18 Apr 2022
Author : InfoPro Community Manager
The Energy Sector is primed for a big year in 2022, from renewable projects to sanctions, it’s going to be wild ride.
This year has already been an active one for energy professionals—we’ve seen record-breaking figures in offshore wind auctions, a controversial new pipeline rule from the Federal Energy Regulatory Commission (FERC), unprecedented sanctions due to the invasion of Ukraine and the SEC finally released their long-awaited proposal for climate-related disclosures.
Renewables are Moving Full Steam Ahead
One of President Biden’s key initiatives is to address climate change, which he plans to do by increasing the use of renewable energy in the United States. Under his plan, the Department of the Interior and the Bureau of Ocean Energy Management (BOEM) have been actively identifying areas for offshore wind production. Earlier this year, the New York Bight area saw auction prices soar, grossing over $4 billion. In addition, auction dates have been set for an area in the Carolinas and additional areas are being reviewed in the Gulf of Mexico and on the West Coast. With a lofty goal of deploying at least 30 gigawatts of offshore wind by 2030, offshore wind will continue to lead the way in renewables.
Uncertainty Looms Large in the Traditional Sectors
Several federal actions to start 2022 have put stress on the traditional energy sector and professionals who support them. In February, FERC voted to revise the agency’s approval polices to include deeper review of proposed gas projects’ impacts on climate change and other environmental impacts, a change that will likely impact approvals. FERC recently put a pause on the new policy’s implementation to allow for additional public comment after receiving a slew of concerns from the energy sector.
The Russian invasion of Ukraine has also brought some uncertainty to the industry. Although it is early, there are likely to be impacts on the U.S. energy industry due to the sweeping sanctions put on Russia by the U.S. and European Union. The Department of the Interior has already signaled to the industry that they should be increasing production; whether this is a long-term or short-term measure, only time will tell.
With these and other actions by the SEC and other federal agencies, it is more important than ever to stay abreast of the latest changes in the industry with accurate and reliable news coverage.
Key LexisNexis resources that will Help Attorneys
Practical Guidance, now integrated in the Lexis+® experience and via the legacy Lexis® platform, delivers insightful, actionable content authored by experienced practitioners.
Practical Guidance for Energy & Utilities provides time-saving materials covering a wide range of energy topics and tasks to allow newer and seasoned energy attorneys alike to work more productively. Clear and concise practice notes provide a robust overview of each topic, richly annotated templates and clauses to jumpstart your drafting and trackers, and trends and articles to help you stay current on important issues.
Below you can see the broad range of topics and tasks included in Practical Guidance for Energy & Utilities.
Some examples of the diverse types of time-saving materials available within our Green Tech & Renewable Energy topic include:
Specialized Current Awareness: Stay Current on the Latest Energy Sector Trends and Developments
Regardless of whether you are using the Lexis+ or Lexis service, each offer a unique aggregation of current resources for energy professionals, including the exclusive, practice-specific coverage from Law360®, Mealey’s® Daily News Update–Fracking, Platts Energy Trader, as well as relevant coverage from The Wall Street Journal®, New York Times®, ALM publications and 26,000+ other news and legal news publications.
(See these recent articles from Mealey’s and Law360 discussing the recent FERC climate policy.)
Lexis+ and Lexis: Easy Access to In-Depth Analysis ff Energy and Utilities Topics
Within Lexis+ (and Lexis) you’ll find a vast collection of leading and authoritative secondary analytical materials and practice guides from Matthew Bender®, A.S. Pratt®, Getting the Deal Through® and other trusted publishers that offer insight into a number of energy topics. Top titles include Renewable Energy Law and Policy, Williams & Meyers, Oil and Gas Law, and Mealey’s Fracking Report, among many others.
To locate the collection of on-point energy related analytical sources, simply use Explore in the Lexis+ service as shown below or follow the same path in the Lexis platform. Navigate to View our Practice Centers, and select Energy and Utilities from the subsequent screen.
Then, expand the Secondary Materials menu to review titles by energy topic.
Learn more about Practical Guidance here.
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