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On February 19, 2025, the Council on Environmental Quality (“CEQ”) released a pre-publication version of an interim final rule (the “Interim Rule”) to rescind all of CEQ’s previous and current regulations implementing the National Environmental Policy Act (“NEPA”) alongside a memorandum (the “Memo”) to federal agencies providing guidance on how agencies should revise their individual NEPA regulations and how they should manage NEPA reviews in the meantime.
V&E Environmental Update
For more than twenty years, the North American Free Trade Agreement (“NAFTA”), and later, the United States‑Mexico-Canada Agreement (“USMCA”), have facilitated cross-border trade and investment among the United States, Mexico, and Canada through the elimination of virtually all financial barriers to trade.
V&E Energy Update
Published by Energy Intelligence and Hart Energy, March 2025
After little more than a week in office, there is still plenty of speculation, but priorities of the Trump 2.0 Administration are becoming more concrete.
V&E Energy Update
In 2016, a new play called Hamilton was dominating Broadway, Pokémon Go was all the rage, and the Summer Olympics were held in Rio.
V&E Energy Update
On December 17, 2024, the Office of Fossil and Carbon Management of the Department of Energy (“DOE”) released the long-awaited Liquefied Natural Gas (“LNG”) Export Study (“Study”). The Study was released 11 months after the Biden administration paused pending decisions to export LNG to non-Free Trade Agreement (“FTA”) countries on January 26, 2024.
V&E Environmental Update
The Federal Energy Regulatory Commission’s (“FERC” or “Commission”) Office of Enforcement (“Enforcement”) continues to focus on enforcing its duty of candor rules, with a recent action resulting in a $6.6 million civil penalty and a requirement to file at least one compliance monitoring report to settle alleged violations of 18 C.F.R. § 35.41(b) of the Commission’s regulations.
V&E Energy Update
The International Court of Justice has been asked to issue an advisory opinion on this question, and is currently hearing submissions from States, NGOs and international organisations.
In an Enforcement Notice released on December 5, 2024, the California Air Resources Board (“CARB”) announced that it will not take enforcement action against companies subject to California’s Climate Corporate Data Accountability Act (“CCDAA”) for inaccurate or incomplete reporting of Scope 1 and 2 greenhouse gas (“GHG”) emissions for the first reports due in 2026, covering the reporting entity’s prior fiscal year.
V&E ESG Update
The United Kingdom has become the first county in Europe to invest in the next generation of nuclear fuel, promising to award £196 million to Urenco’s Capenhurst site in northwest England to support production of up to 10 tonnes of high-assay low enriched uranium (“HALEU”) per year.
V&E Energy Update
With the commitment of no less than 22 countries at COP 28 to triple global nuclear power capacity by 2050, and the UK government’s announcement in its Spring Budget that it would buy two sites for two new nuclear power plants (“NPPs”), it appears that nuclear energy sites will become a familiar part of our landscape, not just in the UK but globally.
V&E Energy Update