Labor Department Shuns Trump-Era ‘Anti-ESG’ Measures

Credit to Author: Sonal Patel| Date: Wed, 23 Nov 2022 20:20:39 +0000

money-deal-merger-acquisition

The Biden administration has reversed a controversial Trump-era rule that barred plan fiduciaries from considering climate change and other environmental, social, and governance (ESG) factors when choosing retirement investments and exercising shareholder rights, such as proxy voting.  A final rule issued by the Department of Labor (DOL) on Nov. 22 removes restrictions issued in two […]

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Labor Department Shuns Trump-Era ‘Anti-ESG’ Measures

Credit to Author: Sonal Patel| Date: Wed, 23 Nov 2022 20:20:39 +0000

money-deal-merger-acquisition

The Biden administration has reversed a controversial Trump-era rule that barred plan fiduciaries from considering climate change and other environmental, social, and governance (ESG) factors when choosing retirement investments and exercising shareholder rights, such as proxy voting.  A final rule issued by the Department of Labor (DOL) on Nov. 22 removes restrictions issued in two […]

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NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter

Credit to Author: Sonal Patel| Date: Thu, 17 Nov 2022 22:58:27 +0000

Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and prolonged cold conditions, the North American Electric Reliability Corp. (NERC) has warned. The nation’s designated Electric Reliability Organization (ERO) in its latest Winter Reliability Assessment, issued on Nov. 17, said […]

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Four Large-Scale Solar Projects Fined $1.34M for Alleged Clean Water Act Violations

Credit to Author: Sonal Patel| Date: Thu, 17 Nov 2022 14:44:15 +0000

The Environmental Protection Agency (EPA) and the Department of Justice (DOJ) have settled to resolve alleged violations of the Clean Water Act with four separate large-scale solar farm owners in Alabama, Idaho, and Illinois. The solar farm owners—all subsidiaries of large international finance and investment companies—used a common construction contractor for their farms. The federal […]

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FERC: Investors with Utility Board Members are Affiliates

Credit to Author: Maxwell Multer| Date: Wed, 02 Nov 2022 21:19:05 +0000

Building on analysis in its February 2021 Public Citizen, Inc. v. Centerpoint Energy, Inc. opinion, the Federal Energy Regulatory Commission (FERC) recently issued decisions in Evergy Kansas, Inc. (Evergy) and Transalta Energy Marketing (U.S.), Inc. (Transalta) analyzing whether investments that were under 10% of outstanding voting shares, but were paired with appointment of directors that […]

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Balancing the Scales: Disparities in Decommissioning Practices for Renewable and Non-Renewable Energy

Credit to Author: Janique Williams| Date: Thu, 06 Oct 2022 19:02:05 +0000

There have been historic initiatives within the U.S. to create a sustainable energy economy and to address major environmental concerns created by fossil fuels. The Inflation Reduction Act contains $369 billion in climate and energy provisions, which will have a meaningful impact on climate change. Meanwhile, the Bipartisan Infrastructure Law seeks to remedy environmental issues […]

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Balancing the Scales: Disparities in Decommissioning Practices for Renewable and Non-Renewable Energy

Credit to Author: Janique Williams| Date: Thu, 06 Oct 2022 19:02:05 +0000

There have been historic initiatives within the U.S. to create a sustainable energy economy and to address major environmental concerns created by fossil fuels. The Inflation Reduction Act contains $369 billion in climate and energy provisions, which will have a meaningful impact on climate change. Meanwhile, the Bipartisan Infrastructure Law seeks to remedy environmental issues […]

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DOE Unveils Next Steps for Nuclear Waste Consent-Based Siting Process

Credit to Author: Sonal Patel| Date: Thu, 22 Sep 2022 19:11:33 +0000

The Department of Energy (DOE) has initiated community outreach to facilitate consent-based siting, management of spent nuclear fuel (SNF), and interim storage facility siting. The effort, outlined in a series of steps the DOE expects to take in response to a recent request for public input, marks a significant first step toward advancing the agency’s […]

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Oklo Relaunches NRC Licensing Process for Nuclear Microreactor

Credit to Author: Sonal Patel| Date: Tue, 20 Sep 2022 13:52:10 +0000

Oklo, the developer of the much-watched 1.5-MW Aurora microreactor, has submitted a recharged licensing project plan (LPP) with the Nuclear Regulatory Commission (NRC), launching a renewed effort that could help the advanced nuclear reactor developer set the stage for “effective and efficient” application reviews by the federal regulator. The move is a significant step for […]

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Common Mobility Tax Mistakes in the Energy Sector and How to Avoid Them

Credit to Author: Jennifer Stein| Date: Thu, 18 Aug 2022 15:18:29 +0000

As international travel picks up, energy corporations are turning to mobile employees to fulfill their international staffing needs. However, as mobile work gains steam, tax and compliance risks continue to grow as well—unbeknownst to most corporate leaders. Many businesses, unfortunately, are failing to set up an adequate plan to protect against tax violations in the […]

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