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Project Finance
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March 10, 2023
Fed. Office Touts Updated Historic Preservation Guidance
New guidance meant to help federal agencies satisfy their obligations under the National Historic Preservation Act puts a greater focus on protecting sites and artifacts that are meaningful to communities of color, according to the head of a federal office that crafted the advice.
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March 10, 2023
Judge Says Group's Offshore Wind Plan Challenge Is Unripe
An advocacy group's challenge of the Biden administration's plans for wind energy development off the coast of New York and New Jersey has been thrown out by a D.C. federal judge who said it is unripe because the government has authorized no real activity that could harm wildlife at this point.
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March 10, 2023
Cobalt Investors Say Insurers Can't Escape $220M Settlement
Investors in now-bankrupt Cobalt International Energy Inc. told the Texas Supreme Court that a group of insurers must face their lawsuit seeking to recover a $220 million securities class action settlement they negotiated with Cobalt.
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March 10, 2023
FCC Plans More Targeted Outreach For Broadband Subsidy
The Federal Communications Commission plans to create a targeted outreach campaign to sign up more people for the Affordable Connectivity Program under a proposal the agency's leadership circulated Friday.
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March 10, 2023
Enviro Groups Want Early Win In Oil & Gas Leasing Suit
A coalition of environmental groups is pressing a D.C. federal judge to invalidate more than 150 leases for oil and natural gas production that the Biden administration issued last year, saying regulators should have reported their cumulative impact on greenhouse gas emissions.
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March 10, 2023
Manchin Blocks Interior Nominee, Escalating Split With Biden
Sen. Joe Manchin (D-W.Va.) on Friday said he won't act on President Joe Biden's pick to lead the Department of Interior's land and minerals operations, part of a broadside he delivered at the White House's recent energy and climate change policy moves.
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March 10, 2023
14 States Argue For Federal Jurisdiction Over DC Climate Suit
The U.S. Chamber of Commerce and a coalition of states including Georgia and Texas urged the D.C. Circuit to reverse a lower court's remand of a climate change lawsuit lodged by Washington, D.C., backing global oil giants' argument that federal law alone should govern the claims.
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March 10, 2023
As Biden Nominee Falls Short, FCC Watchers Ask: What Now?
Gigi Sohn's decision to drop her long-embattled bid to fill a seat on the Federal Communications Commission could leave the FCC evenly divided by party through the 2024 elections, further stalling the Democrats' priorities.
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March 09, 2023
Angola Decries New Suit Over Nixed $1.1B Power Plant
Angola on Wednesday urged a D.C. federal court to toss Aenergy SA's lawsuit over a cancelled $1.1 billion power plant project, saying the Portuguese energy company already lost litigation filed in New York over the same claim and that its "continued brazen forum shopping" must stop.
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March 09, 2023
Foreign Tech Bill Hones Commerce's Growing Nat. Sec. Role
New legislation to empower the White House to root out subversive foreign technology is designed to address impediments built into existing laws, and may offer a backup review mechanism for apps, like TikTok, that are already under scrutiny.
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March 09, 2023
9th Circ. Upholds San Francisco Political Ad Disclaimer Law
San Francisco's requirement that all political advertisements list their top and secondary contributors might lightly press on the First Amendment rights of those putting out the ads, but not enough to outweigh the importance of providing voters with the information, the Ninth Circuit says.
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March 09, 2023
Biden Budget Would Boost EPA Funding By 19%
The White House on Thursday proposed a 19% budget increase for the U.S. Environmental Protection Agency, a boost that would pour more funding into initiatives for climate change, environmental justice, chemical regulation and replacing lead drinking waterlines.
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March 09, 2023
IRS Clarifies Tax Credit For Advanced Nuclear Plants
The Internal Revenue Service published guidance Thursday for newly built advanced nuclear power plants seeking to claim the production tax credit that was extended and restructured in the 2018 Bipartisan Budget Act.
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March 09, 2023
Senate Bill Seeks FCC Report On Broadband Supply Problems
A bipartisan group of U.S. senators has reintroduced a bill requiring the Federal Communications Commission to report to Congress on how supply chain disruptions are affecting broadband infrastructure projects.
