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Louisiana Senator Proposes Statutory Framework Governing Rights and Obligations of Parties to Renewable Energy Leases

The Energy Law

The Louisiana Legislature’s 2023 Regular Session begins on April 10th, and last Friday, Louisiana Senator Allain of District 21 filed SB 154 proposing to enact a statutory framework directly governing the rights and obligations of parties to renewable energy leases. 122); The lessee of a renewable energy lease would be “bound to.

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Louisiana Supreme Court holds that payment of mineral royalties judgment against LDNR is a matter of legislative discretion, reversing grant of mandamus

The Energy Law

A “ministerial duty” is one in which the public officer has no discretion, which the Court also described as “a simple, definite duty, arising under conditions admitted or proved to exist, and imposed by law.” State of Louisiana through the Department of Natural Resources , 22-0625 (La. 1/1/23), So.

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SEC Expands Investor Classes for Unregistered Securities Transactions

The Energy Law

Securities and Exchange Commission adopted final rules that amend the definitions of “accredited investor” and “qualified institutional buyer” which are central to classifying investors that may participate in private offerings and investments under federal securities laws. Yesterday the U.S.

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Congressional Expansion of CCF Program

The Energy Law

Specifically, Section 3544 of the Act expands the definition of “Qualified Agreement Vessels” to include all vessels engaged in the foreign or domestic trade of the United States. Several years ago, the definition of Qualified Agreement Vessels was expanded to include the short sea transportation trade.

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Latest Version of Louisiana Property Protection Bill Grants an Exception to Oil and Gas Investment By Companies Controlled By Countries Deemed a “Foreign Adversary”

The Energy Law

The bill ties the definition of “foreign adversaries” to 15 CFR 7.4(a), As of June 7, 2023, a bill aiming to prohibit entities controlled by “foreign adversaries” from buying, leasing, or otherwise acquiring immovable property in the state has passed both the Louisiana House and Senate and is now awaiting the Governor’s approval.

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FinCEN Seeking Comments on New Beneficial Owner Reporting Requirements

The Energy Law

The ANPRM seeks to better develop these definitions for the final regulations. The ANPRM seeks comments on how “other similar entities” should be interpreted and which qualifications should factor into the definition. The CTA contains many enumerated exceptions. The CTA contains many enumerated exceptions.

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U.S. Supreme Court To Review Scope of Appellate Review for Federal Officer Removal in Climate Change Litigation

The Energy Law

By granting the petition, the Supreme Court has agreed to review the Fourth Circuit Court of Appeals’ decision remanding the suit to state court after rejecting the energy companies’ contention that they were acting as federal officers pursuant to historical contracts with the federal government.

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