As oil and gas companies look to address the need to reduce the emission of greenhouse gasses into the atmosphere, more and more are exploring Carbon Capture and Storage (CCS) as a way to reduce global warming and impact climate change. With more than 120 years of energy industry experience, Thompson & Knight’s attorneys work with developers and investors to develop and finance CCS projects as well as navigate the regulatory issues and tax benefits that are key to their commercial success.
While the world continues to explore renewable energy and enhanced energy efficiency to meet carbon reduction goals, there is an understanding that fossil-derived energy will continue to play a major role in meeting the world’s energy demand. CCS offers a way to make an impact on carbon emissions today while propelling innovation and new technologies for the future. A focus on commercial applications, especially enhanced oil recovery (EOR), and government tax incentives have heightened interest in these projects attracting developers and investors.
Thompson & Knight’s attorneys help bring CCS projects to life by leveraging the Firm’s vast experience in the oil and gas sector and its market-leading practices in real estate, construction, environmental, project development, tax equity financing, energy regulatory, and tax. For investors, Thompson & Knight’s CCS team works with leading banks and other investors on tax equity contribution agreements and a broad range of other CCS investment strategies.
More attorneys listed by The Best Lawyers in America® 2021 for Oil and Gas than any other firm in the United States
Represented more than 210 investment firms and funds in 2018 and 2019
More than 85 percent of the Firm’s attorneys have worked on energy industry matters