Law firm Babst Calland published its 13th annual energy industry report: The 2023 Babst Calland Report – Legal & Regulatory Perspectives for the Energy Industry. The Report provides insights on some of the most critical issues facing the industry. This edition of The Babst Calland Report also features a special video briefing from U.S. Senator Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources, who is at the forefront on federal energy policy.

The U.S. energy sector remains as dynamic as ever. New energy policies and legislation are changing the regulatory landscape and affecting all parts of the energy value chain. It is more important than ever for energy executives and their counsel to stay on top of federal, state, and local regulatory developments, legal risks, and the related business implications.

Hydrogen and Carbon Capture and Storage (CCS) have recently emerged as two tools for reducing the carbon intensity of the economy. Congress passed two key pieces of legislation that provide, among many provisions, incentives to foster both technologies: the 2021 Infrastructure Investment and Jobs Act (IIJA), and the 2022 Inflation Reduction Act (IRA). Together, these laws provide billions in funding for research and development and financial incentives in the form of tax credits, grants and loans for the deployment of hydrogen and CCS technologies. There remain, however, several questions concerning the regulatory frameworks for these technologies and the practical hurdles that must be overcome to get projects built.

In this video, Babst Calland Attorneys Sean McGovern, shareholder in the firm’s Pittsburgh, Pa. office and Jim Curry, managing shareholder in the Washington, D.C. office, further the discussion on some of the latest legal and regulatory developments on Hydrogen and CCS, one of the key highlights of this year’s energy industry report, and the recent announcement of the Department of Energy’s investment in a hydrogen economy in the United States.

To view The 2023 Babst Calland Report, click here.