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Inflation Reduction Act
SLLs – Greenwash or Not?
The issue of climate change and sustainability has become an existential question for hydrocarbon companies with climate change and ESG pressures severely impacting access to capital for independent E&P companies. The global pandemic has unquestionably accelerated the energy transition and...
Financing ESCO Energy Efficiency Projects
The project financing of energy efficiency projects is gaining traction, fueled in part by the embrace by the business community – including lenders – of sustainability policies and the adoption of environmental, social and governance (ESG) standards and goals as...
Decree No. 34 of 2021 Concerning the Dubai International Arbitration Centre Impacting DIFC-LCIA Arbitration – Update
Described as aggressive yet progressive, on 14 September 2021, Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, issued Decree No. 34 of 2021 (the “ Decree ”), accompanied by the Statute of Dubai International Arbitration Centre (the “ Statute...
Public Private Partnerships: USA
General PPP Framework: USA Overview How has the concept of public-private partnership (PPP) developed in your jurisdiction? What types of transactions are permitted and commonly used in your jurisdiction? The integrated delivery model recognised as PPP is a relatively recent...
Public Private Partnerships: Overview
Even though there is no unanimously recognised definition of a public-private partnership (PPP or P3), global market participants normally use these this term and its two acronyms to refer to a specialised model of project delivery where a governmental institution...
ICLG: UK Renewable Energy Law and Regulations 2022
United Kingdom 1. Overview of the Renewable Energy Sector 1.1 What is the basis of renewable energy policy and regulation in this jurisdiction and is there a statutory definition of ‘renewable energy’, ‘clean energy’ or equivalent terminology? The Promotion of...
Compliance Take Heed: CFTC Fines Tyson Foods $1.5 Million for Position Limits, Reporting, and Record Keeping Violations
On August 13, 2021, the Commodity Futures Trading Commission (“CFTC” or “Commission”) approved a settlement to resolve allegations that Tyson Foods, Inc. (“Tyson”) exceeded the CFTC’s position limits for soybean meal futures contracts and failed to comply with related reporting...
Fifth Circuit Holds Highly Compensated Oilfield Workers Paid a Day Rate are Entitled to Overtime
The day-rate tool pusher earning $963.00 per day is not exempt from the overtime provisions of the Fair Labor Standards Act (“FLSA”) – in other words, he or she is entitled to overtime pay. So holds the Fifth Circuit. The...
PF in the Early Stages of Hydrogen
Hydrogen, and especially green-hydrogen, is the current buzz word of the energy transition. The long-term theoretical potential of green hydrogen to be a major part of the energy transition and help decarbonise the planet is undeniable. However, the abundance of...
Taxpayers Get Answers on 45Q Questions With IRS Guidance
The Internal Revenue Service released helpful guidance in Revenue Ruling 2021-13, regarding the scope of carbon capture equipment and the requirement that a taxpayer own the carbon capture equipment to qualify for carbon sequestration credits under Internal Revenue Code Section...
Anti-Concealment in the Kingdom of Saudi Arabia
The Saudi Ministries of Commerce and Justice, and the Zakat, Tax and Customs Authority (collectively the “ Saudi Authorities ”) have recently and significantly beefed up their approach to parties breaching anti-concealment legislation in the Kingdom, i.e. foreign entities unlawfully...
Understanding Nigeria’s Petroleum Industry Act
Over two decades in the making, the Petroleum Industry Act (PIA) has become law and establishes a new reality for Nigeria’s oil and gas industry. The scale of the changes implemented by the PIA is widespread and profound – it...
LNG in Europe 2021: Current Trends, The European LNG Landscape and Country Focus
This report provides an overview of current trends in the European LNG market, describes the status of the European LNG landscape in 2021, and looks at current activities in individual LNG-importing countries in Europe. CURRENT TRENDS IN THE EUROPEAN LNG...
SEC Is Still Cyber Serious About Disclosures
On the heels of the First American enforcement action and settlement , this week, the SEC announced a settlement with Pearson plc in connection with a 2018 cyber breach. The SEC disclosed that Pearson, a London-based educational company, agreed to...
OSHA's Revised COVID-19 Guidance Adopts CDC's Latest Recommendation on Masks for Vaccinated Employees, Advocates for Vaccination, and Suggests Periodic Testing for Unvaccinated Employees
In response to the modified COVID-19 recommendations published by the Centers for Disease Control and Prevention (CDC) on July 27, 2021, on Friday, August 13, 2021, the Occupational Safety and Health Administration (OSHA) updated its Guidance on Mitigating and Preventing...