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On December 16, 2020, the SEC passed a new rule which will require publicly traded companies operating in the oil and gas industries to disclose payments that they make to foreign governments.

Government Investigations Update

December 21, 2020
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As discussed in these two previous posts, EPA recently released two rules changing the volatile organic compound (“VOC”) and methane emissions requirements for new sources in the oil and gas sector, which alter or roll back some of the requirements put in place under the Obama administration (“Methane Rule”).

September 21, 2020
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As discussed in this previous post, the federal government’s regulation of methane for the oil and gas industry — both from the Department of Interior on public land, and from EPA — continues to swing back and forth due to shifting agency positions in different administrations and lawsuits challenging those shifts.

September 2, 2020
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As discussed in this previous post, the federal government’s regulation of methane for the oil and gas industry — both from the Department of Interior on public land, and from EPA — continues to swing back and forth due to shifting agency positions in different administrations and lawsuits challenging those shifts.

August 28, 2020
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Methane gas has been the subject of yo-yoing regulation—and regulatory roll-backs—over the past few years.

July 30, 2020
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On Friday April 17, 2020, the New Mexico State Land Office (“NMSLO”) held a virtual public hearing on its proposed amendment to the previously expired Section 19.2.100.71 of the New Mexico Administrative Code (the “Proposed Rule”), which would allow qualifying lessees of New Mexico state oil and gas leases to temporarily suspend production for up to two years without losing their leases.

April 20, 2020
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Last week, the EPA announced two significant settlements for violations of the Clean Air Act relating to emissions of volatile organic compounds (“VOCs”) from upstream oil and gas production facilities…

January 28, 2020
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In a case that has been widely watched, on Tuesday December 10, ExxonMobil got good news in the climate change disclosure lawsuit brought against it by the New York Attorney General.

January 15, 2020
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On 14 November 2019, the Board of Directors of the European Investment Bank (“EIB”), the world’s largest multilateral bank, adopted a new Energy Lending Policy (the “Policy”), which aims to end EIB…

January 7, 2020
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On December 19, the U.S. Environmental Protection Agency (EPA) opened a limited-time opportunity for existing owners of upstream oil and gas facilities to discover, correct, and self-disclose…

December 23, 2019
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The office of New York Attorney General Letitia James filed a complaint against ExxonMobil (“Exxon”) in October 2018 in New York state court. The case alleges a violation of New York’s Martin Act…

November 18, 2019
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Making good on President Trump’s promise to corn-growing farmers, on October 28, 2019, the U.S. Environmental Protection Agency (EPA) published a supplemental notice of proposed rulemaking…

November 4, 2019