On April 9, Kerri L. Barsh, co-chair of Greenberg Traurig’s Environmental Practice, hosted and presented to visitors from Washington, D.C.’s Dwight D. Eisenhower School for National Security & Resource Strategy – National Defense University at the firm’s Miami office. Kerri’s presentation focused on key issues and challenges with respect to the environment and climate change
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IRS Adds 446 Potential Energy Communities; Eases Energy Community Rules for Offshore Wind
The Internal Revenue Service (IRS) recently issued Notice 2024-30, which modifies guidance previously issued relating to the energy community “adder” for the investment tax credit and the production tax credit.
IRS and Treasury Department Issue Final and Proposed Regulations Regarding ‘Direct Pay’ Rules Under Inflation Reduction Act and Code Section 6417, Notice Regarding ‘Chaining’ and Revised FAQs
On March 11, the Treasury Department and Internal Revenue Service (IRS) issued final regulations (Final Regulations) under Section 6417 of the Internal Revenue Code (Code), providing rules for the elective payment of applicable credits under Code Section 6417. Section 6417 of the Code allows certain applicable entities, including tax-exempt and government entities (Applicable Entities), to…
April 10-11 EVENT | Pennsylvania Bar Institute’s Annual Environmental Law Forum 2024
Greenberg Traurig is proud to be a sponsor and a member of the planning team for the Pennsylvania Bar Institute’s Annual Environmental Law Forum, taking place April 10-11, 2024. As a gathering ground for attorneys in private practice and public service, engineers, consultants, professors, and scientists, this event facilitates learning, networking, exchanging, and debating current…
SEC Adopts Comprehensive Package of Climate-Related Disclosure Rules; Scope 3 Emission Metrics Excluded
On March 6, 2024, the Securities and Exchange Commission (SEC) adopted by a 3-2 vote a series of new and extensive disclosure rules that will require all registered companies, including FPIs, to include detailed climate-related information in their registration statements and periodic reports, and climate-related financial statement metrics in a note to their audited financial…
EPA Finalizes New RMP Rule and Rejects Provision on Transloading
In a rulemaking closely watched by the transloading industry, the U.S. Environmental Protection Agency (EPA) issued a final rule on March 1, 2024, updating the Accidental Release Prevention Requirements and Risk Management Program under Section 112(r) of the Clean Air Act (RMP). 40 CFR Part 68. (“Transloading” refers to movement of goods and commodities across…
Environmental Law and the Brownfield ‘Energy Community’ Clean Energy Tax Credit Bonus Under the IRA
The Inflation Reduction Act, Pub. L. No. 117-169, 136 Stat. 1818 (Aug. 16, 2022), among other things creates tax incentives for clean energy development. The IRA enhances those tax credits for energy projects located on a “brownfield.” That enhancement will increase development pressure on “brownfield” sites. There may be some confusion over how “brown” a…
Is One Dollar Enough Under CERCLA?
Many Superfund practitioners have spent years litigating cases in which a private plaintiff seeks to establish that defendants are liable for costs of responding to a Superfund problem and that they ought to bear some specific equitable share of the total responsibility. Often, the plaintiff has brought the case even though the plaintiff has not…
New York State Proposes ‘Rapid Act’ and Other Bill to Aid in Transition to Renewable Energy and Away From Natural Gas
Governor Kathy Hochul’s Executive Budget proposal (the Transportation, Economic Development, and Environmental Conservation budget bill (A.8808/S.8308)) includes two pivotal energy proposals: the Renewable Action Through Project Interconnection and Deployment Act and the Affordable Gas Transition Act. The Governor is seeking to advance the achievement of the ambitious emissions reduction and renewable energy procurement mandates set…
5 Trends to Watch: 2024 Florida Environmental Issues
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