On May 28 2024, the Biden administration released the “Voluntary Carbon Markets Joint Policy Statement and Principles”.
The Joint Statement makes a number of important and supportive points in favor of the VCM, noting that:
NEW Publication: HPAI in Dairy Cattle: Is Pasteurization Dairy’s Only Reliable Protection?, Southern Ag Today—Brook Duer, Center Staff Attorney
Related Webinar: July 17, 2024, “HPAI in Poultry and Cattle: How Can We Miss You if You Won’t Go Away?,” Staff Attorney Brook Duer Presents with the National Agricultural Law Center.
Water Quality: Supreme Court
LNG Infrastructure: FERC Approves Pre-Filing Environmental Review Process for Gulfstream LNG’s Louisiana Project
On May 16, 2024, the Federal Energy Regulatory Commission (FERC) approved Gulfstream LNG Development, LLC’s (Gulfstream) request for the use of FERC’s pre-filing environmental review process. The new Gulfstream LNG Terminal Project will be in Plaquemines Parish, Louisiana (docket number PF24-5
On April 24, 2024, the Loan Market Association (LMA) published its Sustainability Coordinator Letter. The publication of the LMA’s letter follows the LSTA’s February 2023 publication of its own Sustainability Structuring Agent Engagement Agreement Inserts. This Legal Update contains a comparative analysis of the LMA and LSTA’s documents, notes key similarities and differences between the
By Adam R. Young, Daniel R. Birnbaum, and Craig B. Simonsen
Seyfarth Synopsis: The Occupational Safety and Health Administration’s (“OSHA”) Hazard Communications (“HazCom”) Standard was the most frequently cited general industry standard in the past fiscal year. OSHA recently announced a final rule that will update the current HazCom Standard to require new
New Principles for High Integrity Voluntary Carbon Offset Markets
On May 13, the Federal Energy Regulatory Commission (FERC or Commission) issued Order No. 1920, the Commission’s long-awaited final rule regarding regional electric transmission planning and cost allocation for future transmission projects on the nation’s interstate electric grid. Order No. 1920 revises key aspects of the Commission’s current regional transmission planning and cost allocation policies, largely adopted in 2011 in Order No. 1000, in an effort to help accelerate the buildout of transmission infrastructure needed to serve the country’s changing resource mix and growing energy demand projections.
The major reforms adopted by FERC in Order No. 1920 center around four key areas: (A) planning horizon; (B) developing planning scenarios; (C) selection of transmission solutions and (D) cost allocation, each discussed in more detail below. At a high level, the rule requires transmission providers to engage in long-term regional transmission planning at least 20 years in advance, use at least seven enumerated benefits for the evaluation and selection of long-term regional transmission facilities, and hold a six-month engagement period for relevant state entities before filing a cost allocation method for a chosen project with FERC. Yet, while the Commission’s overarching goal of Order No. 1920 appears to be the selection of efficient long-term regional transmission solutions by transmission providers, the rule makes no mention of National Interest Electric Transmission Corridors (National Interest Corridors), geographic areas designated by the Department of Energy (DOE) where transmission congestion or constraints have an adverse effect on consumers, and where, in certain circumstances, FERC has siting authority for transmission facilities under the Federal Power Act (FPA).
On May 28, the U.S. Secretaries of Treasury, Agriculture, and Energy, along with senior White House climate officials, issued the Voluntary Carbon Markets Joint Policy Statement and Principles (Policy Statement). The Policy Statement provides observations regarding the current state of voluntary carbon markets, followed by a set of guiding principles for responsible market participation. A White House Fact Sheet describes the Policy Statement as representing the U.S. government’s commitment to advancing the responsible development of voluntary carbon markets, “with clear incentives and guardrails.” Notably, the Fact Sheet states that, with such incentives and guardrails, voluntary carbon markets can drive significant progress toward the Administration’s goals of reaching global net-zero greenhouse gas (GHG) emissions by 2050 and limiting warming to 1.5 °C.
On May 23, 2024, the Supreme Court of Illinois rendered a judgment in Rice v. Marathon Petroleum Corp., which involved important considerations for both environmental law and personal injury claims. This case was initiated by Laura E. Rice, acting as the special representative for the estate of her late mother, Margaret L. Rice. The
The U.S. District Court for the District of South Carolina approved two major settlements in the multidistrict litigation (“MDL”) that consolidated thousands of cases related to per- and polyfluoroalkyl substances (“PFAS”) contamination in public water systems allegedly resulting from use or discharge of firefighting foams.
Judge Gergel recently entered a final order and judgment of