Capital Markets & Securities Law Watch

On March 6, 2024, the US Securities and Exchange Commission (SEC or Commission) announced the adoption of final rules requiring registrants – both domestic companies and foreign private issuers (FPIs) – to include climate-related information in their registration statements and annual reports. 

With the COVID-19 pandemic rapidly evolving and driving down demand for crude oil along with planned production increases by Saudi Arabia, we’ve witnessed a dramatic decline in commodity prices. Many U.S. energy companies are now facing a perilous situation due to the prolonged effects of low commodity prices on their balance sheets and the uncertainty that they will be able to generate enough free cash flows required for operations and the service of debts.