On January 28, 2021, and for the second time in a month, the Massachusetts Legislature passed historic legislation designed to holistically address issues associated with the effects from climate change. Governor Baker has 10 days to sign it, veto it,
Energy
Six Key Items to be Aware of Today Concerning FERC Carbon Pricing Policy
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…
Ross Says Long-Term Focus Shaped Water Policies During Trump EPA
Dave Ross, a partner in Troutman Pepper’s Environmental and Natural Resources Practice Group, was interviewed in the InsideEPA.com article, “Ross Says Long-Term Focus Shaped Water Policies During Trump EPA.”
Texas cracks down on cryptocurrency fraud: 2020 developments
Article prepared by and republished courtesy of our colleague Brooke Goodlett; originally published here: https://www.dlapiperaccelerate.com/knowledge/2020/texas-cracks-down-on-cryptocurrency-fraud.html
Texas continues to be a leader in the United States when it comes to cracking down on fraudulent cryptocurrency offerings, and the novel COVID-19…
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…
Excess Deductions Are Back!
This summer, the IRS issued interim regulations clarifying that excess deductions from a Trust or an Estate can pass out to beneficiaries. In the early fall, the IRS issued final regulations to the same effect. What does this mean for…
President Biden takes Executive Actions with Impact on Advanced Nuclear
President Biden ran on an energy and environmental platform calling for a carbon-free power sector by 2035 and net-zero carbon emissions by 2050. In pursuit of this clean energy plan, he also called for a modernized energy infrastructure that supports…
Presidential Memorandum Directs Evolution in Regulatory Review
Among the flurry of executive actions signed by President Biden last week on inauguration day was a presidential memorandum aiming to revise the regulatory review process. Titled “Modernizing Regulatory Review,” the memo is directed at the heads of…