Trio’s Post

Take a look at this 2-page summary, written by Trio’s policy team, explaining how the Supreme Court’s recent decision to overturn the Chevron Doctrine may impact energy in the US.

The U.S. Supreme Court will hear oral arguments January 17 in a pair of cases that are poised to capsize the so-called Chevron Deference, a 40-year-old legal doctrine that provides a key foundation for modern administrative law. In today’s blog, we’ll explain what the Chevron Deference is, why it’s worth knowing about, how it applies to two cases that could alter its application, and how a ruling that limits or eliminates its usage could transform energy industry regulation. https://lnkd.in/gffB9jsV

That the Supreme Court overturned the Chevron Deference, a key foundation of modern administrative law for 40 years, was no surprise. But while this is a landmark case that curbs the government’s regulatory authority and would be expected to lead to a host of new legal challenges, its practical effect might end up being more nuanced. In today’s blog, we revisit the Chevron Deference, why the Court said it had to go, and what it might mean for regulations impacting the energy industry. https://lnkd.in/gMMgkS7s

Recent challenges to the Chevron doctrine (which states that courts should defer to a federal agency’s interpretation of an ambiguous statute as long as that interpretation is reasonable), including one the Supreme Court recently agreed to hear, may put the doctrine in a precarious state. In our latest Energy and Environmental Trends Watch post, my colleague Jane Thomas looks at the case and why it could be the one to change things. #chevrondoctrine #energylaw #scotus #supremecourt

🚨🚨 @Canary Media Inc. reports on the potentially devastating effects of the ⚖️ Supreme Court’s decision to overturn the Chevron doctrine two weeks ago. In a nutshell, the Chevron doctrine emphasized that courts should defer to government agencies if a rule or regulation is unclear because the agencies have much more expertise in subject matters than the judges. The Court’s 6-3 ruling on June 28 eliminates this doctrine completely. So now, the anti-renewable energy crowd is preparing lawsuits going after rulings by the US Environmental Protection Agency (EPA), the Federal Energy Regulatory Commission and the U.S. Department of the Treasury, all of which have regulations and rules that affect the ☀️ #solar industry and other #cleanenergy industries as well. Jeff St. John has all the details. Read it and let me know what you think in the comments. https://lnkd.in/eTxKNqJb #Deliveringacleanenergyfuture #commercialsolar #communitysolar

News analysis on NewsinEnglish.no: Norway’s Labour-Center government is appealing a recent court ruling that it failed to comply with an earlier Supreme Court decision, which demands climate impact assessments for new offshore oil and gas fields. No such reports were prepared for three new fields, one of which is already producing more oil and gas, but the Norwegian government is appealing anyway in what appears to be another example of what one legal expert has called “the arrogant state.” #Norway #government #courts

ANALYSIS: VP Harris's environmental and energy policy positions could have significant implications for the oil and gas industry. Known for her stringent stance against the fossil fuel sector, her potential presidency may introduce profound regulatory changes. Kamala Harris's Track Record and Policy Proposals: 1.  Fracking and Offshore Drilling: • 2019: Harris called for a nationwide ban on fracking, highlighting its environmental risks. • As California AG: Challenged federal permitting for fracking in Pacific waters & to limit offshore oil development. 2.  Environmental Lawsuits: • 2016: Sued Southern California Gas Co. over methane leaks from the Aliso Canyon storage site. • 2016: Secured $14 million settlement with BP subsidiaries for failing to prevent gasoline leaks from underground storage tanks at nearly 800 stations in California. • Other Legal Actions: Obtained multimillion-dollar settlements with Phillips 66, ConocoPhillips, Chevron USA, and Chevron Stations Inc. for environmental infractions. 3.  Climate Legislation and Advocacy: • Presidential Campaign 2019: Proposed a "climate pollution fee" targeting emissions "as far upstream as possible." • Senate Career: Co-sponsored bills promoting Green New Deal principles aiming for a radical shift to emission-free power and transport systems. • Environmental Justice: Advocated for assessing the impact of legislative and regulatory actions on disadvantaged communities, emphasizing the need to mitigate pollution in these areas. >> Potential Impact on the Oil and Gas Industry: • Regulatory Changes: Harris's presidency is likely to enforce stringent environmental regulations, increasing compliance costs and operational restrictions for O&G companies. • Litigation Risks: Her focus on holding polluters accountable, could translate into heightened legal risks for fossil fuel companies, including potential new lawsuits from the DOJ. • Market Shifts: Advocacy for renewable energy and environmental taxes could accelerate the energy sector's shift away from O&G, influencing market dynamics and investment patterns. Visit CAYLER CAPITAL and our Data Room at CaylerCapital.com for more info about our Systematic-Fundamental, Relative-Value, uncorrelated Oil / Products program.   #oil #hedgefunds #investing #commodities #trading #harris #biden   Trading commodity futures & options is speculative, involves risk, & is not suitable for all investors. The Cayler Capital Energy Program is only available to Qualified Eligible Persons (“QEP”), as defined by CFTC regulation 4.7. This is NOT an offer or solicitation.

