Carbon capture technology
Many countries and corporations view carbon capture, utilization and storage as one of the main technologies available to mitigate greenhouse gas (GHG) emissions from extensive use of fossil fuels. Investment into carbon capture technologies is growing rapidly as is government support around the world. Utilizing depleted oil and gas fields that are proven traps to permanently sequester CO2 and other GHGs is also increasing.
We have been at the forefront of thinking on Carbon Capture and Storage (CCS) and Carbon Capture, Utilization, and Storage (CCUS) for over a decade, having advised on a number of early CCS demonstration projects in Canada, Australia and the UK.
Our global team brings our carbon market and environmental lawyers who are knowledgeable on the relevant Conventions such as UNCLOS, together with our leaders in project finance, offshore oil and gas, pipelines, and mineral and water rights to help clients develop and finance carbon capture projects across the globe.
Alberta Carbon Trunk Line Project Canada
Financial Services Regulatory Developments in ESG
ESG is high on the regulatory agenda. Businesses, governments, regulators, financial services firms and individuals all have a part to play in tackling climate change and this view is increasingly shared across society.
A Boost to Integrity in the Voluntary Carbon Market
The Integrity Council for the Voluntary Carbon Market launches the Core Carbon Principles for the Voluntary Carbon Market
EU scales up green subsidies: How to benefit from support for clean investments
On March 9, 2023, the European Commission (EC) adopted changes to its State aid framework to support its “Green Deal Industrial Plan for the Net-Zero Age” (the Net Zero Plan) presented in February 2023. The Net Zero Plan is part of the European Green Deal, which aims to make Europe the world’s first climate-neutral continent by 2050.
Banco Santander, S.A. advised on US$22.3m ECA-backed financing
Norton Rose Fulbright represented Banco Santander, S.A. in the closing of a US$22.3 million ECA-backed loan to Brazilian utility company Eletronuclear.
Energy Transition Services
We are committed to helping our clients evolve and thrive as the world changes and would be delighted to discuss how we can help you.