News & Analysis as of

Divestment Oil & Gas

Akin Gump Strauss Hauer & Feld LLP

OFAC Issues Venezuela Sanctions Relief Package Focused on Oil, Gas and Gold Sectors and Secondary Market Trading in Response to...

Key Points - On October 18, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) took action to relax certain U.S. sanctions on Venezuela in response to the signing of an electoral roadmap...more

Cadwalader, Wickersham & Taft LLP

State Legislative Developments: Oklahoma and West Virginia

On March 21, 2023 the Oklahoma House of Representatives passed House Bill 2547, which claims to be “designed to continue protections of state pension funds from strategies that would be harmful to the state’s energy...more

Mintz

Divestment from Fossil Fuel Companies Expands and Accelerates

Mintz on

Today, UBS Asset Management announced that it would divest from five energy companies, including ExxonMobil, because these companies are not adequately addressing climate change concerns. This action by a private sector...more

Mayer Brown

When the Going Gets Tough the Tough get Going: Brazil Oil & Gas Thrives Despite the Pandemic

Mayer Brown on

Annus horribilis. This is a moniker that oil and gas insiders might well apply to 2020 given the disastrous effects on the industry from Covid-19 pandemic (“Pandemic”) and its accompanying recession which brought a...more

White & Case LLP

Indonesian Presidential Elections

White & Case LLP on

The incumbent, Joko Widodo, declared victory in Indonesia's presidential elections over his challenger and former general Prabowo Subianto. The election commission said Mr. Widodo, widely known as Jokowi, won 55.5 percent of...more

Hogan Lovells

Amended divestment rules for foreign mining companies in Indonesia

Hogan Lovells on

Recent changes to the mining investment regime remind us that it is more important than ever to think ahead and carefully plan your mining divestment strategy. ...more

Mintz

FTC Requires Divestiture of Assets in Industrial Gas Suppliers’ $80 Billion Merger

Mintz on

On October 22, 2018, the FTC announced it had reached a settlement with industrial gas suppliers Praxair, Inc. and Linde AG (the “Parties”) arising out of their proposed merger. According to the FTC’s Complaint, issued by 4-1...more

Jones Day

Vietnam Directs Divestment of State-Owned Enterprises

Jones Day on

The Situation: Vietnam, like other developing countries, is challenged by the prominence of state-owned enterprises throughout its economy. The Development: The Vietnamese government has directed that state ownership in a...more

Littler

Employees, Political Advocacy and the NLRB – What Can an Employer Do?

Littler on

In the first few weeks of the Trump Presidency, there have been numerous marches, protests and other forms of political advocacy expressing views both in support of and in opposition to the President’s various appointments,...more

Downs Rachlin Martin PLLC

News from the Vermont State House - An analysis from DRM's Government & Public Affairs Team - February 2017

The Agency of Transportation has submitted a proposal to the House Transportation Committee that would allow the agency to seek damages from a utility that fails to move or adjust a utility line that is in a state or local...more

Allen Matkins

Insurance Commissioner Calls For Thermal Coal Divestment And Disclosure

Allen Matkins on

Late last month, California’s Insurance Commissioner announced that he had “asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal”. Thermal coal, also known...more

Locke Lord LLP

California Insurance Commissioner Asks Insurers to Exit Thermal Coal Investments

Locke Lord LLP on

On January 25 the California Insurance Commissioner issued a press release, and also sent email messages to insurers licensed in California, indicating that he is requesting all insurers doing business in California to...more

Allen Matkins

California Environmental Law & Policy Update - October 2015 #3

Allen Matkins on

Environmental and Policy Focus - CalPERS set to divest from thermal-coal companies: Los Angeles Times - Oct 18: The California Public Employees' Retirement System (CalPERS) Investment Committee will have a new task at...more

Allen Matkins

California’s New “Thermal Coal” Divestment Law Forces Fiduciary Duty Question

Allen Matkins on

Public pension funds exist to provide retirement benefits to public employees.  Cal. Const. Art. XVI, § 17(a).  In 1992, the voters of California tried to eliminate political interference with the state’s retirement funds by...more

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