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Faegre Drinker Biddle & Reath LLP

FTC Announces Record $5.6 Million Gun-Jumping Fine and Reminds Parties of Perils of Prematurely Transferring Beneficial Ownership...

On January 7, 2025, the Federal Trade Commission (FTC) announced a proposed settlement for crude oil producers XCL Resource Holdings, LLC; Verdun Oil Company; and EP Energy LLC to pay a record-breaking $5.6 million civil...more

Vinson & Elkins LLP

Biden Issues Executive Order to Bolster AI Infrastructure in the U.S.

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On January 14, 2025, President Joe Biden issued an executive order aimed at advancing U.S. leadership in AI infrastructure (the “Order”). This directive seeks to address the growing strategic importance of artificial...more

A&O Shearman

EU platform on sustainable finance draft report and call for feedback on activities and technical screening criteria to be updated...

A&O Shearman on

The EU Platform on Sustainable Finance has published a draft report on activities and technical screening criteria to be updated or included in the EU taxonomy, with a related call for feedback. The draft report, prepared by...more

McDermott Will & Emery

Four Factors to Consider After the Building Electromobility Infrastructure Act (GEIG) Comes into Effect

McDermott Will & Emery on

As of January 1, 2025, the Building Electromobility Infrastructure Act (GEIG) has come into effect, bringing significant changes for property owners. Dr. Ulrich Flege summarizes the key points of the law below: Obligation...more

A&O Shearman

FTC secures record USD5.68 million gun-jumping penalty

A&O Shearman on

On January 7, 2025, the U.S. Federal Trade Commission announced a record USD5.68m civil penalty to settle alleged pre-merger coordination in violation of the HSR Act. This settlement is the largest dollar penalty that has...more

Baker Botts L.L.P.

President Biden Issues Executive Order on Advancing United States Leadership in Artificial Intelligence Infrastructure

Baker Botts L.L.P. on

On January 14, 2025, President Biden issued an Executive Order (EO) on Advancing United States Leadership in Artificial Intelligence Infrastructure. The EO, among other things, directs the Secretary of Defense and the...more

Vinson & Elkins LLP

FERC Settles Decade-Old Enforcement Allegations

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In 2016, a new play called Hamilton was dominating Broadway, Pokémon Go was all the rage, and the Summer Olympics were held in Rio. Also that year, the Federal Energy Regulatory Commission (“Commission” or “FERC”) issued an...more

Houston Harbaugh, P.C.

Pennsylvania Superior Court Reaffirms the Dunham Rule

Houston Harbaugh, P.C. on

Let’s assume you inherited a 150 acre farm in Lycoming County that has been owned by your family since 1909. In 2020, you are approached by ABC Drilling about a new oil and gas lease for the farm. You retain counsel and...more

Foley Hoag LLP - Energy & Climate Counsel

2024 Clean Energy Act Promotes Energy Storage Deployment Across Massachusetts

On November 21, 2024, Massachusetts Governor Maura Healy signed into law sweeping clean energy legislation (St. 2024 c. 239, An Act Promoting a Clean Energy Grid, Advancing Equity and Protecting Ratepayers, referred to here...more

Cozen O'Connor

Cozen Currents: Shock and Awe

Cozen O'Connor on

“While Republicans have taken unified control of the federal government, President-elect Donald Trump is going to lean heavily on an expansive use of executive power from his first day back in the Oval Office as he has...more

White & Case LLP

Mining & metals 2025: Poised on the chessboard of geopolitics

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Geopolitics, which dominated mining & metals sentiment in 2024, promises to further fragment markets in 2025. To understand the market landscape, White & Case conducted its ninth annual survey of industry participants....more

Bracewell LLP

Composition of the Federal Energy Regulatory Commission under the New Administration

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With President-elect Trump poised to take office, some in the energy sector are considering what this means for the composition of the Federal Energy Regulatory Commission (FERC)....more

