Antitrust: Court Approves $42 Million Smithfield Settlement in Pork Antitrust Litigation
On October 19, 2022, the U.S. District Court for the District of Minnesota issued an order approving a $42 million settlement between Smithfield Foods Inc. and the commercial and institutional indirect purchasers in the civil class action pork price-fixing case, In Re Pork Antitrust
BOEM Resumes OCS Lease Sales 258 and 259
We summarize recent developments for Bureau of Ocean Energy Management Lease Sale 258 (in Alaska’s Cook Inlet), Lease Sale 259 (in Gulf of Mexico), and subsequent opportunities available to upstream oil and gas companies.
California Offshore Wind Lease Sale Announced by Bureau of Ocean Energy Management
On October 21, 2022, the U.S. Bureau of Ocean Energy Management (“BOEM”) published a Final Sale Notice (“FSN”) for commercial leasing for wind power on California’s Outer Continental Shelf (“OCS”). Specifically, the FSN announces a list of eligible bidders, deadlines, lease stipulations, and financial terms and conditions for an auction of five leases within the Humboldt
US BOEM Finalizes Offshore Wind Energy Areas in Gulf of Mexico
On October 31, 2022, the Bureau of Ocean Energy Management (BOEM) within the US Department of the Interior finalized two Wind Energy Areas in the Gulf of Mexico Outer Continental Shelf. This Legal Update provides further detail for companies interested in developing or financing offshore wind projects.
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HKEx Launches Core Climate, Hong Kong’s International Carbon Marketplace
On 28 October 2022, the Hong Kong Exchanges and Clearing Limited (“HKEx”) launched Core Climate, an international carbon marketplace designed to allow for the trading of voluntary carbon credits and instruments, which provides a best-in-class, trusted market infrastructure and helps connect capital with climate-related products and opportunities in Hong Kong, Mainland China and globally.
Bid Credits Intended to Stimulate Local Coordination and Development in Upcoming California Lease Auction Add New Wrinkle to Bid Strategies
One of the most noteworthy features of the October 18th Final Sale Notice (FSN) for the PACW-1 offshore lease auction – which will be the first west coast auction held by the Bureau of Ocean Energy Management (BOEM) – is the availability of “multi-factor” bid credits. The multi-factor approach will allow bidders to earn credits
Second District Holds Brown Act Requires Lead Agency To List CEQA Exemption As Item of Business On Agenda For Public Meeting When Project Already Found Exempt By Staff Is Considered For Approval
In a published opinion filed October 26, 2022, the Second District Court of Appeal (Div. 6) appears to have significantly expanded the reach of both the Brown Act and the procedural requirements of CEQA in holding, on an issue of first impression, that a public agency must list its staff’s determination that a project is
NJDEP Interim PFAS Soil Remediation Standards
The New Jersey Department of Environmental Protection posted interim soil remediation standards for several per- and polyfluoroalkyl substances (collectively PFAS) to include perfluoro nonanoic acid (PFNA), perfluorooctanoic acid (PFOA), perfluoro octane sulfonate (PFOS), and hexafluoropropylene oxide dimer acid and its ammonium salt (GenX). Posted in the October 17 NJ Register, the interim standards pertain to
Shale Law Weekly Review—Week of October 31, 2022
Climate Change: Appeals Court Rules States Lack Standing to Challenge Interagency Working Group Social GHG Estimates 
On October 21, 2022, the U.S. Circuit Court of Appeals for the Eighth Circuit issued an opinion affirming dismissal of a lawsuit by a coalition of states, led by Missouri, for lack of standing. Missouri, et al. v. Biden,
The “Social Cost of Carbon” is Back
The federal government is even going another step further in proposing to calculate the “social cost of greenhouse gases”