The US power sector is staring down the barrel of a labor shortage of crisis proportions. With workers in all aspects of the industry retiring faster than new recruits are replacing them, the industry has a lot of work to do to position itself as a magnet for new talent. “There are a number of… Keep reading →
What can cost a billion dollars more each week before it even exists? At the end of September, the Louisiana governor’s office projected that a new gas to liquids project announced by Royal Dutch Shell would cost an estimated $12.5 billion. Less than a week into December, the multinational energy giant cancelled its plans amid… Keep reading →
How far below the ground surface do property rights extend? This question is being addressed in Texas Supreme Court and could result in the emergence of a new field of law. The case involves contamination from an oil and gas wastewater injection well that appears to have migrated onto adjacent farmland, according to a New… Keep reading →
In a rare move, the UK government has come out in defense of BP regarding the US EPA’s decision to suspend the company from new government contracts. Members of the UK government filed a midnight brief on Monday saying the EPA’s decision could negatively impact jobs and pension funds invested in the UK super major.… Keep reading →
The Northeast has joined Texas as a hotbed for energy lawyers, driven by our nation’s insatiable demand for energy and the lack of a coherent national energy policy. In addition, the industry is moving from a time-worn regulated monopoly model to free-market competition – complicated by climate change concerns on the one hand and the… Keep reading →
Physicist and MIT Researcher Ernest Moniz was officially confirmed as the next US Energy Secretary, replacing Stephen Chu, yesterday. The Senate voted 97-0 in favor. Moniz served as energy undersecretary under the Clinton Administration. Various groups and organizations from private business to the environmental community made statements supporting Moniz’s confirmation. They highlighted his work and… Keep reading →
Canadian Prime Minister Stephen Harper spoke bluntly about the rationale for approving the Keystone XL pipeline during a visit to the Council on Foreign Relations in New York yesterday. Canadian energy exports are critically important to the country’s economy, which has suffered in recent years from a lack of market access for its crude oil.… Keep reading →
The wind industry privately worries that MLPs are a bargaining chip for their tax credit.
Master limited partnerships are currently the policy du jour in Washington. And unlike the hollow “momentum” earlier this year for a carbon tax, MLPs actually have bipartisan support and legislative potential. Keep reading →
The Intersection of Energy Law and Project Finance
It’s critically important to understand the regulations associated with financing multi-billion dollar energy projects so as to avoid delays and cost increases that can imperil event the best laid plans. Whether it be an oil & gas project or a major renewable energy initiative, getting the financing right means having the legal pieces in order, and a major law firm with a large energy practice highlights some examples of this in their spring newsletter. Keep reading →
America’s debate on energy policy is consumed by partisanship and short-term thinking. Whether the debate today focuses on tax credits for specific technologies or removing regulatory hurdles to allow for more energy production, policymakers are failing to plan for the long haul. Instead we should ask: what do we want our energy mix to look like in 10, 20, or 30 years? How do we address climate change, ensure energy reliability, and create high-tech industries for the next generation?
Existing energy technologies will play a part. However, the world also needs transformational change in the energy industry. Fusion energy holds this potential. By fusing together two hydrogen atoms, enormous quantities of energy can be produced. When successfully commercialized, it will be a near-optimal source of power – clean, safe, secure, and virtually inexhaustible. Keep reading →