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Navigating the critical path

Gavin Scott, Partner, Norton Rose Fulbright, Chair of Business Papers Committee ER Law Conference 

“Critical” is the word of the moment. The energy transition and everything related to it is critical  -  from the minerals we’re mining to tax policy and export issues. So this year, the ER Law Annual Conference is focusing on what is critical for those working in energy and resources law to know. 

“Critical” is the word of the moment. The energy transition and everything related to it is critical  -  from the minerals we’re mining to tax policy and export issues. So this year, the ER Law Annual Conference is focusing on what is critical for those working in energy and resources law to know. 

We’re at a critical tipping point at so many levels - political, socioeconomic, environmental and technical. While the energy transition is about moving away from fossil fuels, these still have a huge amount of space to play for quite some time. There are also some critical aspects in that space from carbon capture and storage rehabilitation to remediation of mine sites. 

Then there is renewable energy and the issues that come from building a new industry. All of this points to a quantum leap in the way lawyers engage. Ten years ago you didn’t need to know much about hydrogen, but now you need to know about hydrogen, offshore wind, how to recycle wind turbines and a myriad of other new areas, as well as the traditional areas of energy and resources law. 

We’ve also seen the momentum shift quickly and we’ve now moved from talking to doing. Previously we planned for new power transmission lines and renewal projects but now we’re spending more time on the ground with project proponents who are ready to build. We’ve also seen governments race each other to be at the forefront of making sure that the power mix in each state moves towards meeting the Paris targets. This has all led to a renewables boom around the country. 

Globally we’re seeing a move towards energy justice or a just transition. People don’t want to see solar or wind farms being placed just anywhere. If there are communities that don’t have access to cheap and reliable electricity that’s also at the forefront of people’s minds. Having good community engagement stakeholder management practices is critical for the renewable industry as it wants to live side by side with communities. 

Like coal, gas and mining projects, there’s a very complicated balance of protecting or mitigating impacts on spiritual connection to land and Aboriginal cultural heritage. There’s now a request by First Nations groups, not only here but around the world, who want to be part of the transition. They want it to benefit their community through employment, training and community benefits. Many of the larger renewable companies have this at the centre of their values as well. They want to make sure that they lighten the footprint on First Nations communities. 

There is also a lot of global money going into renewable projects and those financiers are pushing hard to make sure the social impact is managed. They want to know their funds are making a different to the communities as well. 

With each resource or energy boom, we build on what went right in the past and what is best practice keeps moving. So we’re now adapting best practices from mining, gas and infrastructure and applying it to energy transition projects. 

With so much focus on meeting Paris targets and decarbonising the electricity grid there are a lot of projects going on, but the coordination of these is important. That’s where governments are now coming in quite quickly to try to coordinate the development of the new industry. 

If you look at the life cycle of an energy and resources project, it has so many contact points with legal expertise from real estate, environment and native title to finance, construction and government interests. This industry is about all aspects of law and that makes it a really interesting area to be involved in. 

We’ve designed this conference to be critical for your career by bringing together the best speakers in Australia and internationally to provide valuable information. You can connect with like-minded people who have a thirst to learn and desire to hone their skills. It’s a good investment in your career and in yourself.  

If you would like to attend the ER Law Annual Conference you can register here

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