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On October 23, 2025, Department of Energy Secretary Chris Wright, relying on his authority under Section 403 of the Department of Energy Organization Act, directed the Federal Energy Regulatory Commission (the “Commission” or “FERC”) to consider an Advance Notice of Proposed Rulemaking (“ANOPR”) and initiate rulemaking procedures to address potential reforms to “ensure the timely and orderly interconnection of large loads to the transmission system.”
V&E Energy Update
While nuclear energy is currently being championed for its low-carbon electricity generation and energy security, the construction of facilities to provide such energy is no easy feat. From regulatory hurdles to technical complexities, navigating the construction phase of nuclear power plants demands careful consideration and proactive risk management. The average nuclear power plant (“NPP”) has a construction cost overrun of 102.5% and projects that commenced construction between 2010 and 2020 were delivered an average of three years late.
A federal district court in Louisiana has rejected as unlawful President Joe Biden’s withdrawal in early January 2025 of historically large portions of the Outer Continental Shelf (“OCS”) from eligibility for leasing of oil and natural gas.
V&E Environmental Update
An oil major (“the Company”) filed suit in federal court on October 24, 2025, challenging California’s Climate Laws — the Climate Corporate Data Accountability Act (“SB 253”) and the Climate-Related Financial Risk Act (“SB 261”) — on the basis that the laws violate the Company’s First Amendment rights.
V&E Governance and Sustainability Update
In a potential watershed moment that could reverberate across companies that have set climate goals or made claims regarding climate ambitions (e.g., “net zero” or carbon neutrality), on October 23, 2025, a European oil major (the “Company”) was handed a potentially significant greenwashing ruling by the Paris Judicial Court (the “Court”), which found the Company’s claims about its role in the energy transition and its net zero ambitions were likely to mislead consumers.
V&E Governance and Sustainability Update
From October 14–17, 2025, the Marine Environment Protection Committee (“MEPC”) of the International Maritime Organization (“IMO”) convened an extraordinary session in London to consider formal adoption of draft amendments to Annex VI of the International Convention for the Prevention of Pollution from Ships, including the IMO Net-Zero Framework.
V&E Environmental Update
In the headlines today, it is common to see announcements about activist campaigns or activists taking equity positions in public companies.
Published by Harvard Law School Forum on Corporate Governance
V&E Shareholder Engagement Update
On October 16, 2025, New York Governor Kathy Hochul signed Senate Bill S7882 into law, adding Section 340‑b to the New York General Business Law.
V&E Antitrust Update