ENVIRONMENTAL LAW UPDATE
On December 19, 2007, the Energy Independence and Security
Act of 2007 (Act) was signed into law. The Act builds upon the
energy security, conservation, and efficiency provisions of the
Energy Policy Act of 2005 and is likely to present numerous
growth and development opportunities for various industrial and
energy sectors.
The Act is significant legislation. It contains provisions
for increased fuel economy standards, production of renewable
fuels, and provides financial incentives for research and
development of renewable energy technologies, biofuels, waste
energy recovery, and carbon-capture technology. The Act also
encourages short-sea transportation and the development of
programs to support international renewable-energy research and
development. A summary of major aspects of the Act follows.