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March 09, 2023
Kentucky Judge Bars Enviros From EPA Water Rule Suit
A Kentucky federal judge on Wednesday denied conservation groups' motion to intervene in state's and industry groups' legal challenges to the Biden administration's rule defining the scope of the Clean Water Act's jurisdiction.
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March 09, 2023
3 Wyoming Suits Over Oil And Gas Leasing Pause Combined
Three lawsuits in Wyoming federal court challenging the federal government's pause on oil and gas leasing will move forward together after a federal judge consolidated the cases — a move that an oil industry group petitioner said was "fully expected" given the suits' similarity.
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March 09, 2023
Netflix, Hulu Beat Franchise Fees Suit In Ga. Appeals Court
Local authorities in Georgia can't attempt to collect franchise fees from Netflix, Hulu, Disney and other streaming service giants under the state's Consumer Choice for Television Act, the Georgia Court of Appeals has affirmed, ending a proposed class action seeking fees backdated to 2007.
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March 09, 2023
Project Finance Group Of The Year: Kirkland
Project finance attorneys at Kirkland & Ellis LLP helped facilitate a $30 billion deal that will bring two new semiconductor chip factories to Arizona, worked on raising $2.3 billion for an offshore wind energy project and assisted buyers in a $15 billion go-private deal for a data center company, earning the firm a spot among Law360's 2022 Project Finance Groups of the Year.
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March 08, 2023
CFTC Head Signals No Rush For A Climate Change Agenda
The head of the U.S. Commodity Futures Trading Commission vowed Wednesday to wait for congressional authority before pursuing climate change initiatives directly but acknowledged the agency's role in ensuring market resilience amid extreme weather events.
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March 08, 2023
DOE Offers $6B For Industrial Decarbonization Projects
The U.S. Department of Energy on Wednesday said it is pledging $6 billion to help deploy decarbonization projects in the country's most energy-intensive industries to reduce emissions, strengthen American manufacturing and help meet the Biden administration's goal of a net-zero economy by 2050.
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March 08, 2023
FCC Commissioner Calls For Gov't Action Now Against TikTok
The Federal Communications Commission's senior Republican argues the time has come for decisive action against TikTok after years of hand-wringing across agencies over the Chinese government potentially tapping U.S. consumer data through the app.
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March 08, 2023
Petrobras Tells DC Circ. FSIA Bars Investor Fraud Suit
Petrobras is urging the D.C. Circuit to overturn a ruling that it deceived investors into financing a company formed for an oil drilling venture that collapsed after it was found to be part of a bribery scheme, arguing that the company should be immune under the Foreign Sovereign Immunities Act.
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March 08, 2023
Investors Win Order Smoothing Path To OK Of €26.5M Award
A pair of Dutch solar energy investors on Wednesday obtained an order from a D.C. federal court likely mooting a Dutch court's directive that they back off from trying to enforce a €26.5 million ($27.9 million) arbitral award against Spain or face a fine of at least €2 million.
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March 08, 2023
EPA Bolsters Power Plant Water Pollution Standards
The U.S. Environmental Protection Agency on Wednesday proposed more stringent limits on wastewater discharges of toxic metals from coal-fired power plants, in an about-face of a Trump-era rollback of standards first established in the Obama administration.
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March 08, 2023
Project Finance Group Of The Year: Covington
Covington & Burling LLP attorneys guided clients through several multibillion-dollar power and utility infrastructure projects and renewable energy investments over the past year, earning the firm a spot among Law360's 2022 Project Finance Groups of the Year.
Expert Analysis
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Enviro Exemption For NYC Housing Looks Legally Dubious
New York City Mayor Eric Adams' recently announced plan to exempt smaller residential developments from state environmental review may be a laudable attempt to expand the housing supply, but a review of applicable statutes suggests that the mayor lacks the authority to create this exemption, says Richard Leland at Akerman.
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Liquefied Natural Gas Outlook: Industry Under Pressure
While last year saw a remarkable turnaround in the liquefied natural gas market, with strong demand for U.S. LNG projects, the industry must now confront problems including increased credit and construction costs, and the possibility of fewer LNG conversions due to higher prices, say Monica Hwang and Silvia Smith at O'Melveny.
