On July 4, 2024, the UK general election took place, and the Labour Party won with a significant majority. After 14 years of Conservative Party rule, a number of changes are now expected in respect of the UK's position on...more
Welcome to the fourteenth edition of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). P2N0 identifies significant news items globally, reporting on them in short form, focusing on policy...more
The transformation of the global energy sector from carbon-based fuels to zero-carbon resources will take generations to evolve. It is a dynamic process that requires producers and consumers to develop long term strategies...more
The Canadian government released its long-anticipated draft Clean Electricity Regulations (Regulations) on August 10, 2023, setting out its approach to mandating a net-zero emissions power grid by 2035. In this note, we offer...more
You might recall our posts on litigation by states, counties, and cities blaming a host of calamities, real and imagined, past and future, on Big Oil. The producers tried their best to remove the cases to federal court. In a...more
On April 18, 2023, the Institutional Investors Group on Climate Change (IIGCC) published a “Net Zero Standard for Oil & Gas.” Development of the Standard follows a two-year collaborative process led by IIGCC with support from...more
The Biden administration (the Administration) has set ambitious goals to reduce U.S. greenhouse gas emissions to at least 50% below 2005 levels by 2030 and to reach net-zero emissions by 2050. To achieve these ends, the...more
Options to cap and cut emissions from the Canadian oil and gas sector were proposed by Environment and Climate Change Canada (ECCC) in July 2022. Reducing oil and gas sector emissions is necessary for Canada to achieve its...more
On November 16, 2022, the California Air Resources Board (“CARB”) finalized its 2022 Scoping Plan (the “Scoping Plan”) laying out how California plans to achieve its long-term climate target of carbon neutrality. The State’s...more
Ambitious net-zero targets will unquestionably be the biggest catalyst for M&A in the energy sector for years to come - The race is on to achieve carbon neutrality, and this is providing one of the biggest investment...more
As part of an effort to move towards global carbon neutrality, Canada published its 2030 Emissions Reduction Plan in March of 2022 which focuses on achieving net-zero carbon emissions by 2050. Working towards a strong economy...more
Transitioning the global economy out of its current reliance on fossil fuels is a massive, complex and nuanced undertaking. Fossil fuels represent 80% of current global energy consumption. The market for them is more than $6...more
This is the fourth release of the Chambers Global Practice Guide for Alternative Energy & Power, which was launched in 2018 amid a transformation of the global electrical energy and power industry. The factors driving...more
In March 2022, on the heels of the Canadian Net-Zero Emission Accountability Act, Canada published its 2030 Emissions Reduction Plan (2022) which is focused on driving net-zero carbon emissions by 2050. One way in which...more
On March 29, 2022, the Minister of Environment and Climate Change, supported by Prime Minister Justin Trudeau, tabled Canada’s new 2030 Emissions Reduction Plan (the “Plan”). The Plan describes the existing and new measures...more
On January 26th, Arizona Corporation Commissioners voted 3-2 against modifications to the state’s Energy Rules. The proposed modifications to the Energy Rule would have included delivering 100% carbon-free power by 2070, a...more
President Biden signed an executive order (Order) on December 8, 2021, directing the federal government to use its scale and procurement power to slash its carbon emissions by 65% by 2030 and achieve net-zero emissions by...more
Since the 2015 Paris Agreement, countries around the globe have been analyzing their energy and development strategies and planning to meet their commitments. While some countries have made progress by, among other things,...more
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...more
Now that our new president has been elected (Proud Boys, its over!), let’s take a look at what people smarter than I are predicting it will mean for the domestic oil and gas industry and the climate. In summary: bad for one,...more