Mr. Dreibelbis regularly advises energy companies, financial institutions, private equity firms, and project developers on a variety of transactions and regulatory matters.

Mr. Dreibelbis advises clients on environmental commodities and low-carbon project development, including carbon capture and sequestration (CCS). Mr. Dreibelbis’ work has spanned voluntary carbon markets as well as compliance markets such as the California Cap-and-Trade Program, Renewable Fuel Standard, the California Low Carbon Fuel Standard (LCFS), and state Renewable Portfolio Standards (RPS). Mr. Dreibelbis has also advised on low-carbon and renewable project development beyond CCS, including solar, wind, biogas, and other technologies. In these markets, Mr. Dreibelbis advises clients on structuring and negotiating transactions in the context of rapidly developing commercial and regulatory environments.

Mr. Dreibelbis has also advised clients within regulatory proceedings, programs, and enforcement matters involving several California agencies, including CalGEM, the California Public Utilities Commission, and the California Air Resources Board. The scope of representation has included advocacy within notice-and-comment rulemaking and other public proceedings, counseling on compliance, and representation in the context of ratemaking and enforcement proceedings.  Mr. Dreibelbis has also advised clients on environmental issues within dozens of M&A and financing transactions.

Mr. Dreibelbis rejoined Latham after several years as associate general counsel at a publicly traded land development company in California, where he advised on matters related to net-zero project and infrastructure development, carbon credit transactions, and other matters.

Mr. Dreibelbis’ experience includes advising:

  • An investment firm on the development of carbon credit offtake agreements for Direct Air Capture (DAC) projects
  • Middle East national oil company in connection with the development and financing of a world-scale carbon capture project
  • A midstream provider on the development of a multi-emitter Midwest CCS Project
  • Vault 44.01 on CO2 transportation and sequestration services agreements to service ethanol plants in the Midwest
  • Brookfield Renewable on the formation of its joint venture with California Resource Corporation, creating a carbon management partnership focused on carbon capture and sequestration development
  • Flow Carbon on the tokenization of carbon offset credits in the voluntary offset market
  • The Newhall Land and Farming Company, a subsidiary of Five Point Holdings, LLC, in an unprecedented project to reduce or mitigate to zero all greenhouse gas emissions for a large planned community in California, including the development of a dairy methane biogas-to-energy project and other emissions reduction projects
  • Fuel suppliers in the development, certification, and accreditation of fuel supply pathways to bring low-carbon fuel to market 
  • Numerous oil & gas companies and other regulated entities, in advocating a number of market design changes to the California cap-and-trade program and negotiating US and international carbon offset transactions
  • Chevron, in developing and implementing a carbon offset procurement program
  • Multiple companies on various enforcement actions by the California Air Resources Board, including with respect to allowance auction participation, carbon emissions reporting, carbon offset registration and invalidation, and others
  • SoCalGas in connection with the Aliso Canyon Storage Facility methane leak and renewable natural gas
  • Southern California Edison, in connection with a ratemaking proceeding before the California Public Utilities Commission
  • Chemlogics, a producer of specialty chemicals and polymers for the energy sector (including the fracking industry), in the sale to Solvay SA
  • US Power Generating Company (USPG), an owner and operator of fuel oil and natural gas based electric power generation facilities in New York, in the sale to Tenaska Capital Management 

Bar Qualification

  • California
  • New York

Education

  • JD, Columbia University School of Law, 2011
  • BA, Princeton University, 2007
    cum laude

Languages Spoken

  • English
  • German