Energy & Environment
What makes us different?
Capstone’s energy team assists clients in understanding the complex and often opaque relationships between federal, state, local, and global energy and environmental regulations in the US and EU, including oil and gas, midstream and energy infrastructure, renewable energy, electric power markets, carbon emissions and climate change, and more. Our deep-rooted knowledge of the issues and high standards help us provide unique, real-time analysis to clients who deploy strategies in the energy sector.
We live in the weeds.
Our analysts combine a process-driven approach with a nuanced understanding of energy policy—gained through extensive research and conversations with senior policymakers and key industry stakeholders. This enables us to produce actionable insights and ideas for investors and corporations across a range of strategies—from a discussion of proposed market reforms in the US to analysis of Danish wind turbine manufacturers and services providers to evaluate potential regulatory outcomes and their impact on investments. Capstone’s dynamic relationships with key regulators at agencies—including the Environmental Protection Agency, Federal Energy Regulatory Commission, and Department of Energy—industry groups, environmental groups, academics, and activists, enable us to stay ahead of the curve in identifying and understanding policy trends. We also have strong networks in the major energy states that enable us to better understand the “on-the-ground” situation in each area.
Selected Issues
Power markets
Oil and gas
Climate change
Federal, state, and local regulations
Permitting and land use
Decarbonization
Midstream energy infrastructure
Pipelines, electric transmission, and railways
Renewables
Connect with us
Our Latest Insights
The Promises and Perils of the Fed’s New Payment System
May 28, 2023 By Keegan Ferguson, Capstone Financial Services Analyst In July, the Federal Reserve is expected to launch its long-awaited FedNow service after piloting the program for months with more than 100 participating financial institutions. The service sets the...
The Race To a Debt Limit Deal: Why the US is Likely to Avert Financial Default
The US will likely reach a debt limit deal to avert default before Treasury’s X date. Navigating the political fault lines will be challenging, but doable. By: Hunter Hammond May 23, 2023 — Capstone assigns a 90% probability that Democrats and Republicans will reach a...
The Next Great Conversion for US Gas Utilities
By Monica Chen, Capstone Energy Analyst In the next decade, we expect to see a fundamental shift in how gas utilities will have to strategize their resource mix based on near-term regulatory and policy changes—developments we believe are underappreciated. Gas...