Co-Chair; Energy, Environment and Natural Resourcesemail
Chair; Land, Environment and 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 North America's new green technology investments—the practice spans five broad disciplines.
Interpreting and Influencing Climate Change Policy
Manatt 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 placed the state at the forefront of the debate over how to mitigate global warming. Also 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 Businesses
The 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.
Manatt in Action
Financing Projects; Procuring and Trading Credits
Before a project can be sited, it must be financed. Manatt’s Climate Change professionals have experience identifying capital market investment sources and leveraging government and other incentives that make previously impossible projects feasible.
Venture capitalists increasingly are targeting renewable energy projects, and Manatt’s substantial contacts within 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 we 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 Adaptation
Climate 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 Matters
In an area as controversial and potentially costly as climate change, litigation will inevitably result. Manatt’s Litigation division stands ready to assist our Climate Change clients when the need arises.
© 2015 Manatt, Phelps & Phillips, LLP. All rights reserved.