYDROGEN INITIATIVE - On 7 June 2021, U.S. Secretary of Energy Jennifer M. Granholm launched the U.S. Department of Energy’s (DOE) Energy Earthshot Initiative, making an “all-hands-on-deck call for...more
On 20 May 2021, President Biden announced an Executive Order to help “tackle the climate emergency,” a top priority for his Administration.1 The Executive Order builds upon the Securities and Exchange Commission’s (SEC or...more
Twinning Nuclear Reactors with Machine Learning - A multidisciplinary team from the Idaho and Argonne National Laboratories, Kairos Power, and Curtiss-Wright, along with support from academics, have developed digital twin...more
The Securities and Exchange Commission (SEC or the Commission) has announced a series of initiatives reorienting the Commission’s agenda to focus on environmental, social, and governance (ESG) issues. In particular, the...more
HYDROSTOR RECEIVES FUNDING FOR UTILITY-SCALE A-CAES FACILITY - On 15 April, Hydrostor announced receipt of nearly US$4 million in funding from Natural Resources Canada’s Energy Innovation Program and Sustainable Development...more
In this episode Judith Rinearson interviews Mary Baker and Daniel Cohen about the major changes in the U.S. beyond COVID-19 since the election, focusing on the establishment of the new U.S. administration and the initiatives...more
5/13/2021
/ Banking Sector ,
Biden Administration ,
Carbon Capture and Sequestration ,
Cryptocurrency ,
FinTech ,
Information Technology ,
IRS ,
Legislative Agendas ,
Payment Systems ,
Popular ,
Tax Credits
NJ BPU Issues Proposal to Replace Solar Incentive Program - On 7 April 2021, the New Jersey Board of Public Utilities released a straw proposal outlining details of the state’s solar incentive successor program. New Jersey’s...more
On 19 April 2021, the House of Representatives passed the “Secure and Fair Enforcement (SAFE) Banking Act of 2021”1 by a vote of 321-101. The bill was approved on a significantly bipartisan basis as 106 Republicans...more
Industry Stakeholders Announce Formation of Clean Hydrogen Future Coalition - On 22 March 2021, a diverse group of energy industry stakeholders announced the formation of the Clean Hydrogen Future Coalition (CHFC). Comprised...more
Introduction - In September 2019, the U.S. House of Representatives passed the “Secure and Fair Enforcement (SAFE) Banking Act of 2019”, the first stand-alone cannabis legislation to be approved by the House of...more
First there were CryptoKitties. Then came digital art, CryptoPunks and NBA Top Shot. But when Beeple’s digital art piece “Everydays: The First 5000 Days” sold at Christie’s for US$69 million, the NFT mania truly began. And as...more