Power plant owners should be required to winterize their facilities in order to avoid a repeat of the widespread, deadly blackouts in Texas caused by Winter Storm Uri, federal grid regulators said Thursday.
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FERC Puts New Grid Regs On Table After Texas Blackouts

Power plant owners should be required to winterize their facilities in order to avoid a repeat of the widespread, deadly blackouts in Texas caused by Winter Storm Uri, federal grid regulators said Thursday.

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SEC Letter Raises Climate Reporting Bar Before Rules Drop

The U.S. Securities and Exchange Commission has begun rolling out letters nudging public companies to bolster their disclosures related to climate-related risks in SEC filings, an apparent effort to set a higher bar for business in anticipation of the agency's long-awaited rulemaking on the matter.

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White House, EPA Tout Ambitious Plans To Reduce HFCs

The U.S. Environmental Protection Agency on Thursday will finalize a rule designed to help reduce the production and consumption of hydrofluorocarbons in the U.S. by 85% over the next 15 years.

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FTC Probing HollyFrontier's $2.5B Energy Biz Buys

Petroleum company HollyFrontier Corp. and its Holly Energy Partners LP unit disclosed Wednesday that the Federal Trade Commission has initiated an in-depth investigation into their plans to buy oil and pipeline businesses from The Sinclair Cos. in a pair of deals valued at about $2.5 billion.

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Big Oil Aims To Pause Remand In Hoboken's Climate Suit

Big Oil companies and the American Petroleum Institute want a New Jersey federal court to pump the brakes on its order remanding the city of Hoboken's suit seeking climate change costs to state court to allow for a Third Circuit appeal.

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Texas Law Firm Wants Claims Against Insurer Reheard

Ryan Law Firm LLP says a Texas federal court erred when tossing bad faith claims it brought against an insurer for failing to cover a legal malpractice settlement, telling the court the decision dismissed a claim that wasn't even contested.

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Calif. Tells 9th Circ. Federal Dam Not Allowed To Hurt Trout

California has asked the Ninth Circuit to revive a suit aimed at securing more water releases from a dam near Santa Maria for a protected trout's benefit, telling the court in an amicus brief that the dam's authorization doesn't just allow for species conservation, it requires it.

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Biogas Producer Pays $1.1M To Settle Excess Flaring Suit

A biogas producer in Nebraska on Thursday agreed to pay $1.1 million in civil penalties to put to rest allegations that it violated the Clean Air Act and other environmental laws by unlawfully releasing gas from the facility.

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V&E Steers Climate-Focused Blank-Check Firm's $200M IPO

Private-equity-backed blank-check firm Live Oak Crestview Climate Acquisition Corp. went public Thursday after pricing a $200 million initial public offering, steered by Vinson & Elkins LLP and underwriters counsel White & Case LLP, hoping to acquire a sustainability-focused business.

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Trade Court Orders Redo On Korean Steel Tariffs

The U.S. Court of International Trade ordered the U.S. Department of Commerce to recalculate anti-dumping tariffs on Korean steel pipes and tubes, saying Thursday the department bungled the calculations by finding that a "particular market situation" called for higher tariffs.

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Amid Hiring Boom, McDermott Adds 6 Transactions Partners

McDermott Will & Emery LLP continues to grow its transactions group across the United States, announcing Thursday a six-lawyer partner pickup in several major cities.

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The Difficult Art Of Advertising Carbon Reductions

Advertising carbon emission reductions allows businesses to show their commitment to addressing climate change, but such claims can open companies to legal risk — so it is crucial to accurately quantify the emissions, and verify carbon offsets before purchasing them, say Linda Goldstein and Randal Shaheen at BakerHostetler.

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Ex-Dechert Atty Defends His 'Professional' Probe For ENRC

Neil Gerrard's "dogged" efforts to probe serious allegations of fraud within Eurasian Natural Resources Corp. reflects his professionalism and determination to do his job despite stubborn resistance from the mining company, counsel for the former Dechert partner told a trial Friday.

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Beltway Moves: T-Mobile, DLA Piper, Mayer Brown

There was no shortage of moves in the Washington, D.C., legal scene in the latter weeks of September. Lawyers formerly with the U.S. Department of Justice and the U.S. Environmental Protection Agency landed at Jones Day and Covington & Burling LLP, respectively.

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