Over 1,000 firms have made either indicative or concrete pledges to align their greenhouse gas emissions with the Paris Agreement—which means reducing emissions to zero by 2050. For many firms, achieving this aim will require the use of carbon offsets at some point. On January 27, 2021, the Taskforce on Scaling Voluntary Carbon Markets published
Tim Baines is counsel in the London environmental and planning team of Mayer Brown. Tim has a particular interest and background in advising companies and financial institutions in the real estate, energy and sustainability sectors. He has considerable knowledge of UK planning and environmental regimes, renewables incentives regimes, and emissions and climate-related matters.
When asked about the top ESG risks in oil and gas, a familiar list typically emerges. Health and safety, environmental harm, climate change, activities in a particularly high risk jurisdiction… From a legal perspective, we do not disagree, but our key concerns come from a different angle:
- Did you do what you say you