article thumbnail

UK Car Output Hits 76-Year Low

OilPrice

Data released on Friday by the Society of Motor Manufacturers and Traders (SMMT) found that UK factories turned out just 49,810 cars and vans in the month of May, down 33 per cent on the year and the worst monthly performance in 76 years, outside the COVID-19 shutdowns of 2020.

Shutdown 344
article thumbnail

Top 10 Labor and Employment Issues in Bankruptcy

The Energy Law

In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.

Casing 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Climate Change Jurisdiction: U.S. Court of Appeals for the Ninth Circuit Kicks Climate Change Case Back to State Court

The Energy Law

Amidst historically low oil prices and economic shutdowns, fossil fuel companies continue to defend against lawsuits brought by state and local governments claiming climate-change related damages. CV 19-12430-WGY, 2020 WL 2769681 (D. May 28, 2020). Commonwealth of Massachusetts v. Exxon Mobil Corporation , No.

Casing 52
article thumbnail

Top 10 Labor and Employment Issues in Bankruptcy

The Energy Law

In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.

Casing 40
article thumbnail

Liskow & Lewis CARES Act Tax Analysis – Part II

The Energy Law

On Friday, March 27, 2020, President Trump signed into law the CARES Act, which contains many provisions designed to mitigate the impact of the Coronavirus pandemic. Changes to the Charitable Contribution Deduction Regime The CARES Act created a new opportunity for non-itemizers to claim a charitable contribution deduction starting in 2020.

article thumbnail

EPA’s Shifting Guidance on Startup, Shutdown, and Malfunction Defenses in State Implementation Plans and Its Effect in Louisiana

The Energy Law

On September 30, 2021, the EPA once again signaled a policy change on what provisions a state can include in its Clean Air Act State Implementation Plan (“SIP”) for exemptions and affirmative defenses during periods of startup, shutdown, and malfunction (“SSM”). 2020 SSM SIP Policy Memorandum. 33840 (June 12, 2015). LAC 33:III.507.J.1.