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European Union › Fossil Fuel

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
K&L Gates LLP

Brussels Regulatory Brief: May 2024

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Antitrust and Competition - The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector - On 12 April 2024, the European Commission (Commission) approved the plan to unwind a...more

Mintz

Another Major European Bank Withdraws From Fossil Fuel Financing

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Credit Agricole SA, the second-largest bank in France, will no longer participate in fossil fuel financing. Specifically, a spokesperson for this bank stated that it would “no longer participate in bond issuances for oil and...more

K&L Gates LLP

European Union Adopts Legislation to Tackle Methane Emissions

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The Council of the European Union adopted a regulation on the reduction of methane emissions in the energy sector (Regulation). Methane is the second-biggest cause of climate change after carbon dioxide, and in the short term...more

Mintz

Major European Bank Withdraws From Fossil Fuel Financing

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This week, “BNP Paribas SA, the European Union's biggest bank” stated that it “is no longer participating in conventional bond issuance for” “oil and gas producers.”  In essence, BNP Paribas has announced that it will cease...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - March 2024 - #2

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Greenwashing Beef Production - On February 28, New York State Attorney General (NYAG) Letitia James filed a lawsuit with the New York Supreme Court against meat processing company JBS USA for misleading the public about its...more

Vinson & Elkins LLP

The United Kingdom Announces Its Intention to Withdraw From the Energy Charter Treaty

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On 22 February 2024, the UK government confirmed the UK’s withdrawal from the Energy Charter Treaty (ECT), blaming a failure of efforts to modernise the treaty and align it with net zero aims. The UK joins nine EU member...more

Vinson & Elkins LLP

“Transitioning Away” – Vinson & Elkins Examines Key Outcomes Agreed at COP28 and the First Global Stocktake

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The 28th Conference of the Parties (or “COP28”) to the UN Framework Convention on Climate Change (“UNFCCC”) at Expo City in Dubai has ended with an agreement described by COP28 president Dr Sultan Ahmed Al Jaber as “historic”...more

Akin Gump Strauss Hauer & Feld LLP

COP28 – December 9-10, 2023 Recap

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COP28 President Sultan Al-Jaber convened a small group discussion on Sunday to discuss outstanding issues on adaptation and equitable transitions ahead of updated draft texts. A new round of draft texts is expected on Monday...more

Vinson & Elkins LLP

The UK Issues Ultimatum on the Energy Charter Treaty: What's Next?

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The UK has announced that it will review its membership of the Energy Charter Treaty (the “ECT” or “Treaty”) if there is no agreement on modernisation by November 2023. This announcement comes after a second vote on...more

White & Case LLP

Geopolitics and decarbonization in the mining & metals sector

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Geography—as much as geology—is driving commercial activity and opportunities for mining & metals firms as decarbonization accelerates - The old adage—credited to J. Paul Getty—goes, "The meek shall inherit the Earth, but...more

Spilman Thomas & Battle, PLLC

Energy Industry Insights: V 7, Issue 2, January 2023

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GOP Attorneys General Sue Labor Department Over ESG Rule - “GOP senators, joined by Manchin, oppose the new rule, which gives asset managers more freedom.” Why this is important: The article describes reaction to...more

White & Case LLP

Energy Transition and the Modernized Energy Charter Treaty

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In June 2022, the Contracting Parties to the Energy Charter Treaty ("ECT") announced an agreement in principle on the text of a modernized treaty. This modernization may have material consequences for state regulation and...more

Ankura

How would a revived US-Iran nuclear deal change the sanctions landscape?

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Talks between the U.S. and Iran to revitalize the nuclear deal may have stalled but they are far from dead. There is still optimism that the agreement to limit Iran’s ability to make weapons-grade uranium, in return for a...more

Flaster Greenberg PC

German Stance On Russian Energy Could Affect Future Of The Euro

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Since the execution of the Maastricht Treaty in 1992 that led to the establishment of the Euro single currency, different European Union countries have faced issues meeting the Treaty’s requirements to maintain the currency,...more

Mintz

European Union Labels Natural Gas and Nuclear Energy "Green"

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The European Parliament has now "endorsed labeling some gas and nuclear energy projects as 'green.'" This designation will now enable these energy projects to have "access to hundreds of billions of euros in cheap loans and...more

K&L Gates LLP

European Commission Presents REPowerEU Plan

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The European Commission (the Commission) presented on 18 May 2022 details of its plan to repower Europe and to reduce, and ultimately end, Europe’s reliance on Russian fossil fuels (the REPowerEU Plan or the Plan) that was...more

White & Case LLP

Energy Transition and Investor-State Disputes

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Past and current investor-state disputes relating to the energy transition may provide valuable lessons for what lies ahead. The global energy sector is transitioning from fossil fuels to increased use of renewable energy....more

White & Case LLP

New EU sanctions target Russian energy investments and supplies, imports of Russian steel, exports of luxury goods, and dealings...

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On 15 March 2022, the EU expanded its asset freeze list, adding fifteen individuals and nine entities. It prohibits investments into the Russian energy sector, while carving out activities necessary for essential supplies to...more

Vinson & Elkins LLP

COP26: Outcomes and Next Steps

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The 2021 United Nations Climate Change Conference (COP26) produced some breakthrough pledges, a draft rulebook for an international carbon market, and some big aspirations. The agreement reflects a much more robust approach...more

Vinson & Elkins LLP

Carbon Capture - The Missing Piece In The Net Zero Puzzle?

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In December 2020, the Norwegian government approved funding the $1.6 billion Northern Lights project led by Norway’s Equinor, Anglo-Dutch Shell and France’s Total. Northern Lights is the transportation and storage element of...more

King & Spalding

Hydrogen: State of Play in the GCC

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Much has been written about the role of hydrogen in the context of energy transition and the path to net zero. Putting aside for the moment the degree of investment and innovation required to get from where we are now to...more

Flaster Greenberg PC

Germany Claims Emissions Success Yet Becomes More Dependent Than Ever On Russia​

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On February 3, German Economy Minister Peter Altmaier proclaimed that Germany had exceeded its target of cutting greenhouse gas emissions by 40% compared to 1990 levels. Despite clearly being aided by the deep economic slump...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 37, October 2020

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More Federal Permits Handed Down as MVP Presses FERC for Construction Restart - "The Mountain Valley Pipeline LLC told FERC that it has received a series of key federal waterbody crossing permits, bolstering its case to...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 35, September 2020

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U.S. Shale Producers Race for Federal Permits Ahead of Presidential Election - "Federal permitting in the largest U.S. oilfield in the Permian Basin, located in Texas and New Mexico, is up 80 percent in about the last three...more

Morgan Lewis

EU Hydrogen Strategy Upgrades Green Hydrogen from Pipe Dream to Reality

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The use of hydrogen as a cleaner alternative to fossil fuel in the transportation sector, as well as for industrial use, has been under discussion for some time, but its potential was very much put in the spotlight recently....more

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