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Trade Winds: Federal Government Announces Next Commercial Offshore Wind Leasing Auction

Client Alert | 1 min read | 12.18.13

On December 17, the Bureau of Ocean Energy Management announced a 60-day public comment period  for a proposed auction process designed to open nearly 80,000 acres offshore Maryland for commercial wind energy leasing. The announcement, which follows recent auctions of 112,000 acres offshore Virginia and 164,000 acres offshore Rhode Island and Massachusetts, is the latest in a series of actions by the federal government designed to increase wind and other renewable energy production and to facilitate the development of new clean technology industries generally (previously discussed here, here, here, and here).

Insights

Client Alert | 6 min read | 07.09.26

EU Steel Overcapacity Regulation: New Permanent Measure in Force from 1 July 2026

The EU’s steel safeguard under Implementing Regulation (EU) 2019/159 expired on 30 June 2026 and has been replaced by a new permanent instrument — the EU Steel Overcapacity Regulation (Regulation (EU) 2026/1384) (the Regulation”). It imposes tariff-rate quotas and an out-of-quota duty, similarly to the steel safeguard measures that expired. The out-of-quota duty has been raised from 25% to 50% to minimize the risk of trade diversion. The Regulation reduces duty-free imports of 26 categories of steel products into the EU by an average of 47% compared with the quotas under the until recently applicable safeguard measures....