Energy

Judge Deliberates as Energy Giants Face Major Climate Liability Suit in D.C. Court

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WASHINGTON — A legal battle is unfolding in the nation’s capital where major energy corporations, including Chevron, are being challenged over their alleged role in climate change damages. During a recent hearing, D.C. Superior Court Judge Yvonne Williams scrutinized arguments regarding whether the case should proceed or be dismissed. The lawsuit is part of a broader wave of legal actions across the United States targeting oil and gas giants such as Exxon Mobil, Shell, and BP. These cases argue that these companies should be financially liable for the environmental consequences attributed to their emissions. Judge … Read more

EU Investors Granted Leading Role in Securities Fraud Lawsuit Against enCore Energy Corp.

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Investors in the European Union are eligible to lead a class-action lawsuit against enCore Energy Corp., a prominent player in the uranium extraction and production industry. The lawsuit arises from allegations of securities fraud connected to potentially misleading information that impacted the company’s stock performance. The legal action centers around accusations that enCore provided misinformation about its business operations and financial status, possibly leading to inflated stock prices. Those affected purchased shares between December 1, 2021, and September 29, 2022. The claims suggest the company failed to disclose operational and financial challenges, which was crucial … Read more

Mexican Government Introduces Transformative Legislation to Overhaul Energy Sector Regulation

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Mexico City, Mexico – The Mexican government has recently put forth a legislative proposal aimed at tightening regulations over the country’s energy sector. This move could reshape the power market, impacting both domestic and foreign investment frameworks. The bill, championed by President Andrés Manuel López Obrador, seeks to strengthen the state’s control over the industry, primarily favoring the state-owned Federal Electricity Commission (CFE) over private competitors. The legislative proposal arrives amidst broader ambitions by the administration to return the Mexican energy sector to a more nationalistic model, reminiscent of the era before the extensive reforms … Read more

China Enacts Comprehensive Energy Law to Propel Carbon Neutrality Ambitions and Strengthen Energy Security by 2025

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Beijing, China — After an extensive legislative process that began over a decade and a half ago, China’s comprehensive Energy Law was finally ratified on November 8, 2024. Initially drafted by the Office of the National Energy Leading Group in 2007 and undergoing multiple revisions, the law seeks to address and consolidate regulations across various energy sectors, signifying a major step towards achieving the country’s ambitious energy and environmental goals. China’s journey towards a sustainable energy policy gained significant momentum as the National Energy Administration (NEA) welcomed public feedback on an early draft in 2020. … Read more