The Department for Business, Energy and Industrial Strategy recently published updated guidance on participating in the UK Emissions Trading Scheme (UK ETS), which launched on 1 January 2021. While the UK ETS closely follows the EU Emissions Trading Scheme (EU ETS), for now at least, it is a standalone scheme. The UK ETS commits to a similar approach to the EU ETS; however, the changes made may give rise to challenges for both new and transitioning participants.
The Department for Energy and Industrial Strategy and the Offshore Petroleum Regulator for Environment and Decommissioning recently launched a consultation on the draft guidance to accompany the Offshore Environmental Civil Sanctions Regulations 2018. The overarching message of the new penalties regime is that the processes and outcomes of enforcement with regard to offshore companies engaged in illegal oil and gas-related activity will change considerably.
A recent case concerning a landlord's counterclaim for the cost incurred by it in remediating its property prior to undertaking a major redevelopment project provides a useful reminder to tenants on the extent of their potential liability at the end of the term of their lease and sounds a cautionary note to any party undertaking works under licence. The landlord was entitled to recover the full cost of the remediation work to deal with asbestos contamination caused by the previous tenant and its parent company.