Energy

  • May 24, 2022

    Volvo Raises $536.7M In Second Green Bond Offering

    Swedish automaker Volvo Cars announced Tuesday that it has raised $536.7 million, or 500 million euros, in its second fixed-rate senior unsecured green bond offering to fund the company's energy efficiency goals and transition to selling fully electric vehicles by 2030.

  • May 24, 2022

    Ariz. Judge Axes Tribes', Enviros' Suits Over Copper Mining

    Native American tribes and environmental groups can't block a Hudbay Minerals Inc. subsidiary from mining copper ore in the Santa Rita Mountains, an Arizona federal judge has ruled, saying the company's decision to give up a federal permit meant there was nothing left for the plaintiffs to challenge.

  • May 24, 2022

    Brazos Wants To Set Trial Date On ERCOT $1.9B Ch. 11 Claim

    Bankrupt power provider Brazos Electric Power Cooperative Inc. told a Texas judge Tuesday that it wants to set a date for a trial over the $1.9 billion claim asserted by the Electric Reliability Council of Texas to resume even as mediation among the various parties is ongoing, saying it needs to move its case forward.

  • May 24, 2022

    2nd Circ. Case's Relevance Disputed In $1.4B Award Fight

    Luxembourg-based steelmaker ArcelorMittal on Monday rebutted arguments by Essar Group that a recent Second Circuit decision sending a dispute over a canceled $1.1 billion power plant project to Angola supports the Indian conglomerate's bid to toss litigation filed by the steelmaker to enforce a $1.4 billion arbitral award.

  • May 24, 2022

    Neumann's Post-WeWork Venture, Flowcarbon, Raises $70M

    A carbon credit company co-founded by former WeWork CEO Adam Neumann said Tuesday it raised $70 million to build a blockchain-based marketplace for buying and selling the credits. 

  • May 24, 2022

    Mass. Power Plant, Contractor Strike Deal On Ch. 11 Discovery

    Massachusetts power plant Salem Harbor Power Development told a Delaware bankruptcy judge Tuesday it will let a contractor take discovery into whether it has claims against managers or shareholders for the events leading to the contractor's $237 million arbitration award.

  • May 24, 2022

    Week In Bankruptcy: Dioceses Settle; Wind-Downs Reined In?

    Three Roman Catholic dioceses are pushing for approvals of settlements for hundreds of sexual abuse claims in bankruptcy courts, a Delaware state court judge denied a litigation stay in a nonbankruptcy wind-down case, potentially signaling a crackdown, and Purdue Pharma executives got their bonuses approved. This is the week in bankruptcy.

  • May 24, 2022

    Ford Inks $19.2M Deal To End States' False Ad Claims

    Ford Motor Co. agreed to pay $19.2 million in a multistate settlement to end allegations that it misled consumers about the fuel efficiency of a hybrid car model and the hauling capabilities of its heavy-duty truck line, several state attorneys general announced Tuesday.

  • May 24, 2022

    $14M Deal Reached In Oil Co. Stock Fraud Class Action

    A class of Dakota Plains Holdings Inc. investors asked a New York federal judge on Monday to give the first green light to a nearly $14 million settlement they reached with the defunct oil transloading company's officers and directors over a purported stock manipulation scheme.

  • May 24, 2022

    Tool Co., Travelers Settle Fraud Coverage Suit

    A toolmaker dropped its suit against Travelers seeking coverage related to fraud allegations involving a $40 million patent suit, after the sides told a Texas federal court they reached a settlement.

  • May 24, 2022

    Md. Inaction Can't Spur Dam Relicensing, DC Circ. Told

    The Federal Energy Regulatory Commission can't relicense an Exelon Corp. hydroelectric dam based on Maryland's waiver of its authority to issue a water quality certificate for the project, environmentalists told the D.C. Circuit on Monday.

  • May 24, 2022

    K&L Gates Adds 4 Energy Partners, Opens Kansas City Office

    K&L Gates LLP has picked up four renewable energy partners from Husch Blackwell LLP, with three of them launching a new K&L Gates office in Kansas City, Missouri, and the fourth joining its Austin, Texas, location, the firm said Tuesday.

  • May 24, 2022

    Zero-Carbon Generator Startup Mainspring Lands $150M

    Mainspring Energy announced Tuesday that it had closed a $150 million Series E funding round as it looks to develop new models of its on-site generators that produce zero-carbon electricity in a funding stage led by global investor Lightrock.

