We recently undertook some research and found that private equity funds bought £11.9 billion of European oil and gas businesses in 2021, up from just £232 million in 2020. While historically some private equity funds have been long-term investors in the oil and gas industry much of the investment has been within the lower-risk midstream
The UK’s Hydrogen Strategy landed this month, sending a strong message that the UK government is listening and willing to commit to private sector partners in order to reach short term and long term hydrogen market goals. However, the scale of the challenge remains huge, requiring the simultaneous development of hydrogen production capabilities and end
On July 1, 2021, the US Internal Revenue Service (the “IRS”) released Revenue Ruling 2021-13 (the “Ruling”), which provides additional guidance on the definition of “carbon capture equipment” for purposes of the carbon capture tax credit under Section 45Q of the Internal Revenue Code of 1986, as amended (the “Code”). The Ruling also clarifies that
On April 21, 2021, the European Commission adopted a comprehensive package of measures to help improve the flow of money toward sustainable activities across the European Union.
The measures adopted include:
The EU Taxonomy Climate Delegated Act, which aims to support sustainable investment by making it clearer which economic activities most contribute to meeting the
The energy industry continues to evolve as sectors converge and as demand, supply and consumer preferences change. The global economy is shifting to lower-carbon sources of energy, coinciding with (or resulting from) a renewed focus on environmental, social and governance (ESG) issues. “Energy transition” is commonly used to describe the recent full-court press towards cleaner
A federal district court suspends, with general effects, President López Obrador’s amendments to the Electricity Industry Law.
This Legal Update details the content of the decision on the injunction or amparo.
The Resolution That Establishes the Goods Whose Import and Export Are Subject to Regulations Issued by the Ministry of Energy was officially suspended by the Ministry of Economy and the Ministry of Energy through a publication in the Federal Official Gazette.
This Legal Update details the content of such publication.
The Senate discussed and approved the draft of the Amendment of the Electrical Industry Law, now only awaiting President López Obrador’s approval before it can enter into force.
This Legal Update details the session of the Senate and the content of the amendment.
In November we wrote about the UK’s National Security and Investment Bill, which promises to give rise to the most significant changes to the treatment of mergers and acquisitions in the UK for many years. In January, we discussed the Bill at more length at the Mayer Brown Oil & Gas Lawyers’ Forum and
In December 2020, the State Council Information Office of China published a white paper titled Energy in China’s New Era. The white paper presents China’s achievements and goals in energy development and outlines the strategies, and policies for future energy reform.
People-Centered Goals – Clean Energy, Clean Living
The white paper stresses that the