On July 25, 2023, Representative Ted Lieu and 19 other Democratic lawmakers from the U.S. House of Representatives and Senate sent a letter to U.S. Attorney General Merrick Garland, requesting that the Department of Justice...more
9/19/2023
/ Air Pollution ,
Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Department of Justice (DOJ) ,
Energy Policy ,
Energy Reform ,
Environmental Justice ,
Environmental Policies ,
Fossil Fuel ,
Greenhouse Gas Emissions ,
Infrastructure ,
Oil & Gas ,
Pollution Control ,
Public Health ,
Regulatory Agenda ,
RICO ,
Truth in Advertising
On April 21, 2023, President Biden announced new initiatives to further his administration’s commitment to addressing the impact of climate change on communities “with environmental justice concerns,” including low-income...more
On May 11, 2023, the U.S. Environmental Protection Agency issued a proposed rule promulgating greenhouse gas (GHG) emissions standards for fossil fuel-fired power plants. The proposal, issued pursuant to Section 111 of the...more
Senior finance officials from 18 states, as well as hundreds of investors, public and private companies and climate-focused nonprofits, joined together to urge policymakers to reject efforts by certain, primarily Republican...more
Munich Re, Zurich and Hannover Re, three major insurance providers, announced their exit from the Net-Zero Insurance Alliance (NZIA) in the span of one month between March and April 2023. The NZIA is a UN-convened group of...more
Earlier this month, the Kansas Public Employees Retirement System (KPERS) urged legislators to reject key aspects of “anti-ESG” bills introduced in the Kansas Senate and House of Representatives. Both bills are designed, in...more
3/24/2023
/ Climate Action Plan ,
Climate Change ,
Compensation & Benefits ,
Employee Benefits ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
Investment Management ,
Investment Opportunities ,
Kansas ,
Pension Reform ,
Proposed Legislation ,
Public Employees ,
Public Pension ,
Regulatory Agenda ,
Retirement Plan
In a recent report, the UK-based NGO ShareAction claimed that “[t]he asset management industry needs to change urgently if it is to demonstrate proactive stewardship that safeguards against key social and environmental risks...more
On February 13, 2023, Florida Governor Ron DeSantis (R) announced his support for what his office described as “comprehensive legislation to protect Floridians from the woke environmental, social, and corporate governance...more
3/2/2023
/ Business Strategies ,
Capital Investments ,
Climate Action Plan ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
Florida ,
Investment ,
Regulatory Agenda ,
Regulatory Reform ,
State Legislatures ,
Sustainability
The Australian Securities and Investments Commission (ASIC) appears to be making up for lost time as it imposed another greenwashing-related penalty, this time against Black Mountain Energy, an upstream oil and gas company,...more
1/13/2023
/ ASIC ,
Australia ,
Business Strategies ,
Climate Change ,
Corporate Social Responsibility ,
Energy Projects ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Greenwashing ,
Net Zero ,
Oil & Gas
On December 16, 2022, the Board of Governors of the Federal Reserve System (the “Board”) adopted a final rule (the “Final Rule”) to implement the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”). The Final Rule follows...more