  • May 24, 2022

    Skadden Adds DLA Piper Energy Co-Chair In Houston

    The former co-chair of DLA Piper's energy practice has joined Skadden Arps Slate Meagher & Flom LLP as a partner in Houston, the firm announced Monday.

  • May 24, 2022

    State Officials Blast FERC For Power Market Subsidy Rule

    Ohio's consumer advocate and Pennsylvania Republicans are backing a challenge to the Federal Energy Regulatory Commission's decision letting state-backed clean energy producers participate unfettered in regional electricity markets.

  • May 24, 2022

    Glencore Admits Bribery, Manipulation In Global Settlement

    Mining giant Glencore will pay more than $1.1 billion in criminal and civil penalties after pleading guilty to U.S. bribery and market manipulation charges Tuesday and said it will soon also admit to foreign corruption charges in the U.K.

  • May 24, 2022

    Exxon Must Face Climate Suit, Mass. Top Court Rules

    ExxonMobil Corp. cannot use a free speech statute to duck a climate change suit brought by the Massachusetts Attorney General, the state's top court ruled Tuesday, finding that the law in question applies to private suits but not public enforcement actions.

  • May 23, 2022

    1st Circ. Keeps Rhode Island Climate Suit In State Court

    Rhode Island took home another victory in its suit alleging a group of oil companies concealed their role in climate change after the First Circuit on Monday agreed that the claims belong in state court, where they were filed.

  • May 23, 2022

    SoCal Oil Spill Claim Attys Jockey To See Who's Up First

    The parties mired in litigation over an October 2021 oil spill off the Southern California coast sparred Monday over which issue should proceed first: claims brought by a proposed class of businesses and residents, or the request from container ships to exonerate themselves or limit their liability.

  • May 23, 2022

    China Labor Crackdown Could Be Solar Power Pain Point

    The U.S. solar industry is girding itself to comply with a sweeping new law cracking down on imported goods made with forced labor from China's Xinjiang region, a measure that could sharply limit access to a key global hub for the raw materials of solar projects.

  • May 23, 2022

    US Steel, Investors Reach $40M Deal To End Stock Row

    Investors in Pittsburgh-based steel producer U.S. Steel have asked a Pennsylvania federal judge to give an initial nod to a $40 million cash deal that would end their claims the company hurt investors by concealing lost production capacity.

  • May 23, 2022

    SEC Nabs Injunction Against Crypto Mining Corp. CEO

    A Florida federal judge granted the U.S. Securities and Exchange Commission's motion for a temporary restraining order against a crypto mining promoter accused of having shafted investors out of $62 million in a yearslong scheme.

  • May 23, 2022

    Rhode Island, PPL Deal Clears Way For $5.3B Utility Buy

    The Rhode Island Attorney General's Office said Monday it agreed to drop its challenge of PPL Corp.'s $5.3 billion acquisition of the largest utility in the state as part of a deal that saves ratepayers $200 million and requires substantial funds and resources to be committed toward environmental initiatives.

  • May 23, 2022

    SEC's ESG Task Force Nets First Fine In BNY Mellon Case

    The U.S. Securities and Exchange Commission announced Monday it had fined a Bank of New York Mellon advisory unit $1.5 million over alleged environmental, social and governance disclosure failures, in the first announcement tying a settled order directly to the work of its ESG task force.

  • May 23, 2022

    US Opens New Trade Forum As Questions Swirl Over Scope

    After a year-and-a-half of calls to launch new trade talks, the Biden administration began laying the groundwork for a deal in the Indo-Pacific Monday, but the arrangement's nebulous structure has already generated debate about its scope and viability.

Expert Analysis

  • A Look At The Legal Profession Since Murder Of George Floyd

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    Little has changed for Black attorneys since law firms promised to combat discrimination within the profession following George Floyd's murder, but on this second anniversary of his death, law firms can recommit by adopting specific strategies that set their Black lawyers up for success, say Lisa Davis and Khasim Lockhart at Frankfurt Kurnit.

  • Cos. Should Comment Now On New Offshore Wind Areas

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    The Bureau of Ocean Energy Management's recent calls for information regarding potential wind energy areas along the Central Atlantic and Oregon coasts give developers an important opportunity to participate in creating a defensible environmental review process that will enable project development, says Andrew Glenn at Husch Blackwell.

