WASHINGTON, DC, April 15, 2009 — Covington & Burling LLP has announced the formation of a Clean Energy and Climate industry group designed to enhance the firm’s ability to help clients navigate the business challenges and opportunities presented by rapidly transforming energy and transportation infrastructures and by developments in climate change policy, both domestically and internationally. The cross-disciplinary group will pool expertise from Covington’s well-established practices in the corporate, litigation, and regulatory fields to provide a full-range of services to companies focused on renewable energy, energy efficiency, sustainability, carbon markets, and the challenges of greenhouse gas emissions and climate change.
In announcing the new industry group, Timothy Hester, chair of Covington’s management committee, commented: “Governments around the globe are aggressively pursuing legal and policy frameworks to address climate change and renewable energy sources. This poses many risks and opportunities for businesses that will increasingly need astute, cross-disciplinary, multi-jurisdictional advice that Covington is well-positioned to provide.”
Prior to the formation of the industry group, Covington lawyers were already actively handling major matters in areas such as forest policy and climate change legislation, international climate change policy, renewable energy, clean energy technology, carbon markets, advanced transportation fuels, and electric transmission infrastructure, including recent matters arising from clean energy provisions of the American Recovery and Reinvestment Act. The creation of a cross-disciplinary industry group drawing upon relevant regulatory, corporate, and litigation expertise in all of the firm’s offices, will provide coordinated advice and representation to a broad range of clients.
Covington’s Clean Energy and Climate industry group is led by the following partners:
- Stuart Eizenstat, former Deputy Secretary of the Treasury, who chairs the firm’s international practice. Ambassador Eizenstat led the US delegation that negotiated the Kyoto Protocol on global warming.
- Andrew Jack, a corporate and securities partner who represents a variety of industrial manufacturing and technology clients in the clean energy and cleantech space.
- Rubén Kraiem advises clients on carbon finance transactions and on climate change policy issues. He participated in the 2007 Bali Conference of the Parties to the UNFCCC as an advisor to the Coalition for Rainforest Nations.
- William Massey, chair of Covington’s energy practice who served as a FERC Commissioner for more than 10 years. He currently represents clients on renewable generation, transmission, smart grid, and biofuels matters.
Many members of the Clean Energy and Climate industry group were involved in advising with respect to the 2007 initiatives by KKR and TPG that gained the support of major environmental organizations for the proposed acquisition of Texas Utilities Corp. The firm represents on a wide range of matters Energy Conversion Devices, Inc., a leader in building integrated and commercial rooftop photovoltaics. More recently, Covington advised OptiSolar, a California-based independent power producer, on the $400 million sale of its project development business and Borrego Solar Systems Inc. on the sale of its residential solar division.
To learn more about Covington’s Clean Energy and Climate industry group, please click here.