A Scottish energy company has become the first to be named by the U.K. customs and excise authority for breaching Russian sanctions rules.
Energy and Utilities
Posted inEnergy and Utilities
BP chairman ousting: A failure of ‘tone at the top’ or a triumph of good governance?
The speed at which a major oil company has fired its chairman over allegations of bullying and aggressive behavior may be viewed as a triumph of ethical policies—and a failure of the “tone at the top”, say experts.
Posted inEnergy and Utilities
Compliance has key role in supporting strategy as global energy crisis looms
The war in Iran and closure of the Straits of Hormuz have sent shockwaves through
the global economy and sent companies scrambling to reassess their energy use
and supply chains. Compliance teams must highlight how they can help.
Posted inSanctions
Indian company pays OFAC $275M over alleged Iranian sanctions violations
An Indian company has agreed to pay $275 million to settle allegations that it purchased Iranian liquefied petroleum gas in violation of U.S. sanctions, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced Monday.
Posted inSanctions
EU’s 20th Russian Sanctions Package extends compliance to third parties and anti-circumvention measures
The EU has intensified its focus on sanctions circumvention and the supply of Russian oil in a clear signal that the energy crisis caused by the closure of the Strait of Hormuz will not weaken its efforts to sever Russian cashflows.
Posted inEnergy and Utilities
Eaton names general counsel
Intelligent power management company Eaton announced that Lucy Clark Dougherty has been named general counsel, effective Jan. 27.
Posted inEnergy and Utilities
Trane Technologies adds sustainability chief
Trane Technologies, a global climate innovator, announced the appointment of Mauro Atalla as chief technology and sustainability officer, effective Jan. 5.
Posted inEnergy and Utilities
Dana Incorporated names Otis’ GC to board
Dana Incorporated, which engineers, manufactures, and distributes power-conveyance and energy-management solutions for vehicles, announced that Nora LaFreniere, executive vice president and general counsel of Otis Worldwide Corporation, has been appointed to the company’s board of directors.
Posted inEnergy and Utilities
Atmos Energy announces GC
Atmos Energy Corporation announced that Jessica Bateman Pulliam has been appointed to the position of senior vice president, general counsel and corporate secretary, effective Jan. 1.
Posted inEnergy and Utilities
San Antonio Water System names legal, ethics chief
The San Antonio Water System has promoted Edward Guzman to the position of senior vice president/chief legal and ethics officer.
