Akin Gump Lawyers’ Article on Top U.S. Climate and Sustainability Developments Published by Reuters
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Reuters has published the article “Ten executive branch climate and sustainability developments to watch in 2022,” written by Akin Gump climate change and ESG groups co-leaders Stacey Mitchell and Kenneth Markowitz, energy partner Cynthia Mabry and public law and policy counsel Christopher Treanor. The article, which originated as an Akin Gump client alert, examines the Biden-Harris administration’s top climate and sustainability developments to watch in 2022.
Among the topics covered:
The Securities and Exchange Commission’s (SEC) long-awaited proposed rule on climate-related disclosures: “Initially, the SEC signaled that the proposed rule would be out in late 2021, but it seems that drafting the rule is presenting more challenges than anticipated, and now interested stakeholders expect the SEC to act by mid-year.”
The Environmental Protection Agency’s (EPA) commitment to reduce U.S. greenhouse gas (GHG) emissions: “[W]e anticipate that the administration in 2022 will continue to focus on coal, oil and natural gas and their ultimate disposition in the fuels used to power the economy. [Further] EPA reportedly plans to adopt a “coordinated” series of rules to decrease emissions from coal generation.”
The Department of Interior’s (DOI) historic commitments to offshore wind: “DOI recently announc[ed] a February 2022 wind auction for nearly half a million acres off the New Jersey and New York coasts. As the administration seeks to shift the country’s energy mix from fossil fuels to renewable sources, expect to see at least two more offshore wind lease sales in 2022 for areas off the California and North Carolina and South Carolina coasts.”
To read the full article, click here.
