News & Analysis as of

Foreign Investment Energy Sector U.S. Treasury

Akin Gump Strauss Hauer & Feld LLP

Ending Market Distorting Subsidies for Unreliable, Foreign Controlled Energy Sources (Trump EO Tracker)

Directs the Secretary of the Treasury to issue new guidance within 45 days to enforce the termination of Sections 45Y and 48E tax credits for wind and solar under the One Big Beautiful Bill Act, including restricting safe...more

Holland & Knight LLP

OFAC Terminates License Authorizing Certain Petroleum-Related Activities in Venezuela

Holland & Knight LLP on

President Donald Trump announced on Feb. 26, 2025, that he was reversing the authorization granted to Chevron Corp. and its subsidiaries (Chevron) by the Biden Administration as a concession aimed at promoting free elections...more

Hogan Lovells

The United States and the United Kingdom impose new sanctions against the Russian energy sector

Hogan Lovells on

New U.S. and UK sanctions target Russia’s energy sector and supporting infrastructure. On January 10, 2025, the United States and the United Kingdom imposed additional sanctions against Russia, with a focus on its energy...more

Morgan Lewis

OFAC Issues Syria General License and FAQs Easing Sanctions

Morgan Lewis on

The US Office of Foreign Assets Control (OFAC) issued Syria General License 24 (GL 24) authorizing certain transactions with the new Syrian government and easing some transactions related to energy and personal remittances....more

Akin Gump Strauss Hauer & Feld LLP

Trump Administration: 2017 Recap and 2018 Outlook

On January 20, 2017, businessman Donald J. Trump was sworn in as the 45th President of the United States following a contentious and unconventional 2016 presidential election. Republicans also successfully maintained control...more

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