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Foley Hoag LLP

Treasury Finalizes Rules for Clean Hydrogen Production Tax Credit (Section 45V)

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Over a year since Treasury released proposed rules—after thousands of public comments and various hearings, think pieces, whitepapers, Op-Eds, and, yes, even TV commercials—on January 3, 2025, Treasury finalized rules for...more

Polsinelli

AFIDA Penalties Are Coming: Costs for Renewable Development May Be More Than You Think

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When evaluating the all-in costs of a renewable development project, it is critical that costs associated with Agricultural Foreign Investment Disclosure Act (AFIDA) enforcement and compliance are considered. Since its...more

Mayer Brown

IRS Releases Final Energy Property Regulations Under Section 48 Investment Tax Credit

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On December 4, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations, TD 10015, (the “Final Regulations”), which provide guidance on the definition of energy...more

Foley Hoag LLP - Environmental Law

New York’s Climate Superfund Act Forces Polluters to Fund State Climate Adaptation Projects

With the incoming Trump administration poised for an attack on federal environmental regulations, states are quickly emerging with actions on climate change. On December 26, 2024, New York Governor Kathy Hochul signed into...more

Sheppard Mullin Richter & Hampton LLP

NYSERDA Issues Request for Information in Preparation for Sixth OREC Solicitation with Transmission Issues in the Forefront

As New York’s fifth Offshore Wind Renewable Energy Certificate (OREC) solicitation enters its final stages, the New York State Energy Research and Development Authority (“NYSERDA”) issued a Request for Information (“RFI”) on...more

DLA Piper

Industrials Regulatory News and Trends - January 2025

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China imposes export control measures on dozens of US manufacturers. On January 2, China announced new export control measures targeting 28 US companies and added 10 US companies to a list of entities barred from doing...more

Holland & Knight LLP

Proposed Regulations Provide Clarity on Tax Treatment of Entities Wholly Owned by Tribal Governments

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The U.S. Department of the Treasury and IRS issued the Proposed Regulations on Oct. 9, 2024, providing long-awaited guidance on entities wholly owned by Tribal governments and organized or incorporated exclusively under the...more

Holland & Knight LLP

Key Highlights of the Section 48 ITC Final Regulations

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The U.S. Department of the Treasury and IRS on Dec. 12, 2024, issued Final Regulations regarding the investment tax credit (ITC) for Section 48 of the Internal Revenue Code, including the ITC for energy generation, energy...more

Allen Matkins

California Environmental Law & Policy Update 1.10.25

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The White House announced on Monday that President Joe Biden would ban new offshore oil and gas drilling along most of the U.S. coastline. The order will protect 625 million acres of ocean along America’s Atlantic and Pacific...more

Morgan Lewis

Trump’s $20B Data Center Investment Announcement Underscores the Race for Data Center Capacity

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Ahead of his inauguration at the end of January, President-elect Donald Trump announced that Damac Properties, controlled by Emirati billionaire Hussain Sajwani, will make at least a $20 billion investment to build data...more

Hogan Lovells

Energy Buzz: Clean Power 2030

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The UK government has set out an “action plan” for reaching its target of clean power by 2030, outlining how the government hopes to deliver on its one of its key manifesto "missions" to deliver zero-carbon electricity for...more

Bennett Jones LLP

Momentum Shift: Canada’s M&A Landscape in 2025

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A variety of factors are expected to significantly increase Canadian M&A activity in 2025. These include the likelihood of a more merger friendly regulatory environment in the United States for cross-border transactions,...more

Vinson & Elkins LLP

Endangered Species Regulation Under the New Administration

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The incoming Trump Administration is expected to prioritize the rollback of Biden-era endangered species regulations, aiming to reduce the regulatory burden on land-intensive businesses and enhance energy independence. This...more

Jones Day

New York Enacts Climate Change Law That Fines Companies for Historical Emissions

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On December 26, 2024, New York enacted a law requiring certain energy companies to contribute cumulatively $75 billion to a climate "superfund" over the next 25 years....more

Shipman & Goodwin LLP

Navigating Policy Shifts: Legislative Insights for Manufacturers - A CBIA Manufacturing Spotlight Article

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As Connecticut embarks on a transformative year for policy and industry, Shipman & Goodwin Manufacturing Practice leader Alfredo Fernández sat down with CBIA’s Pete Myers to discuss the legislative landscape and its...more

Baker Botts L.L.P.

Meeting Data Centers' Energy Needs Will Take a Multifaceted Approach

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Given the rise of AI and other data-hungry technology applications, the future of the digital economy may hinge on companies being able to purchase or generate enough power to keep the lights on at their data centers. This...more

Allen Matkins

Renewable Energy Update 1.9.25

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According to a new study published in the journal Renewable Energy, no blackouts occurred when wind, water, and solar electricity supply exceeded 100% of demand on California’s main grid for a record 98 of 116 days from late...more

Cozen O'Connor

Housing Energy Efficiency Standards Face GOP Challenge

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A coalition of 15 Republican AGs, joined by the National Association of Home Builders, has filed a lawsuit challenging new minimum energy standards for federally funded housing issued by the Department of Housing and Urban...more

Flaster Greenberg PC

Southern Tier Residents Fight Back As New York Bans CO2 Fracking

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New York Governor Kathy Hochul recently doubled down on the Empire State’s refusal to allow fracking by signing a bill that would ban the technique outright using carbon dioxide instead of water. The ban extends the...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Storage Tank Enforcement: Tennessee Department of Environment and Conservation Proposed Order Addressing Williamson County...

The Tennessee Department of Environment and Conservation (“TDEC”) issued a Proposed Order and Assessment (“Order”) for alleged violations of the Tennessee Petroleum Underground Storage Tank Act and relevant rules. See Case...more

Snell & Wilmer

FTC Imposes Rarely Seen “Gun-Jumping” Penalty to the Tune of $5.6 Million

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The Federal Trade Commission (FTC) rang in the new year this week by announcing that three crude oil producers had agreed to pay a $5.6 million fine to settle claims that they engaged in unlawful “gun-jumping” by prematurely...more

King & Spalding

Record “Gun Jumping” Penalty Imposed by FTC

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Oil companies ordered to pay $5.6 million for exerting beneficial control before the expiration of the mandatory HSR waiting period. On January 7, 2025, the Federal Trade Commission (“FTC”) filed and resolved a merger...more

Proskauer - Regulatory & Compliance

EU Taxonomy developments: EU Platform on Sustainable Finance call for feedback on draft report on new activities and updated...

On 8 January 2025, the EU Platform on Sustainable Finance (PSF) published a draft report and launched a call for feedback on proposed updates to the EU taxonomy. This includes revisions to the Climate Delegated Act and new...more

King & Spalding

Texas, Utah and Small Modular Reactor ("SMR") Developer Launch Lawsuit Alleging "Unlawful" Regulatory Regime

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Complaint filed United States District Court, Eastern District of Texas (Case No. 6:24-cv-00507) - KEY TAKEAWAYS - The States of Texas and Utah, together with private developer Last Energy, have sued to exempt certain...more

Mayer Brown

MME Publica Portaria com as Diretrizes Para o LRCAP 2025

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O Ministério de Minas e Energia (MME) publicou as Portarias Normativas nº 96, de 31 de dezembro de 2024, e nº 97, de 3 de janeiro de 2025, que estabelecem as diretrizes para a realização do Leilão de Reserva de Capacidade na...more

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