News & Analysis as of

Climate Change

Currents - Energy Industry Insights - May 2018 #4

FERC Won't Consider Big Climate Change Effects in Pipeline Reviews - "FERC's three Republican commissioners issued the surprise ruling as part of an otherwise routine decision on a pipeline upgrade proposed by the utility...more

Has the Horse Already Left the Barn? FERC Tries to Limit Review of Climate Impacts

Last week, FERC rejected arguments that the Environmental Assessment for the New Market Project should have considered upstream and downstream climate impacts. It also announced as policy that it would not in the future...more

European Commission Releases First Proposals for Truck CO2 Standards; Truck Industry Reacts

by Foley & Lardner LLP on

On May 17, 2018, the European Commission released a legislative proposal for the first ever CO2 emissions standards for heavy duty vehicles in the European Union. The EU has no current limits on CO2 emissions from heavy duty...more

CARB’s Use of Little-Known Enforcement Tool Should be of Paramount Concern for LCFS Participants

by Beveridge & Diamond PC on

The Low Carbon Fuel Standard (“LCFS”) Regulation has been embroiled in controversy since its inception. Despite the California Air Resources Board’s (“CARB’s”) continuing difficulty following California Environmental Quality...more

Greenhouse Gas Emissions Targets: BC Re-establishes Targets

by Bennett Jones LLP on

On May 7, 2018, the Government of British Columbia introduced Bill 34 to amend the Greenhouse Gas Reduction Targets Act. The Bill re-establishes the province’s greenhouse-gas reduction targets, and broadens the regulatory...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

The long-standing unease between CBS and the Redstone family bubbled over into a “corporate declaration of war” yesterday, with CBS suing controlling shareholder Shari Redstone and her family’s holding company to prevent (or...more

Currents - Energy Industry Insights - May 2018 #2

Oil Soars After Trump Nixes Iran Nuclear Deal, Stocks Rally - "Crude oil prices rose more than 3 percent on Wednesday after U.S. President Donald Trump's decision to withdraw from a nuclear accord with Iran, a move that...more

Conflicting District Court Rulings Set up Climate Change Tort Issues for Resolution by the Ninth Circuit

by Beveridge & Diamond PC on

After two judges from the Northern District of California reached different conclusions in similar cases, The Ninth Circuit Court of Appeals will be next to determine whether climate-change-related tort actions may be...more

2018 Environmental Legislative Update No. 6

by Pullman & Comley, LLC on

Welcome to our Environmental Legislative Updates. Throughout Connecticut’s legislative session, these updates highlight developments concerning environmental law and policy. The author prepares updates as Legislative...more

The CPUC Effort to Define Climate Adaptation Is Ambitious Even for the CPUC

by Davis Wright Tremaine LLP on

On May 7, 2019, the California Public Utilities Commission issued an Order Instituting Rulemaking to consider strategies and guidance for climate change adaption. The broad scope of this rulemaking is intended to ensure that...more

California Environmental Law & Policy Update - May 2018

by Allen Matkins on

Focus - EPA Region 9 Administrator position reportedly to be filled by lawyer - THE HILL - Apr 30 Michael Stoker, a former Republican Santa Barbara County supervisor and agriculture attorney, will soon be appointed...more

At The Well Weekly – Oil And Gas Update for Week Ending 5/4/2018 – PA Superior Court Issues Controversial Decision On The Rule Of...

by Cozen O'Connor on

After a few months off, we are back at the well for weekly updates. The rig count surpassed 1000 units nationwide (for the first time in a long time) alongside a rise in oil prices (hovering around $70/bbl), but natural gas...more

Currents - Energy Industry Insights - May 2018

In Cities v. Fossil Fuels, Exxon's Allies Want the Accusers Investigated - "Now two industry-friendly groups are turning the tables and asking the SEC to investigate the cities and counties for possible fraud." Why this...more

Latin American Environmental Regulatory Tracker - May 2018

by Beveridge & Diamond PC on

ARGENTINA - AGRICULTURE - Chamber of Deputies Bill No. 1344-D-2018, Establishing minimum environmental protection measures for the traceability of agrochemicals. CLIMATE CHANGE - Senate Bill No. 410/18, Promoting...more

European Supervisory Authorities Make Recommendations to Address Risks in EU Securities, Banking and Insurance Sectors

by Shearman & Sterling LLP on

The Joint Committee of the European Supervisory Authorities has published a report on risks and vulnerabilities in the EU financial system. The ESAs are the European Securities and Markets Authority, the European Banking...more

May 2018 Washington Update

House Hearing on DOE Budget - On April 12, the House Energy and Commerce Subcommittee on Energy held a hearing on “The Fiscal Year 2019 Department of Energy Budget” with testimony from Secretary of Energy Rick Perry. The...more

California Air and Climate, Vol. 1: Bay Area Methane; CARB Bans Refrigerants, Implements Community Air Protection and Approves...

by Downey Brand LLP on

BAAQMD Developing Rules to Regulate Methane Emission - The Bay Area Air Quality Management District (“BAAQMD”), as part of its Methane Strategy, is pursuing rules to address methane emissions from several source...more

Currents - Energy Industry Insights - April 2018 #4

EPA Announces a New Rule. One Likely Effect: Less Science in Policymaking - "The Environmental Protection Agency announced a new regulation that would restrict the kinds of scientific studies the agency can use when it...more

Capturing Carbon — Tax Credits: A Reinvigorated Climate Opportunity for Developers and Investors

by Morrison & Foerster LLP on

The powerful momentum behind clean energy promises real progress in the fight against global climate change. Mounting scientific evidence urges, however, that to win: We cannot just reduce the carbon-intensity of the energy...more

Benesch Energy Market Intelligence 2018: Energy Quarterly Report – Q1

by Benesch on

Coal - Rio exits coal industry in $4B worth of deals - Rio Tinto Group has agreed to several deals worth over $4 billion to sell all of its remaining coal assets, with a $1.7 billion cash sale of coal assets to...more

Preparing for a Retail Storm

by Goulston & Storrs PC on

Demand for products has always been driven by fairly predictable seasonal weather, both in brick-and-mortar stores and online. It seems obvious that colder weather boosts the sales of things like boots and snow removal...more

When Is a Loan “Green”?

by Bennett Jones LLP on

New international guidelines on environmental sustainability adopted from green bonds allow lenders and borrowers to designate “green loans" - More than US $150 billion in “green bonds”—bonds that fund projects that...more

Colorado Energy Companies Sued for Climate Change Impacts

by Holland & Hart LLP on

Last week, Boulder made good on its threat to file a lawsuit seeking potentially billions of dollars from energy producers based on the effects of climate change. The city and county of Boulder, along with San Miguel...more

California Environmental Law & Policy Update - April 2018 #3

by Allen Matkins on

Focus - Climate lawsuits, once limited to the coasts, jump inland - THE NEW YORK TIMES - Apr 18 Until recently, communities suing fossil fuel companies over the costs of climate change have been located on the coasts:...more

Massachusetts Supreme Judicial Court: Attorney General’s Exxon Investigation Can Proceed

On April 13, 2018, Massachusetts’ highest court ended a significant chapter in Exxon’s long-running dispute with Attorney General Maura Healey. In 2015, Healey issued a Civil Investigative Demand regarding Exxon’s knowledge...more

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