United States: Energy Law

On May 21, 2026, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) in Docket No. RM25-12-001 proposing the most consequential overhaul of its regulations governing natural gas pipeline permitting in 20 years.

For decades, energy policy debates in the United States have largely centered on a familiar tension: economic growth versus environmental protection. Today, however, that framing increasingly feels incomplete.

The U.S. Securities and Exchange Commission has proposed a complete rescission of its landmark climate-related disclosure rules adopted in March 2024, citing concerns about regulatory overreach and unjustified compliance costs. This development represents a dramatic reversal in federal environmental disclosure policy, influenced by recent Supreme Court decisions that curtailed agency deference and raised questions about the SEC's statutory authority. Companies that invested in climate reporting infrastructu