Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | December 13, 2018
During an extraordinary session held Tuesday, Mexico’s National Hydrocarbons Commission (CNH) announced the following changes to the so-called Round 3 upstream bidding processes:
These changes were confirmed by CNH yesterday to accommodate certain requests by Mexico’s Ministry of Energy earlier this month. However, the CNH Rounds (which to date have successfully awarded more than 100 hydrocarbons exploration and extraction contracts (CEEs), including several historic Pemex farmouts) are expected to resume when Mexico’s new administration has the chance to review the bidding processes.
In that respect, President Andrés Manuel López Obrador (who just took office on December 1) recently insisted that hydrocarbon activities will continue to be a key component of Mexico’s energy strategy moving forward. According to public statements, new CNH Rounds will be called once production begins in CEEs that have been awarded in prior CNH Rounds. Pemex farmouts however, will continue in parallel.
We are closely monitoring the recent changes in the energy sector and will continue to keep our clients and friends apprised with the most relevant changes and implications in the energy sector. Feel free to reach out to us for more information.
Hernán González Estrada (Mexico City) concentrates his practice on energy, project finance, public procurement, regulatory and antitrust matters, and Dante Trevedan (Mexico City) focuses on project finance and government procurement, particularly in the energy sector.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
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International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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