Tag Archives: ESG

Qualifying Carbon Capture and Storage under 45Q: How Biden’s Infrastructure Plan and Congressional Action May Provide a Realistic Role for CCS in Achieving Net Zero

This post is the 17th in our series, “The ABCs of the AJP.” President Biden’s American Jobs Plan (AJP) sends strong signals in support of carbon capture and sequestration as an important tool to achieve the President’s ambitious decarbonization objectives.… Continue Reading

Pioneering a Net Zero Emissions Future through Investments in Power

This blog is the sixteenth in a series, “The ABCs of the AJP.”  The American Jobs Plan (AJP) envisions moving to 100 percent carbon pollution-free power by 2035.  To do this, the Plan contemplates sweeping updates to the power sector to increase use of zero-emissions electricity and modernize the physical infrastructure to make it cleaner, … Continue Reading

New EU Restrictions on Single-Use Plastic Products to Enter into Force

As of July 3, single-use plastic products marketed in the EU/EEA must comply with the requirements and restrictions of Directive 2019/904 on the Reduction of the Impact of Certain Plastic Products on the Environment (“Single-Use Plastic Directive” –  “SUPD”).  To help Member States implement the SUPD into their national laws and apply its requirements, on … Continue Reading

Optimism Abounds for Offshore Wind

This is the fifteenth in our series on “The ABCs of the AJP.” Historically, offshore wind has made up a very small percentage of America’s total electricity generation portfolio.  The winds of change are blowing, though, as the Biden Administration’s American Jobs Plan (“AJP”), among other federal actions, signals a new commitment to harnessing this … Continue Reading

Made in America: Spurring Domestic Job Creation and Production Through Buy America Rules and Beyond

This post is the 13th in a series, “The ABCs of the AJP.” As made clear by its name, the Biden Administration intends for its “infrastructure” plan to be a jobs plan.  As is also apparent from the Administration’s proposal, it views requirements to ensure that goods are actually made in America as critical to … Continue Reading

Lines, Labor and Leveraging Capital: How the AJP Would Upgrade Transmission Infrastructure

This blog is the twelfth in our series, “The ABCs of the AJP.” Power lines, strung between high-voltage transmission towers, are etched across the American landscape. Yet the United States’ current transmission infrastructure is outdated and inefficient, plagued by bottlenecks and weak interconnections across regions, which limit the grid’s ability to integrate renewable generation and … Continue Reading

The EU Corporate Sustainability Reporting Directive Proposal: What Companies Need to Know

The European Commission has published a proposal for a Corporate Sustainability Reporting Directive (2021/0104) (“CSRD”), which forms just one part of a comprehensive package of sustainable finance measures (see our blog here).  The Commission has put forward these measures in response to demand for stronger and wider sustainability reporting standards, over and above what the … Continue Reading

Kids and a Sustainable Future

This is the eleventh in our series on the “ABCs of the AJP.” America’s kids are the beneficiaries of many of the provisions of President Biden’s Jobs Plan, and several of the proposals would benefit them and their caretakers specifically.  Children have become a focus point of discussions about climate change, because absent intervention they … Continue Reading

Infrastructure Reimagined: From Roads and Country to People and Planet

This post is the ninth in a series, “The ABCs of the AJP.” Virtually every president since Franklin D. Roosevelt has pursued a national “infrastructure” project of some kind.  From the New Deal and the Federal-Aid Highway Acts, which created today’s interstate highway, to the American Recovery and Reinvestment Act of 2009, the federal government … Continue Reading

Hastening the Hydrogen Economy

This blog is the eighth in a series, “The ABCs of the AJP.” The latest Energy Transition technology now attracting massive investment and policy attention is “green hydrogen” produced using renewable energy to separate hydrogen from water that can be used both for bulk energy storage and then used to fuel gas-fired power plants or … Continue Reading

Grid Modernization and Greenhouse Gases

This blog is the seventh in a series, “The ABCs of the AJP.” Grid Modernization and Resiliency Grid modernization and resiliency are critical and intertwined issues that only grow more important as climate change increases the frequency and severity of extreme weather events. As the Biden Administration notes in its American Jobs Plan fact sheet, … Continue Reading

