Renewable Energy Tax Incentives – Potential Clues To An Uncertain Future

BACKGROUND After President Obama was sworn into office, the renewable energy industry saw a boom in temporary tax incentives with the passage of the American Recovery and Reinvestment Tax Act of 2009. Almost 8 years later, the fate of renewable energy tax incentives under the Trump administration is uncertain. Trump’s transition team, his advisors, and President-Elect Trump have given mixed signals on their views on tax incentives for renewable energy. While some advisors have indicated that the credits will remain in place, others have called for a full repeal. Trump himself has reportedly...

Strategies to Survive and Thrive in a Low Oil Price Environment

Adapting business strategies to navigate a prolonged period of lower oil and gas prices is a challenge that many companies throughout the Middle East and wider world are currently facing up to. While surviving such a volatile commodity cycle is the main priority for some, other corporates are using sub $50 a barrel oil as an opportunity to innovate and recalibrate their businesses. This was certainly the key takeaway from the recently held Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), where the overall mood amongst major companies at the industry symposium was upbeat...

EPA Seeks to Require Natural Gas Processing Facilities to Annually Report Emissions to National Database; A Classic Example of Sue and Settle

If the current EPA has its way, natural gas processing facilities will soon be required to report release and waste management data in accordance with Section 313 of the Emergency Planning and Community Right-to-Know Act (EPCRA), otherwise known as the Toxics Release Inventory (TRI). On January 6, 2017, EPA published in the federal register a proposal to add natural gas processors to the list of industries that are subject to TRI annual reporting. EPA’s decision arose out of an Administrative Procedure Act (APA) petition filed by an environmental group in 2012 and is a classic example of the...

Down to the Wire, the U.S. Army Corps of Engineers Reissues Nationwide Permits

On January 6, 2017, the U.S. Army Corps of Engineers (“Corps”) published the final rule reissuing 50 nationwide permits (“NWPs”) and issuing two new NWPs. The NWPs will take effect on March 19, 2017, and will replace the existing NWPs that are set to expire on March 18, 2017 (“2012 NWPs”). States and industry groups had previously expressed concern that if the NWPs were not finalized in early January, there would be inadequate time for mandatory state coordination under Section 401 of the Clean Water Act and the coastal consistency provisions of the Coastal Zone Management Act, resulting in...

U.S. Futures Exchanges Disciplinary Actions Report - December 2016

NYMEX NYMEX 16-0530-BC Position Limits Violation of Rule 562 – Position Limit Violations. At the close of business on a single day in September 2016, a member firm held a short position which was 38.4% over the standard expiration month limit for October 2016 Henry Hub Natural Gas Futures contracts. Pursuant to a settlement offer, the member firm neither admitted nor denied the violation. $40,000 penalty. ICE 2015-114 Block Trades; Misc. Violation of Exchange Rule 4.01 - Duty to Supervise; Rule 4.02(c) – Trade Practice Violations; Rule 4.02(d) – Trade Practice Violations; Rule 4.04 – Conduct...

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