Co-Chair; Energy, Environment & Natural Resourcesemail
Chair; Land, Environment & Natural Resourcesemail
Manatt’s Climate Change Practice harnesses the firm’s traditional strengths in environmental regulation and energy project development. Our professionals apply a sophisticated understanding of the legislative and administrative arenas in turning a complex regulatory system to a business’s competitive advantage. Headquartered in California - home to a large percentage of new green technology investments in North America - Manatt’s Climate Change Practice spans across five broad disciplines.
Interpreting and Influencing Climate Change PolicyManatt is recognized as a premier firm in government relations and policy development activities that are crucial to energy and natural resources policy development. We are advocates for clients in legislative and administrative hearings, rulemaking and regulatory proceedings, and legislative lobbying and analysis.
The passage of California’s Global Warming Solutions Act (“AB 32”) placed the state at the forefront of the debate over how to mitigate global warming. As significant is the Regional Greenhouse Gas Initiative (“RGGI”), a substantial program mounted by various states in the Northeast. Many other states are poised to join these efforts and the federal government may soon follow suit. In addition, climate regulation in the United States has created international opportunities for businesses operating across borders.
Manatt attorneys possess a depth of knowledge gained as veterans in a wide array of critical industries and influential positions in the public sector. Our attorneys have served as senior executives, general counsel and board members at companies in such industries as energy, financial services, healthcare, manufacturing, real estate and construction, and numerous other key sectors. Our perspective as lawyers, government leaders and businesspeople reflects the dynamics now driving momentum for climate change policies and regulation. The credibility and experience of our attorneys have created an impressive network of working relationships that benefit our clients.
Members of the Climate Change Practice have:
Developing Green Projects and Counseling BusinessesThe range of energy technologies being deployed to reduce or eliminate greenhouse gas emissions is expanding rapidly, encompassing not only renewable sources like wind and solar power, but also nuclear energy, hydroelectricity, clean coal technology, carbon sequestration, and numerous other alternatives, including fuels such as cellulosic ethanol and biodiesel. Our clients seek our assistance not only with project siting, but also to maximize their exploitation of complex energy- and utility-oriented regulations. Manatt has complementary experience in representing the energy industry and in siting sizable projects locally.
Climate Change Practice In Action
Financing Projects and Procuring and Trading CreditsOf course, before a project can be sited, it must be financed. Manatt’s Climate Change Practice has experience identifying capital market investment sources and leveraging government and other incentives that make previously impossible projects feasible.
Venture capitalists increasingly target renewable energy projects, and Manatt’s substantial contacts with the venture capital community enable us to act as advisor to project developers requiring connections with venture and private equity funds. Our clients include such venture capital companies as Bedrock Capital, Draper Fisher Jurvetson, Chanin Capital Partners, Communications Ventures, Gerard Klauer Mattison & Co., Sand Hill Capital and Labrador Ventures. We understand how our private equity and venture capital clients think and operate, and work with them as business partners. In energy development transactions we help clients evaluate the risks and rewards, decide which concerns are most important, and complete the transaction to the maximum advantage of everyone involved.
We actively monitor the near-term potential for opportunities from international, federal, state, and regional programs to reduce greenhouse gas emissions, working with clients to achieve emissions reduction goals. Because of our broad industry experience, we have the regulatory, tax, and economic knowledge to help investors maximize their monetization of revenue streams through the use of:
Managing Risk and Promoting AdaptationClimate change poses varying degrees of risk to every business. Manatt’s traditional strengths in the banking and insurance sectors inform the practice’s approach to advising these industries regarding how to reduce risks. Where there is risk, there is also opportunity. By properly accounting for climate-induced risks, these businesses can safely finance or insure a wider variety of concerns, squeezing more out of increasingly competitive markets. Bankers and insurers may need to encourage progressive steps by their customers to adapt to climate change and mitigate these risks.
Litigating Climate-Related MattersIn an area as controversial and potentially costly as mitigating and adapting to climate change, litigation will inevitably result. Manatt’s Litigation Division stands ready to assist our clients when the need arises.
© 2015 Manatt, Phelps & Phillips, LLP. All rights reserved.