Shearman & Sterling's Christopher Ryan and Jesse Sherrett Discuss Energy Transition Costs and Delays in Law360

Shearman & Sterling International Arbitration partners Christopher Ryan and Jesse Sherrett discussed in an article in Law360 how investors and contractors can mitigate cost overruns and delays on construction projects and operations relating to energy transition and the overarching objective of achieving carbon neutrality by 2050.

The attorneys emphasized that owners and contractors need to proactively address the most common causes of cost overruns and delays on the various large-scale construction projects necessary to achieve net carbon neutrality.

Among other things, mitigating costs and delays, they write, requires contractors and owners to address the unique risks that arise on energy transition projects at each phase of the project, starting with clearly defining the parties’ rights and responsibilities at the contract formation phase. The benefits of such steps are cumulative and require careful attention throughout the life of the project, or risk being lost.

Read “Mitigating Costs And Delays In The Energy Transition,” published in Law360 on Oct. 11, 2023.

(subscription required)