Houston-based Baker Botts, one of the top energy law firms in the U.S., launched a dedicated carbon capture, utilization and storage practice group within its energy sector, the firm said.
After launching a hydrogen practice group in June, Baker Botts launched the carbon arm, which the firm said has been a significant topic of interest from clients and energy markets, “even during the difficult COVID-19 working environment.”
Carbon capture, utilization and storage is considered a promising technology that could help to slow the pace of climate change, especially in the oil and gas industry.
Company leaders said the launch of the CCUS group was a “natural step” following the hydrogen group’s launch and will put the firm “at the forefront” of supporting development of the technologies.
“(These technologies) will support both energy transition goals and traditional oil and gas businesses,” said Jason Bennett, the chair of Baker Botts’ global projects department, in a statement.
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Much of the interest in developing a hydrogen economy stems from countries with aggressive carbon reduction plans, including in Europe, Japan and South Korea – to that end, Baker Botts’ London-based global projects partner Rob Butler and D.C.-based global projects partner Tom Holmberg will lead up the CCUS and hydrogen practices.
“Clients have been receptive to our approach, as they also see the opportunities for hydrogen and carbon capture storage in the evolving energy market,” Holmberg said in a statement.
The…
Source: FuelFix
