The corporate environment has been turned on its head by COVID-19, as has that of the Financial Conduct Authority, which last spring saw a dip in new enforcement cases. As was the case last year, environmental, social and governance (ESG) matters are a key policy focus in the financial services sector. Here, we outline key considerations for authorised firms in 2021.
In Principle: Navigating the Post-Brexit, COVID-19 Landscape in 2021
Jan 26, 2021
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Speaking Sustainability
February 19, 2025
Wind energy projects along the coasts are facing uncertainty due to President Trump’s Presidential Memorandum1 issued on January 20, “Temporary
Withdrawal of All Areas on the Outer Continental Shelf from Offshore Wind Leasing and Review of the Federal Government’s Leasing and Permitting Practices
for Wind Projects.” This Memorandum introduces substantial policy changes that impact both onshore and offshore wind development....
Withdrawal of All Areas on the Outer Continental Shelf from Offshore Wind Leasing and Review of the Federal Government’s Leasing and Permitting Practices
for Wind Projects.” This Memorandum introduces substantial policy changes that impact both onshore and offshore wind development....
Speaking Sustainability
January 24, 2025
Beginning on Monday, there have been a flurry of executive orders from the Trump administration reversing Biden-era energy policies, emphasizing oil and
gas production, lifting the liquified natural gas (LNG) export permitting pause and withdrawing from all accords and commitments under the United Nations
Framework Convention on Climate Change (UNFCCC) including the Paris climate agreement. The orders also target electric vehicles (EVs), wind energy,
international climate aid and the use of the social cost of carbon in agency decision making. For close tracking of these orders and more to come, visit the
Akin Trump Executive Order tracker. Concurrently, President Trump’s nominees for the Department of the Interior (DOI), Department of Energy (DOE) and
Environmental Protection Agency (EPA) have each passed their initial rounds of committee confirmation votes, and now await votes before the Senate floor....
gas production, lifting the liquified natural gas (LNG) export permitting pause and withdrawing from all accords and commitments under the United Nations
Framework Convention on Climate Change (UNFCCC) including the Paris climate agreement. The orders also target electric vehicles (EVs), wind energy,
international climate aid and the use of the social cost of carbon in agency decision making. For close tracking of these orders and more to come, visit the
Akin Trump Executive Order tracker. Concurrently, President Trump’s nominees for the Department of the Interior (DOI), Department of Energy (DOE) and
Environmental Protection Agency (EPA) have each passed their initial rounds of committee confirmation votes, and now await votes before the Senate floor....
Speaking Sustainability
January 10, 2025
In the final days of his term, President Joe Biden has taken significant steps to solidify his administration’s climate legacy. The administration finalized rules for
various clean energy tax credits established under the Inflation Reduction Act. However, these rules, intended to stimulate clean energy advancements
through 2032, face opposition from Congressional Republicans, who are considering scaling back or repealing the credits through budget reconciliation....
various clean energy tax credits established under the Inflation Reduction Act. However, these rules, intended to stimulate clean energy advancements
through 2032, face opposition from Congressional Republicans, who are considering scaling back or repealing the credits through budget reconciliation....
Speaking Sustainability
December 19, 2024
The twilight hours of the Biden administration and the 118th Congress have been marked by intense legislative and regulatory activity, underscored by
President-elect Trump’s derailment of last-minute congressional budget talks, and stalled progress on energy permitting reforms....
President-elect Trump’s derailment of last-minute congressional budget talks, and stalled progress on energy permitting reforms....
Speaking Sustainability
December 11, 2024
The Biden administration’s environmental policies and the future of infrastructure projects are facing pivotal legal challenges and political shifts. The U.S.
Court of Appeals for the D.C. Circuit questioned the viability of the Environmental Protection Agency’s (EPA) 2024 power plant emissions rule, particularly its
reliance on carbon capture technology, while the 6th Circuit overturned the EPA’s rejection of Kentucky’s smog plan, which comes only three days after the
EPA issued its defense of its “good neighbor” smog control plan responding to the Supreme Court’s decision to halt its implementation in June. Meanwhile, the
Supreme Court’s handling of the first National Environmental Policy Act (NEPA) case in some time, Seven County Infrastructure Coalition v. Eagle County,
could substantially alter the scope of environmental reviews, with potential immediate implications for the oil & gas industry. These judicial reviews may be
influenced by a potential change in administration and Congress, as Trump-era officials, including Vivek Ramaswamy, advocate for scaling back NEPA regul......
