Samuel E. Saunders

Selected Representations

• Chevron U.S.A. Inc., through its Chevron New Energies division, in acquiring an interest in the ACES Delta, LLC joint venture, which is developing a green hydrogen project in Utah financed by a Department of Energy (DOE) loan guarantee
• An integrated energy company in connection with its JV with a large utility company for offshore wind development
• CPPIB in its acquisition of interests in offshore wind projects in Germany and France
• Advised the coordinating committee of bank creditors in the global financial restructuring of renewable energy sponsor Abengoa, covering $20 billion in outstanding debt
• Various clients on sustainable finance matters, including green and sustainability-linked bonds and loans, including inaugural issuances by Jacobs Engineering, Coca-Cola HBC, CyrusOne Inc., Enbridge, Goldman Sachs, United Mexican States, Alibaba, Royal Philips, Cementos Argos, Cheniere Energy and Aflac
• Advised (pro bono) the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) in drafting an ECOWAS directive on gender assessments for energy projects
• Golden Triangle Polymers Company, a joint venture between Chevron Phillips Chemical Company (CPChem) and QatarEnergy, in the project financing of an $8.5 billion integrated polymers facility in Orange, Texas
• First Quantum Minerals Ltd. in its agreement with the Government of Zambia to resolve matters involving the Kansanshi and Sentinel copper projects and secure the basis of their $1.25 billion expansion project to extend the life of the Kansanshi copper-gold mine and $250 million investment to develop the Enterprise nickel deposit
• Centerra Gold, Inc. in its comprehensive settlements with the Government of Kyrgyzstan of outstanding claims regarding the Kumtor gold mine project
• The sponsors of Rovuma LNG (Mozambique) on the proposed project financing of a $30B LNG liquefaction project

Selected Recent Publications

Sam regularly contributes to S&C and external publications, including those listed in the publications tab and the below:

• “EU Adopts Expansive Corporate Sustainability Reporting Requirements” (January 2023)
• “Full Steam Ahead—Recent Developments in U.S. Hydrogen Investments, Incentives and Policies” (November 2022)
• “Recent Developments in EU Hydrogen Initiatives” (November 2022)
• “U.K. Regulator Comments on ESG-labelled Bonds and ESG Ratings” (July 2022)
• “SEC Proposes Enhanced ESG Disclosure Requirements for Investment Advisers and Investment Companies” (June 2022)
• “SEC’s Proposed Climate Disclosure Rules Herald Expansive New Obligations for Foreign Private Issuers” (April 2022)
• “European Commission Proposes Mandatory Corporate Sustainability Due Diligence and Climate Change Plans” (March 2022)
• “Biden Administration Announces New Climate Change Initiatives” (February 2022)
• “Renewables Update—Key Considerations for Renewables Transactions” (December 2020)
• “Renewables and Hydrogen Update—U.S. Market and Regulatory Developments” (November 2020)
• “Renewables Update—Current Market Overview and European Developments” (November 2020)
• “Hydrogen—Recent Developments in Hydrogen Projects” (September 2020)
• “Hydrogen—Fuel of the Future or Just Hot Air?” (September 2020)