In December 2020, the State Council Information Office of China published a white paper titled Energy in China’s New Era. The white paper presents China’s achievements and goals in energy development and outlines the strategies, and policies for future energy
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Mexico – Tension Between Proposed Amendment of Electricity Industry Law and Supreme Court’s Rejection of SENER’s Reliability Policy
The electricity industry in Mexico is under stress. The President of Mexico has proposed amendments to the Electricity Industry Law that could result in the undoing of the energy reform that permitted private investment in the power market. In parallel,
Scaling Voluntary Carbon Markets: Taskforce Releases Core Carbon Principles and Roadmap
Over 1,000 firms have made either indicative or concrete pledges to align their greenhouse gas emissions with the Paris Agreement—which means reducing emissions to zero by 2050. For many firms, achieving this aim will require the use of carbon offsets
Biden Administration Takes Action on Oil & Gas Permits but Policy Still Evolving
Since US President Biden’s inauguration, the Biden administration has taken several actions to restrict the issuance of oil and gas permits for production on federal public lands and federal offshore waters, but the extent of the shift in policy undertaken
US Energy Regulation During the Presidential Transition
The inauguration of the Biden administration will bring a plethora of policy changes focused on US electric power production, fuel, and climate change mitigation and remediation. The Biden administration’s Climate Executive Order, discussed further in this Legal Update, declares the
Biden Executive Order on Energy Regulation
On January 20, 2021, US President Joseph Biden signed a series of executive orders, including one titled “Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis.” This executive order contains a series of directives to
US Energy Regulator Considers Financial Requirements for Hydropower Projects
At its last formal meeting during the Trump administration, the US Federal Energy Regulatory Commission opened a Notice of Inquiry to determine whether to impose financial assurance requirements on hydropower licensees and, if so, what those financial assurance requirements should
Final Like-Kind Exchange Regulations Contain Much-Needed Clarity for Natural Resource-Related Assets
In December of 2020, the US Internal Revenue Service issued final regulations on like-kind exchanges under Section 1031 of the Internal Revenue Code of 1986, as amended. The Final Regulations, which generally apply to exchanges beginning after December 2, 2020,
Operational Technology Cyber Risk in the Energy Sector
Potential Energy Tax Changes under a Biden Administration
Although the incoming Biden administration has put forth bits and pieces of a variety of potential tax reforms and incentives, two focus areas have clearly emerged—a reduction or rollback of certain provisions of the 2017 Tax Cuts and Jobs Act