The Bracewell team has an excellent knowledge base.

Chambers USA, 2024

Firm of Choice for CCUS Projects and Transactions

Carbon capture, utilization and storage (CCUS) is poised to play a central role in the energy transition, with companies and governments throughout the world announcing aggressive targets for net zero emissions that include the use of CCUS technology.

Bracewell is at the vanguard of policy, regulatory and legal developments related to CCUS projects and transactions. With one of the world’s largest cross-disciplinary energy teams, we have an unparalleled understanding of the myriad business issues facing carbon capture developers, investors and off-takers. We represent stakeholders in the energy, chemical and manufacturing industries in their efforts to transition to less carbon-intensive operations. We also help project sponsors, developers, and private equity and infrastructure funds navigate complex technology, transactional and regulatory structures.

Our global team includes lawyers with broad experience in the midstream and upstream oil and gas sectors, as well as in renewables and conventional power. This experience complements the firm’s strengths in project development and finance, corporate transactions, environmental strategies, energy regulatory, transactional tax and tax policy.

Our CCUS-related experience includes:

  • carbon capture tax credits (45Q of the Internal Revenue Code), including advice on structures to effectively monetize such credits
  • CCUS project development and finance, including the construction of pipeline infrastructure, large-scale natural gas and clean coal power plants, and enhanced oil recovery
  • corporate transactions, including the negotiation of contracts involving sequestration and utilization
  • federal and state environmental regulations, including advice on environmental impact analysis, permitting and compliance
  • environmental, social and governance (ESG) strategies related to net zero emission targets and investments in CCUS technologies
  • IP protection and patent prosecution, including advice related to carbon capture and storage, membrane separation and concentration, and absorption technologies
  • public advocacy and outreach, including representing the interests of clients before Congress, federal agencies and the White House on CCUS legislation, policy and regulations