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SEC Proposes Long-Awaited Climate Change Disclosure Rules

On March 21, 2022, in a landmark proposal, the Securities and Exchange Commission ("SEC") proposed rules that would require public companies to disclose extensive climate-related information in their SEC filings....more

US Government Pauses Fossil Fuel Leasing on Federal Land in Focus on Climate Change and Environmental Protection

This week, as part of a series of significant executive actions, President Biden issued an executive order directing the United States Department of Interior (DOI) to pause new oil and natural gas leasing on federal public...more

Poseidon Principles Report Highlights Sustainability Reporting Focus in Global Marine Finance

The Poseidon Principles Association, a group of major marine shipping banks, released its first Annual Disclosure Report in December 2020. This report discloses the "climate alignment score" of fifteen banks' ship finance...more

Coalition of Northeastern States Announces Cap for Transport Sector CO2 Emissions

Three states and the District of Columbia reached agreement on December 21 to combat climate change by reducing carbon dioxide emissions from the transportation sector via a cap-and-invest system. Massachusetts, Rhode...more

Project Finance, human rights and climate change: Updated Equator Principles 4 in effect from October

The Equator Principles have been one of the principal frameworks for managing sustainability and ESG risk in projects by financial institutions since 2003.  The latest update – known as EP4 – renews the focus on human rights...more

White House Proposes Significant Rollbacks to the National Environmental Policy Act

The Trump administration proposed rules intended to speed up approval of major projects subject to the National Environmental Policy Act (NEPA), such as pipelines, power facilities, mines, highways, and other public...more

Pennsylvania Joins the Regional Greenhouse Gas Initiative

In a move that will have a significant impact on Pennsylvania's power producers, Governor Tom Wolf signed an executive order on October 3rd directing the state's Department of Environmental Protection (PADEP) to create...more

Proposed Revisions to Equator Principles Released for Review

The Equator Principles Association (EPA) has released the much-awaited draft text of Equator Principles 4 (EP4). Further consultation of the draft text will be coordinated by the EPA in July and August, and it is anticipated...more

Judge Orders Government to Account for Climate Change Impacts before Leasing Federal Lands to Energy Developers

The US District Court for the District of Columbia has blocked the US Bureau of Land Management (BLM) from issuing new oil and gas drilling permits on approximately 300,000 acres of federal land in Wyoming until it adequately...more

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