  • Opinion

    NY Ruling Correctly Deems Legal Finance Docs Irrelevant

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    A New York appeals court's recent decision in Worldview Entertainment v. Woodrow joins a growing trend of decisions denying discovery of litigation funding documents, highlighting that commercial legal finance should be treated just like any other financing in commercial litigation, says Andrew Cohen at Burford Capital.

  • Opinion

    The SEC's Climate Disclosure Plan Fails Individual Investors

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    The U.S. Securities and Exchange Commission’s historic proposal to create a new climate disclosure regime for U.S. companies is good for business, but it doesn’t line up with the commission’s mission to protect individual investors, and the SEC should reconsider its approach before it is challenged in court, says Lawrence Cunningham at GW Law.

  • New Ariz. Cyberattack Info Sharing May Be Worth The Burden

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    A recent amendment to Arizona’s data breach notification law, and similar state and federal cyber incident reporting rules, significantly burden companies that are attacked, but increased information sharing could help prevent and mitigate the damage from future data security incidents, say Christine Czuprynski and Kate Jarrett at McDonald Hopkins.

  • Overcommunicate With Your Summer Associates This Year

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    2022 summer associates have had limited opportunities for professional interactions due to the pandemic, so supervising attorneys should prioritize intentional overcommunication by emphasizing importance of tone and content of emails, sharing feedback immediately, and more, says Julie Schrager at Faegre Drinker.

  • Commerce Tariff Memo Helps Dispel Clouds For US Solar Cos.

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    Solar suppliers and developers face numerous uncertainties due to the U.S. Department of Commerce's investigation into whether photovoltaic cells imported from Southeast Asian countries are circumventing anti-dumping and countervailing duty orders against cells from China — but a recent department memorandum provides some clarification, say attorneys at McDermott.

  • Nev. Case Highlights Settlement Authority Dilemmas For Cos.

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    A Nevada federal court's recent decision in Ceja v. The Vons Companies illustrates the pitfalls of misinterpreting a court order requiring a representative with full settlement authority to be present at negotiations, and is a reminder to consider that courts differ as to what full settlement authority means in practice, says Richard Mason at MasonADR.

  • How FERC Proposal Will Guide Clean Grid Development

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    The Federal Energy Regulatory Commission's major new proposal on regional electric transmission planning and cost allocation appears likely to substantially reshape how the transmission system is built out to accommodate the clean energy future, say attorneys at Day Pitney.

  • Unpacking OFAC's New Russian Accounting Services Ban

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    New determinations issued by the Office of Foreign Assets Control put a broad swath of accounting, trust and corporate formation, management consulting, legal service providers, and others at heightened risk for strict liability sanctions violations for dealings with Russia, requiring affected entities to update their procedures, say Cari Stinebower and Dainia Jabaji at Winston & Strawn.

  • The Fastest Federal Trial Courts: A Look At Virginia, Florida

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    The Eastern District of Virginia rocket docket and the Northern District of Florida were last year’s fastest civil trial courts in the nation, and interviews with two of their judges reveal they have some of the same practices to keep litigation moving efficiently, says Robert Tata at Hunton.

  • What To Expect From Biden Admin.'s NEPA Updates

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    The Council on Environmental Quality's recent National Environmental Policy Act updates will be critically important to federal agencies seeking to implement the Biden administration's renewable energy policies, but their practical impact may be limited, say attorneys at K&L Gates.

  • Tips For Evaluating Machine Learning For Contracts Review

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    Law firms considering machine learning and natural language processing to aid in contract reviews should keep several best practices in mind when procuring and deploying this nascent technology, starting with identifying their organization's needs and key requirements, says Ned Gannon at eBrevia.

  • Adapting To New Hybrid Energy Project Contracts

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    As growing complexity and risk make contractors reluctant to sign lump-sum turnkey engineering, procurement and construction contracts for big energy projects, parties must give careful thought to how new procurement structures can encourage timely and efficient execution of the work, say Daniel Garton and David Strickland at White & Case.

  • How To Efficiently Deploy Your Professional Growth Strategy

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    Lana Manganiello at Equinox Strategy Partners discusses how time-strapped legal professionals can efficiently implement a professional growth framework by focusing on only the most effective actions to build the reputation and relationships key to their ideal practice.

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