Investors are increasingly focused on Environmental, Social, and Governance (ESG), and more companies are reporting on these statistics. Reporting on ESG metrics is challenging because there is a lack of consistency in the market as to what ESG is, how
Offshore Wind Goes West. On May 25, the Biden administration and the State of California announced an effort to develop areas off of the coast of California for up to 4.6 GW of offshore wind generation. While Northeastern states and
As the demand for renewable energy in the United State increases, so does related project M&A activity. For decades, the Sheppard Mullin team has been working on renewable energy project M&A and now we are helping our clients address several
Last week, the Biden Administration through the Department of Energy, took actions regarding Executive Order 13920 (the “Bulk Power Order”). Such actions effectively established a clean slate for how the Biden Administration will implement the Trump-Era order. This article summarizes
On October 1, 2020, the fourth edition of the Equator Principles came into effect. This fourth edition expands the scope of infrastructure projects that are captured by the principles and creates additional obligations for participating financial institutions and their borrowers.
With the change in administration in Washington, D.C., President Biden elevated Federal Energy Regulatory Commission (“FERC”) Commissioner Richard Glick to the position of Chairman. A Democrat, Commissioner Glick now assumes certain agenda-setting powers, including directing ongoing lawsuits at FERC and
On December 30, 2020, New York State’s Department of Environmental Conservation (the “Department”) promulgated statewide ambient limits on greenhouse gas (“GHG”) emissions for the years 2030 and 2050 (the “Regulations”).[1] The GHGs covered by the Regulations include carbon
The FERC today issued Order No. 871-A, seeking further comment on modifications last summer to its regulations under Natural Gas Act Sections 3 and 7 that prohibited initiating pipeline construction, pending timely filing of any rehearing request, or a rehearing