Finding the Common Ground for Forests

This blog is the sixth in a series, “The ABCs of the AJP.” One of the key underpinnings of the case for climate legislation is the idea that natural and working lands will suffer without swift and meaningful action. President Biden’s American Jobs Plan (AJP) proposes to “protect and, where necessary, restore nature-based infrastructure – … Continue Reading

Ending Environmental Injustice with Infrastructure Investment

This blog is the fifth in a series, “The ABCs of the AJP.” President Biden’s American Jobs Plan (AJP) would mobilize $2.2 trillion in investment to address climate change and create jobs for Americans. According to the White House, “unlike past major investments, the plan prioritizes addressing long-standing and persistent racial injustice,” in part by … Continue Reading

The European Commission Approves the EU Criteria on Sustainable Hydrogen Activities

On April 21, 2021, the European Commission approved “in principle” a Delegated Regulation establishing the criteria under which different economic activities substantially contribute to climate change mitigation and adaptation under Regulation 2020/852 on the Establishment of a Framework to Facilitate Sustainable Investment (“Taxonomy Regulation”).  Among other things, the Delegated Regulation defines the climate mitigation and … Continue Reading

The United States’ New Nationally Determined Contribution (NDC) and the ABCs of the American Jobs Plan (AJP)

Today, on Earth Day, the United States made a bold move to resume international leadership on climate change by announcing the United States’ new target to achieve a 50 to 52 percent reduction in economy-wide greenhouse gas pollution from 2005 levels by 2030.  The President announced the target on the first day of the Leaders … Continue Reading

Upcoming EU Environmental and Human Rights Supply Chain Due Diligence Requirements for Rechargeable Industrial Batteries and E-Vehicle Batteries

In December 2020, the European Commission presented a proposal for a new Regulation on Batteries and Waste Batteries (see Covington’s webinar on the proposal).  The proposed Regulation seeks to achieve the objectives set out in the European Green Deal and subsequent strategies, such as the transition to a carbon neutral and circular economy and the … Continue Reading

ESG in the Energy Sector

Like many companies in other sectors, oil and gas companies are increasingly confronted with the need to address Environmental, Social and Governance (“ESG”) imperatives in their businesses.  Traditionally viewed as ‘license to operate’ issues—effectively ensuring that companies continued to have ‘social permission’ to operate—these considerations have assumed an ever-greater importance as companies face both an … Continue Reading

Canada Given Green Light to Carbon Pricing: The Supreme Court of Canada Upholds the Greenhouse Gas Pollution Pricing Act

On March 25, 2021, the Supreme Court of Canada upheld the Greenhouse Gas Pollution Pricing Act (“GGPPA”), which establishes a national pricing benchmark for greenhouse gas (“GHG”) emissions. Reference re Greenhouse Gas Pollution Pricing Act, case numbers 38663, 38781, and 39116. Several provinces challenged the law, arguing that it was unconstitutional and that it imposed … Continue Reading

FERC Assesses Impact of Pipeline Project’s GHG Emissions On Climate Change

The Federal Energy Regulatory Commission (FERC) has for the first time ruled on whether the greenhouse gases (GHG) emitted during the construction and operation of a proposed natural gas pipeline has a significant impact on climate change in determining whether to authorize a project as consistent with public convenience and necessity under Section 7 of … Continue Reading

Covington Experts Discuss Decarbonization Strategies in the EU and US at a Leading Global Sustainable Technology Conference

In October 2020, Covington public policy experts Sebastian Vos and Gary Guzy were invited to the 2020 CleanEquity Monaco sustainable technology conference to discuss the policy outlook in the EU and US, and likely impacts on efforts to decarbonize carbon-intensive sectors of the economy. The event was presented globally on EarthX TV.  Covington’s London-based emerging … Continue Reading

Will the SEC Offer Hope for Clear, Uniform Sustainability Disclosure Standards?

On May 21, in an open virtual meeting the SEC’s 23-member Investor Advisory Committee debated and endorsed the Investor as Owner Subcommittee’s long-awaited recommendations that the Commission begin in earnest an effort to update the reporting requirements of Issuers to include material, decision-useful, environmental, social and governance (ESG) factors.  That same day, BlackRock shareholders debated … Continue Reading
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