future-focused
Last week, the U.S. Department of the Interior released its proposed Outer Continental Shelf (OCS) five-year program for offshore oil and gas leasing. The Outer Continental Shelf Lands Act (OCSLA) requires the Secretary of the Department of the Interior to “prepare and periodically revise and maintain an oil and gas leasing program” (i.e., a five-year… Continue Reading
On June 23, 2022, the Bureau of Ocean Energy Management (BOEM) published a draft guidance on mitigating potential impacts of offshore wind development on commercial and recreational fishing. The final guidance document will set forth required information that lessees must submit to BOEM at each stage of a wind project, i.e., Site Assessment Plan (SAP),… Continue Reading
The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and… Continue Reading
The post-pandemic era has brought about some of the largest jury verdicts seen to date. This post-pandemic verdict inflation is of concern to many different industries, including the energy industry. This recent trend could be the result of many different factors, such as social media, the COVID-19 pandemic, a generational shift as millennials take over… Continue Reading
The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and… Continue Reading
The Securities and Exchange Commission proposed – by a 3-1 vote – a comprehensive new set of rules (the “proposals”) in an effort to enhance and standardize the climate-related disclosures provided by public companies.[1] According to SEC Chair Gary Gensler, the proposals come in the wake of increasing investor demand for more information about climate… Continue Reading
The Securities and Exchange Commission proposed – by a 3-1 vote – a comprehensive new set of rules (the “proposals”) in an effort to enhance and standardize the climate-related disclosures provided by public companies.[1] According to SEC Chair Gary Gensler, the proposals come in the wake of increasing investor demand for more information about climate… Continue Reading
Yesterday the U.S. Customs and Border Protection (“CBP”) published a new ruling on Jones Act compliance in the installation of offshore wind turbines. While the ruling addresses and confirms several established compliance points in the rapidly developing U.S. wind market, CBP introduced a new wrinkle that will aid U.S. vessel owners. First, the new development. … Continue Reading
Recent developments in the challenge to an executive order from the Biden Administration in Louisiana v. Biden suggest that the “major questions” doctrine may begin to play a large role in the future of environmental law and regulations. While the existence of this doctrine is nothing new, its relevance in the realm of environmental law… Continue Reading