With #SCOTUS gutting the executive's ability to effectuate legislatively authorized energy and environmental policy by overturning Chevron deference (see Loper Bright) and opening longstanding agency rules to perpetual challenge (see Corner Post), uncertainty over energy and climate policy at the Federal level may be a feature of the commercial landscape for the foreseeable future (great reporting as usual from Canary Media Inc.). So much as it ever was, it will be up to the states to lead the #cleanenergy transition - specifically, policies supporting distribution level #solar and #batterystorage assets are squarely within the states' domain. To take just one example, the California Public Utilities Commission can still do the right thing for customers by creating a durable #communitysolar policy - one that values hybrid assets' grid contributions and fast-tracks their interconnection, without Federal funding. This is achievable, and will save money for customers while supporting the grid. It's time for the states to lead!

ANALYSIS: VP Harris's environmental and energy policy positions could have significant implications for the oil and gas industry. Known for her stringent stance against the fossil fuel sector, her potential presidency may introduce profound regulatory changes. Kamala Harris's Track Record and Policy Proposals: 1.  Fracking and Offshore Drilling: • 2019: Harris called for a nationwide ban on fracking, highlighting its environmental risks. • As California AG: Challenged federal permitting for fracking in Pacific waters & to limit offshore oil development. 2.  Environmental Lawsuits: • 2016: Sued Southern California Gas Co. over methane leaks from the Aliso Canyon storage site. • 2016: Secured $14 million settlement with BP subsidiaries for failing to prevent gasoline leaks from underground storage tanks at nearly 800 stations in California. • Other Legal Actions: Obtained multimillion-dollar settlements with Phillips 66, ConocoPhillips, Chevron USA, and Chevron Stations Inc. for environmental infractions. 3.  Climate Legislation and Advocacy: • Presidential Campaign 2019: Proposed a "climate pollution fee" targeting emissions "as far upstream as possible." • Senate Career: Co-sponsored bills promoting Green New Deal principles aiming for a radical shift to emission-free power and transport systems. • Environmental Justice: Advocated for assessing the impact of legislative and regulatory actions on disadvantaged communities, emphasizing the need to mitigate pollution in these areas. >> Potential Impact on the Oil and Gas Industry: • Regulatory Changes: Harris's presidency is likely to enforce stringent environmental regulations, increasing compliance costs and operational restrictions for O&G companies. • Litigation Risks: Her focus on holding polluters accountable, could translate into heightened legal risks for fossil fuel companies, including potential new lawsuits from the DOJ. • Market Shifts: Advocacy for renewable energy and environmental taxes could accelerate the energy sector's shift away from O&G, influencing market dynamics and investment patterns. Visit CAYLER CAPITAL and our Data Room at CaylerCapital.com for more info about our Systematic-Fundamental, Relative-Value, uncorrelated Oil / Products program.   #oil #hedgefunds #investing #commodities #trading #harris #biden   Trading commodity futures & options is speculative, involves risk, & is not suitable for all investors. The Cayler Capital Energy Program is only available to Qualified Eligible Persons (“QEP”), as defined by CFTC regulation 4.7. This is NOT an offer or solicitation.

News analysis on NewsinEnglish.no: Norway’s Labour-Center government is appealing a recent court ruling that it failed to comply with an earlier Supreme Court decision, which demands climate impact assessments for new offshore oil and gas fields. No such reports were prepared for three new fields, one of which is already producing more oil and gas, but the Norwegian government is appealing anyway in what appears to be another example of what one legal expert has called “the arrogant state.” #Norway #offshore #courts