Risk - Articles - Page 60 | Engineering News-Record

Clean Energy

Critical Minerals Mining Gains in Climate Law But Projects Face Headwinds

Mary B. Powers

Debra K. Rubin

August 23, 2022

No Comments

Just-enacted law sets new rules for domestic minerals in EV production and offers mine project tax credits, but environmental concerns by opponents and federal agencies remain to be resolved.

Carolina Panthers Offer $82M to Settle Claims on Canceled $800M Facility

Jim Parsons

August 18, 2022

No Comments

The developer of the football franchise's headquarters and practice facility in Rock Hill, S.C., proposed to settle claims arising from abrupt cancellation of the project earlier this year.

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Companies

Investor Firm GISI to Acquire Hill International in $173M Deal

Purchase would expand global engineering and consulting for Global Infrastructure Solutions Inc.

Emell D. Adolphus

August 17, 2022

No Comments

Global CM firm would become privately held and expand engineering and consulting platform for Global Infrastructure Solutions Inc. in transaction set to close in the fourth quarter.

Climate Law Tax Breaks Give Green Hydrogen Projects Big Boost

Mary B. Powers

August 16, 2022

No Comments

The $3 per kilogram production tax credit in Inflation Reduction Act, in effect for 10 years, will make green hydrogen competitive with fossil-fuel generated gray hydrogen, says Plug Power CEO Andrew Marsh.

Energy Construction

Energy Transfer Convicted of Criminal Charges on Pennsylvania Gas Projects

Corinne Grinapol

August 15, 2022

No Comments

In "no contest" plea deal related to numerous state violations on key Mariner East 2 and Revolution gas liquids projects, Texas developer will pay $10 million for local water improvement projects.

Legal

Posing as Contractors, Nigerians Scammed Project Owners for Nearly $6M, FBI Says

James Leggate

August 15, 2022

No Comments

Three individuals were extradited to the U.S. to face charges in North Carolina, Texas and Virginia over the alleged impersonation scams.

Climate Change Policy

House Approves Landmark $700B Climate and Tax Bill

Vote was 220-207, strictly along party lines

Pam McFarland

Tom Ichniowski

August 12, 2022

No Comments

Final congressional approval of measure, which includes funding and tax-credit extensions aimed to reduce carbon emissions through projects in energy, transportation, water, buildings and manufacturing sectors, came in a 220-207 party line vote.

Companies

UK-Based RPS Group Would Be Latest WSP Buy, in $760M Deal

Company CEO Alexandre L’Heureux says acquisition would grow WSP capacity in a 'low-carbon" future

Emell D. Adolphus

August 11, 2022

No Comments

The purchase, set for close in Q4, would add 5,000 employees to Montreal-based design firm's workforce and $875 million in revenue, mostly to its earth and environmental practice.

Liability

Judge Declares Mistrial in Flint Water Case Against Engineers Veolia, LAN

James Leggate

August 11, 2022

No Comments

Jurors said they were unable to reach a unanimous verdict after months of trial and weeks of deliberations.

Federal Contract Dispute

Bechtel $3B Contract Award at DOE Site Halted by Two Bid Protests

Debra K. Rubin

August 6, 2022

No Comments

Teams said to be led by Huntington Ingalls Industries, Westinghouse protest U.S. Energy Dept. award of possible 10-year contract to manage construction and operations at huge WIPP nuclear disposal site in New Mexico.