Bracewell LLP

CSB’s New Transparency Initiative

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On January 14, 2025, the U.S. Chemical Safety and Hazardous Investigation Board (“CSB”) released Volume One of a series of detailed reports on serious accidental chemical incidents reported to CSB under the Accidental Release...more

Foley Hoag LLP - Environmental Law

More on Climate Superfund Laws and Litigation

Last week, we posted about New York State’s enactment of the Climate Change Superfund Act. We promised to continue to monitor developments concerning climate superfund legislation and to update readers as necessary. It’s been...more

Eversheds Sutherland (US) LLP

Biden Administration imposes sweeping sanctions against the Russian Energy Sector days ahead of the Trump Transition

On January 10, 2025, the Biden Administration issued a broad sanctions package targeting the Russian energy sector, 10 days in advance of the transition to the incoming Trump Administration. The new sanctions also added two...more

White & Case LLP

Final Regulations for Clean Hydrogen: Making Tax Credits More Accessible

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On January 3, 2025, the U.S. Internal Revenue Service ("IRS") and U.S. Department of the Treasury ("Treasury") issued final regulations for the clean hydrogen production tax credit ("PTC") under § 45V of the Internal Revenue...more

Jones Day

Final Clean Electricity Production and Investment Tax Credit Regulations Provide Taxpayers With Welcomed Guidance

Jones Day on

The Department of Treasury and the Internal Revenue Service released final regulations regarding the Section 45Y clean electricity production and Section 48E clean electricity investment tax credits....more

Holland & Knight LLP

Understanding President Joe Biden's Offshore Drilling Restrictions

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In his final days in office, President Joe Biden has exercised his executive authority to withdraw more than 625 million acres of federal waters from future oil and gas leasing – the largest withdrawal of its kind in U.S....more

Paul Hastings LLP

Treasury and IRS Finalize Clean Hydrogen Production Credit Regulations

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The Inflation Reduction Act of 2022 added the Section 45V production tax credit for the production of clean hydrogen (Section 45V) to the Internal Revenue Code of 1986, as amended. Section 45V provides a credit against...more

Ropes & Gray LLP

Russia/Ukraine Crisis: U.S. Targets Russia’s Energy Industry

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On January 10, 2025, the United States announced (another) major sanctions package targeting Russia, potentially representing the Biden administration’s last and best effort to strengthen Ukraine’s negotiating position in...more

Baker Botts L.L.P.

China’s Potential Space Solar Breakthrough

Baker Botts L.L.P. on

he future’s coming faster than we thought—let’s embrace it. China is pioneering a space-based solar power project, hailed as the “Manhattan Project” of clean energy. Imagine a 1km-wide solar array orbiting 36,000 km above...more

Baker Botts L.L.P.

P2N0 - 2024 Year-End Edition - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to the twenty-second edition of P2N0 providing our take on the key news and themes arising during 2024. On January 19, 2025, the twenty-third edition of P2N0 will be published, covering key news items arising during...more

King & Spalding

Treasury and IRS Issue Final Regulations Implementing Section 45V Clean Hydrogen Production Tax Credit

King & Spalding on

On January 3, 2025, the IRS and Treasury issued long-awaited final regulations (the “45V Final Regulations”) implementing the clean hydrogen production tax credit (the “45V Credit”) under Section 45V of the Internal Revenue...more

Holland & Hart LLP

Two Pivotal Montana Supreme Court Decisions Impact Industry

Holland & Hart LLP on

On Friday, January 3, 2025, the Montana Supreme Court issued a decision in MEIC v. DEQ (Laurel Generating Station), its second major decision on the Montana Environmental Policy Act (MEPA) in the last few weeks that affects...more

Brownstein Hyatt Farber Schreck

What to Expect From the 2025 Wyoming Legislative Session

Wyoming’s 67th Legislative Session begins on Jan. 14. The Wyoming Legislature alternates between a 40-day General Session in odd-numbered years and a 20-day Budget Session in even-numbered years. The bodies will hold opening...more

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