Environmental Credit Trading: Pennsylvania Passes ‘Carbon Capture and Sequestration Act’
On July 17, 2024, Pennsylvania Governor Josh Shapiro signed into law S.B. 831 (Act 87), titled the “Carbon Capture and Sequestration Act.” The law vests “ownership of all pore space in all strata below the surface lands and waters of th[e] Commonwealth . .
Intervention and the Environmental Rights Amendment
Last month, the Pennsylvania Supreme Court held that environmental groups could intervene in litigation to use the Environmental Rights Amendment of the Pennsylvania Constitution to support a regulation even though the Department of Environmental Protection had declined to make that argument. See Shirley v. Pennsylvania Legislation Reference Bureau, No. 85 MAP 2022 (Pa. July
Governor Newsom Proposes Delay of California Climate Disclosure Laws
On July 15, 2024, Governor Gavin Newsom proposed amendments that would, among other things, delay initial reporting deadlines for two of California’s recently enacted climate-related disclosure laws by two years.
Governor Newsom signed the two bills, Climate Corporate Data Accountability Act (California Senate Bill 253 (SB-253)), relating to greenhouse gas (GHG) emissions disclosures, and the
The ESMA sets out its long-term vision on the functioning of the Sustainable Finance Framework
On 24 July 2024, the European Securities and Markets Authority (“ESMA“) published an opinion on the sustainable finance regulatory framework (the “ESMA Opinion“), which outlines the ESMA’s long-term vision for the functioning of the EU’s sustainable finance framework (the “Framework“). The ESMA Opinion builds on the findings of the
EPA Reconsiders New Risk Management Program Regulations, but Regulations Remain in Effect
Stoel Rives Summer Associate Maya Ward co-authored this post.
The D.C. Circuit Court of Appeals placed the challenges to the U.S. Environmental Protection Agency’s (“EPA”) risk management regulation on hold for 120 days while the EPA reconsiders the concerns raised by challengers. Order, Oklahoma v. EPA, No. 24-1125 (D.C. Cir. July 30, 2024). The underlying
New York to Miss 2030 Renewable Energy Target Despite Making Substantial Progress Following Adoption of Its Climate Law
New York’s Climate law, the Climate Leadership & Community Protection Act (CLCPA), set a bold target to achieve 70% of its electric generation capacity from renewable sources by 2030. That same law requires the state to issue biennial reports on its progress of reaching the statute’s goals. Issued July 2024, the Draft Clean Energy Standard
Understanding the New Ecodesign for Sustainable Products Regulation
The ESPR aims to make sustainable products the norm in the EU, replacing the current Ecodesign Directive and introducing broader measures for sustainability.
By Paul A. Davies, Cesare Milani, José María Alonso, Michael D. Green, James Bee, and Telmo Iriondo
On 18 July 2024, the Ecodesign for Sustainable Products Regulation
Shale Law Weekly Review—Week of August 5, 2024
National Energy Policy: Circuit Court Upholds EPA Regulation of Biogas Producers
On July 19, 2024, the U.S. Court of Appeals for the District of Columbia upheld EPA regulations on biogas producers after challenges from the Coalition for Renewable Energy. Coal. for Renewable Nat. Gas v. EPA, No. 23-1248, 2024 BL 246802 (D.C. Cir. July
Electric Vehicles Weigh Too Much for Older Garages
The Paradox of Banning Electric Vehicles in Older Garages: Legislative Intent vs. Structural Reality
Aug. 6 WEBINAR | Renewables and IRA Mid-Year Check – Tax Credit Transfers, Tax Equity, M&A and Finance Markets
Jeffrey Chester, global co-chair of Greenberg Traurig’s Energy Project Finance & Development Practice, is co-hosting a webinar with Marathon Capital and Crux Aug. 6, 2024, at 1 p.m. ET. The event will feature an insightful mid-year discussion on the state of the renewable energy market, trends, and what to expect for the rest of