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Compulsory Carbon Trading Compulsory Carbon Trading Energy white paper on Wednesday will propose Energy Performance Commitment, entails for compulsory carbon trading scheme for around 5k of largest firms 21.05.07 Financial Times, Climate Change, Emissions Trading Scheme, Environment Law

Ofgem to Probe SME Gas Deals Ofgem to Probe SME Gas Deals Ofgem is to investigate claims that British Gas has engaged in 'uncompetitive, illegal conduct' in offering small businesses better deals if they renege on contracts with other suppliers 08.05.07 Telegraph, Competition Law, Unfair Contracts, Utilities

GML Will Sue BP for Yukos Assets GML Will Sue BP for Yukos Assets GML is suing Russian Federation for $50b for 'stolen' Yukos assets, says if assets sold off, as intended, it will sue western buyers, including BP 26.03.07 Times, BP, Capital Markets, Yukos

BP Texas City Site Was Unsafe BP Texas City Site Was Unsafe US Chemical Safety Board (CSB) says BP's Texas City refinery, cost-cutting and ageing equipment contributed to explosion which killed 15 20.03.07 Telegraph, BP

Need for UK Marine Bill Need for UK Marine Bill Regulation of activities in and around inland waters, including 12-mile coastal limit, should be brought together under a single act, including planning and enforcement 15.03.07 BBC, Defra Press Release on Marine Bill, Environment Law

EU Agrees Carbon Targets EU Agrees Carbon Targets EU climate change summit has agreed to target of 20% cut in carbon emissions by 2020, no agreement on use of renewable energy sources 09.03.07 BBC, Climate Change, EU Law, Environment Law

Tesco Forced to Pay for Bad Fuel Tesco Forced to Pay for Bad Fuel Bailiffs yesterday roped off liquor section of Gloucester Tesco, enforcing order to compensate David Bond for 61 litres of contaminated diesel which caused £2300 damage to his van in 2003 07.03.07 Times, Retail Law, Supermarkets

HSE Warned Shell on Safety HSE Warned Shell on Safety Shell has been 'repeatedly' warned about safety on its North Sea platforms, latest legal notice issued as recently as last November, fears equipment not being maintained as it comes to end of its commercial use 05.03.07 Guardian, Health & Safety, Royal Dutch Shell

Ofgem to Push Service Levels Ofgem to Push Service Levels Energy regulator is to insist on minimum service levels, utilities that fail to switch on new customers within specified time could lose licence, face fines of 10% of revenue 16.02.07 Telegraph, Consumer Rights

Lack of Accountability at BP Lack of Accountability at BP Explosion at Texas City was 'waiting to happen', relations between management and workers had broken down, lack of resources, no one held accountable 18.01.07 Times, BP, Health & Safety


Changes to Renewal Obligations Changes to Renewal Obligations Following Energy Review in July, Govt has issued Consultation on the Reform of the Renewables Obligation 16.10.06 Law Now, Environment Law, Kyoto

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PwC Faces Ban From Russia PwC Faces Ban From Russia Full text of judgment of Moscow Arbitration Court suggests PwC unlikely to gain renewal of Russian practice licence in May, firm fined $645k for 2002-2004 audits of Yukos 03.04.07 Telegraph, Russia, Yukos

Court Puts Brake on Nuclear Plans Court Puts Brake on Nuclear Plans Mr Justice Sullivan agreed with Greenpeace that govt consultation on plans for new generation of nuclear power stations were a 'sham', govt unlikely to appeal but will go back through consultation, delaying white paper by three months 16.02.07 Guardian, Administrative Law, Environment Law

Last Suit for BP Texas City Settled Last Suit for BP Texas City Settled BP has settled last remaining suit from explosion at Texas City refinery in 2005, Eva Rowe lost both parents in blast, payout was 'very small fraction' of $1.2b claim, included $32m to local colleges 10.11.06 Reuters, BP, US Corporate Governance

BP Faces Fine for Jury Influence BP Faces Fine for Jury Influence BP may be fined for distributing a flyer in Texas, Judge Susan Criss says she will compare recipient list with names of potential jurors in Texas City compensation case, and levy fines for every overlap 08.11.06 Reuters, BP










CVC Funds Sell Stakes in ista CVC Funds Sell Stakes in ista Freshfields advised CVC Capital Partners in the sale of ista International, the global market leader in the area of submetering and billing of energy, water and ancillary costs, to Charterhouse Capital Partners, funds prepared in a dual track process (auction procedure and preparation of an IPO in parallel) 29.03.07 Freshfields Bruckhaus Deringer, Capital Markets, Private Equity

Essent and Nuon Merge Essent and Nuon Merge Freshfields advised Essent in agreed merger with Nuon, the new company, EssentNuon, will be among the ten largest energy companies in Europe, headquartered in Amsterdam, operating in the evolving Northwest European energy market 07.02.07 Freshfields Press Release

Bush Advisor to Be Shell Counsel Bush Advisor to Be Shell Counsel Gale Norton will be RDS general counsel in North America, based in Colorado, credited with advising Bush to open Arctic to oil exploration 05.02.07 Guardian, Environment Law, Legal People, Royal Dutch Shell

Expro + PWS Expro + PWS Freshfields Bruckhaus Deringer advised Expro International on the proposed acquisition of Power Well Services (PWS), for $674.5m on a cash-free debt-free basis 14.06.06 Freshfields Bruckhaus Deringer, Banking Law, Capital Markets


Baltic Nuclear Baltic Nuclear Freshfields Bruckhaus Deringer appointed international legal adviser for a project to build a nuclear power plant in Lithuania, representing the energy companies of Lithuania, Estonia and Latvia 11.06.06 Freshfields Bruckhaus Deringer, Utilities



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