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Bid Protest Spotlight: Lessons For Joint Ventures
In this month's bid protest roundup, Alissandra McCann at MoFo examines recent decisions from the U.S. Government Accountability Office and the U.S. Court of Federal Claims of particular significance to joint ventures, concerning past performance evaluation and misrepresentation, and registration in the System for Award Management.
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Justices Leave Questions Open On Dual-Purpose Atty Advice
The U.S. Supreme Court's recent dismissal of In re: Grand Jury on grounds that certiorari was improvidently granted leaves unresolved a circuit split over the proper test for deciding when attorney-client privilege protects a lawyer's advice that has multiple purposes, say Susan Combs and Richard Kiely at Holland & Hart.
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Tips For Tapping Into New DOE Carbon Capture Funding
The U.S. Department of Energy's recent announcement of two funding opportunities for carbon capture and storage projects at industrial facilities and power plants should be good news for companies operating certain types of CO2-emitting facilities, says Pamela Wu at Morgan Lewis.
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DC Circ. Accepts FERC's Math — But High Court May Not
The D.C. Circuit's recent decision in Solar Energy Industries Association v. Federal Energy Regulatory Commission affirms the way FERC has calculated a qualifying renewable energy facility's capacity since the 1980s — but the U.S. Supreme Court might not afford FERC the same level of deference if the case is appealed, says Linda Walsh at Husch Blackwell.
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India's Budget Proposals May Ease Entry For Certain Sectors
India’s recently released budget includes proposals to facilitate doing business in Gujarat International Finance Tec-City and moderate thousands of compliance requirements, opening up new opportunities for foreign businesses in the digital infrastructure, manufacturing and renewable energy sectors, say Mukesh Butani and Seema Kejriwal at BMR Legal.
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Steps Lawyers Can Take Following Involuntary Terminations
Though lawyers can struggle to recover from involuntary terminations, it's critical that they be able to step back, review any feedback given and look for opportunities for growth, say Jessica Hernandez at JLH Coaching & Consulting and Albert Tawil at Lateral Hub.
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High Court Ax Of Atty-Client Privilege Case Deepens Split
The U.S. Supreme Court's recent dismissal of In re: Grand Jury as improvidently granted maintains a three-way circuit split on the application of attorney-client privilege to multipurpose communications, although the justices have at least shown a desire to address it, say Trey Bourn and Thomas DiStanislao at Butler Snow.
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6 Labor Compliance Questions For Infrastructure Contractors
Eric Leonard at Wiley provides a checklist to help both traditional and nontraditional government contractors identify and understand the enhanced labor and employment compliance obligations they assume by taking on a project funded under the Bipartisan Infrastructure Law.
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3 Job Satisfaction Questions For Partners Considering Moves
The post-pandemic rise in legal turnover may cause partners to ask themselves what they really want from their workplace, how they plan to grow their practice and when it's time to make a move, says Patrick Moya at Quaero Group.
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Enforcement Risks Of Carbon Offsets Are Growing
Many companies are seeking to mitigate their greenhouse gas emissions by purchasing carbon offsets — but as recent comments from regulators make clear, such transactions will face increasing scrutiny for evidence of fraud or greenwashing, say Levi McAllister and Pamela Wu at Morgan Lewis.
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4 Exercises To Quickly Build Trust On Legal Teams
High-performance legal teams can intentionally build trust through a rigorous approach, including open-ended conversations and personality assessments, to help attorneys bond fast, even if they are new to the firm or group, says Ben Sachs at the University of Virginia School of Law.
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Clean Energy Tax Credits' Wage, Apprentice Rules: Key Points
The Inflation Reduction Act's complicated prevailing wage and apprenticeship requirements for clean energy facility construction tax credits recently took effect — and the learning curve will be more difficult for taxpayers who are not already familiar with such programs, say attorneys at Shearman.
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How Biden's Climate Focus May Affect Gov't Contractors
A recent proposal to require government contractors to disclose their greenhouse gas emissions, the effect of climate change considerations on award decisions, and recent carbon initiatives emphasize the need for contractors to align with government environmental goals and examine the potential impacts on their respective market sectors, say attorneys at DLA Piper.

