Climate Change > Speaking Sustainability
06 Dec '22

The Department of Interior (DOI) released its proposed methane rule to modernize the Bureau of Land Management’s (BLM) requirements around oil and gas venting, flaring and leaks. The Environmental Protection Agency (EPA) released its own proposal, which seeks to expand the Renewable Fuel Standard Program. On the state level, Gov. Janet Mills (D-ME) announced a plan to provide nearly $3 million to Maine cities, towns and tribal governments to invest in clean energy and support climate resilience projects. Finally, Eurostat released data indicating that climate change-related events have resulted in €145 billion in economic losses in the European Union.

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29 Nov '22

The Biden administration announced that it will provide a $1.1 billion grant to Pacific Gas & Electric Co. to prevent the closure of Diablo Canyon. Additionally, the Environmental Protection Agency (EPA) published its final rule that aims to harmonize U.S. emissions standards for new engines with International Civil Aviation Organization (ICAO) guidelines. On the state level, Regional Greenhouse Gas Initiative (RGGI) states released an updated program review. In New York, Governor Kathy Hochul (D-NY) signed a bill to ease difficulties in installing electric vehicle charging stations on private property. Finally, NGK Insulators is slated to open a carbon capture demonstration plant in fiscal year 2025.

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22 Nov '22

The Federal Acquisition Regulatory Council (FAR Council) released a proposed rule that would establish greenhouse gas emissions reporting requirements that would impact federal contractors. Meanwhile, the State Department launched various climate-focused initiatives and expanded U.S. involvement in existing programs. The California Air Resources Board (CARB) released its final iteration of the state’s 2022 Scoping Plan, setting ambitious goals to cut greenhouse gas emissions, air pollution, and fossil fuel consumption. COP 27 culminated with various deals, including an alliance of countries announcing a commitment relating to Carbon Dioxide Removal (CDR) projects and various philanthropic foundations pledging billions to further climate adaptation projects.

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15 Nov '22

Talks during the eighth day of the 2022 United Nations Climate Change Conference (COP 27) focused on gender and energy. Here’s what business leaders need to know to keep up-to-date on climate policy:

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15 Nov '22

With COP 27 in full swing and the midterm elections concluding, various climate policy developments are underway. The Environmental Protection Agency (EPA) announced its proposed methane rule, which it expects to issue in 2023. Additionally, the White House has expressed support for the inclusion of Sen. Joe Manchin’s (D-WV) permitting reform language in the National Defense Authorization Act. On the state level, the midterms proved successful for climate-friendly, Democratic gubernatorial candidates with wins in Minnesota, Michigan, Kansas, Maryland, and Massachusetts. At COP 27, conversations around climate financing and carbon credits persist. Finally, the U.S. has resumed climate negotiations with China and has worked alongside Japan to develop a plan to shut down coal plants in Indonesia.

To read Akin Gump’s most recent climate policy update, please click here.

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31 Oct '22

The Department of Interior announced that it would cut Colorado River water access after a handful of Western states failed to develop a plan outlining their water consumption reduction plan. The Treasury Department is engaging with industry players as it prepares to draft clean energy tax credit guidance. On the local level, New York City Mayor Eric Adams (D-NY) announced the city’s Leading the Charge Plan to address climate change. Across the pond, the European Parliament announced a zero-emission road mobility plan, which would ban the production of new diesel and gasoline vehicles by 2035.

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26 Oct '22

The Treasury Department’s Federal Insurance Office issues a request for public comments regarding climate-related financial risk. Meanwhile, the Securities Exchange Commission’s Jaime Lizarrage outlined the commission’s efforts to ensure ESG disclosures are not misleading. At the local level, New Jersey’s Attorney General, Division of Consumer Affairs, and the Department of Environmental Protection filed a lawsuit against Exxon, Shell, Chevron, BP, ConocoPhillips, and the American Petroleum Institute for wielding false claims about climate change. In New York, Governor Kathy Hochul (D-NY) announced $13 million in funding to support water conservation projects and assist farmers. Finally, the European Parliament passed a resolution to compel European Union nations to develop a Fossil Fuel Non-Proliferation Treaty.

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