Court of Appeals for the D.C. Circuit questioned the viability of the Environmental Protection Agency’s (EPA) 2024 power plant emissions rule, particularly its
reliance on carbon capture technology, while the 6th Circuit overturned the EPA’s rejection of Kentucky’s smog plan, which comes only three days after the
EPA issued its defense of its “good neighbor” smog control plan responding to the Supreme Court’s decision to halt its implementation in June. Meanwhile, the
Supreme Court’s handling of the first National Environmental Policy Act (NEPA) case in some time, Seven County Infrastructure Coalition v. Eagle County,
could substantially alter the scope of environmental reviews, with potential immediate implications for the oil & gas industry. These judicial reviews may be
influenced by a potential change in administration and Congress, as Trump-era officials, including Vivek Ramaswamy, advocate for scaling back NEPA regul......
Speaking Sustainability
October 3, 2024
NYC Climate Week included over 900 events with an estimated 100,000 participants swarming the City. While indicative of growing interest in climate action,
some note that the record turnout foreshadows a smaller presence at COP 29 in Azerbaijan....
some note that the record turnout foreshadows a smaller presence at COP 29 in Azerbaijan....
Speaking Sustainability
September 19, 2024
Recent legislative and regulatory developments reflect ongoing tensions between environmental policies and economic priorities in the U.S. energy
landscape. The House Energy and Commerce Committee’s advancement of three resolutions targeting Environmental Protection Agency (EPA) rules on
power plants, vehicle emissions and air quality standards marks a broader Republican effort to counter President Biden’s environmental agenda, though
these resolutions face likely vetoes. In contrast, House Speaker Mike Johnson has signaled openness to retaining certain green energy tax credits, reflecting a
pragmatic approach as some Republican districts benefit from these investments. Simultaneously, bipartisan efforts to boost critical mineral production, led
by Senators Hickenlooper and Tillis, aim to reduce U.S. reliance on Chinese imports, while the White House has raised tariffs on Chinese electric vehicles and
solar products, a move seen as both protective of domestic industries and potentially disruptive to supply chains. Legal battles continue, as seen in the judic......
landscape. The House Energy and Commerce Committee’s advancement of three resolutions targeting Environmental Protection Agency (EPA) rules on
power plants, vehicle emissions and air quality standards marks a broader Republican effort to counter President Biden’s environmental agenda, though
these resolutions face likely vetoes. In contrast, House Speaker Mike Johnson has signaled openness to retaining certain green energy tax credits, reflecting a
pragmatic approach as some Republican districts benefit from these investments. Simultaneously, bipartisan efforts to boost critical mineral production, led
by Senators Hickenlooper and Tillis, aim to reduce U.S. reliance on Chinese imports, while the White House has raised tariffs on Chinese electric vehicles and
solar products, a move seen as both protective of domestic industries and potentially disruptive to supply chains. Legal battles continue, as seen in the judic......
Speaking Sustainability
September 12, 2024
After a recent permitting reform bill was passed out of a Senate Committee, House Republicans took steps to draft their own permitting reform legislation.
Rep. Westerman (R- AR) held a hearing to discuss his draft bill, which most notably places limitations on the environmental permitting process for energy
projects. This comes as both parties position energy policy as a key election issue, with Vice President Harris recognizing a role for oil and gas production
during the Presidential debate in response to Republican criticism of her climate policies. Meanwhile, former President Trump vowed to pull back unspent
dollars approved for greenhouse gas reduction and energy transition projects under the Inflation Reduction Act (IRA). The IRA has already spurred significant
renewable energy investment, particularly in rural electric co-ops using the funds to replace coal generation with clean energy and battery storage....
Rep. Westerman (R- AR) held a hearing to discuss his draft bill, which most notably places limitations on the environmental permitting process for energy
projects. This comes as both parties position energy policy as a key election issue, with Vice President Harris recognizing a role for oil and gas production
during the Presidential debate in response to Republican criticism of her climate policies. Meanwhile, former President Trump vowed to pull back unspent
dollars approved for greenhouse gas reduction and energy transition projects under the Inflation Reduction Act (IRA). The IRA has already spurred significant
renewable energy investment, particularly in rural electric co-ops using the funds to replace coal generation with clean energy and battery storage....
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