On Wednesday, April 16, Secretary of the Interior Doug Burgum directed the Bureau of Ocean Energy Management (BOEM) to order Equinor to “stop work” on its 812 megawatt Empire Wind 1 project just outside of New York Harbor....more
The heads of the German Christian Democratic Union (CDU), the Christian Social Union in Bavaria (CSU) and the German Social Democratic Party (SPD) presented their plans for their joint Government on April 9, 2025....more
We previously reported on New York State’s enactment of the Climate Change Superfund Act (the “Climate Superfund Act” or the “Act”), groundbreaking legislation that seeks to recover $75 billion from fossil fuel producers for...more
Earlier this week, Mark Uyeda, the Acting Chairman of the U.S. Securities and Exchange Commission (SEC), began the process of unwinding that agency’s final climate disclosure rule enacted during the Biden administration. In a...more
Welcome to Edition 24 of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). Wishing you a belated Happy and Prosperous Year of the Snake. P2N0 identifies significant news items globally,...more
Many companies are in the midst of preparing their year-end Annual Reports on Form 10-K and looking ahead to their annual meeting of shareholders. In addition to changes to rules, regulations and disclosure trends, the...more
President Trump began his second term by issuing a barrage of executive orders, memoranda, and other directives, many of which targeted U.S. energy policy and the federal employees who implement it. Trump had campaigned on...more
Last week, we posted about New York State’s enactment of the Climate Change Superfund Act. We promised to continue to monitor developments concerning climate superfund legislation and to update readers as necessary. It’s been...more
Welcome to the twenty-second edition of P2N0 providing our take on the key news and themes arising during 2024. On January 19, 2025, the twenty-third edition of P2N0 will be published, covering key news items arising during...more
Canadian Prime Minister Justin Trudeau has announced his resignation. It's a pivotal moment for the oil-rich nation, with big implications for energy and climate change policy. Additionally, it’s a reminder of the huge size...more
Earlier this week, the Montana Supreme Court affirmed a lower court ruling in favor of plaintiffs in a climate case based on certain provisions of the Montana constitution. Specifically, the court ruled that: - The...more
Washington State’s ambitious Cap-and-Invest Program was on the ballot this November. The program is designed to reduce planet-warming greenhouse gases (GHG) in the state by requiring large-emitting businesses to purchase...more
The Climate Change Act, as endorsed by the President, is intended to enable the alignment of policies that influence South Africa’s climate change response to ensure that South Africa’s transition to a low-carbon and...more
In an Enforcement Notice released on December 5, 2024, the California Air Resources Board (“CARB”) announced that it will not take enforcement action against companies subject to California’s Climate Corporate Data...more
Baker Botts Partner, Michael Harrison, delves into the drive to achieve net-zero greenhouse gas (GHG) emissions (NZE). P2N0 highlights major global news items in concise summaries, with a focus on policy changes and project...more
New ESG regulations are expected to have a significant impact on disclosure and governance obligations for EU and non-EU companies alike, including extensive sustainability reporting and due diligence requirements on...more
President Trump’s reelection sent shockwaves through the renewable energy community. With campaign pledges to dismantle Biden-era climate programs funded by the Inflation Reduction Act and the Bipartisan Infrastructure Law...more
Even for the unpredictable world of business and human rights, 2024 was particularly volatile, including for sustainability more generally. The European Union’s (EU) Corporate Sustainability Due Diligence Directive (CSDDD)...more
International Geneva – A global governance ecosystem of over 40 international organizations, 178 country representations and 700+ non-governmental organizations....more
New York City enacted Local Law 97 in 2019 to help reduce greenhouse gas emissions generated by buildings throughout the City. ...more
As we have previously reported over the last two weeks, the 29th Annual United Nations (UN) Climate Change Conference (COP29) focused heavily on climate finance and implementing key strategies for global emissions reduction,...more
We have gathered and examined data from AGM Notices published by FTSE 350 companies until November 2024. We have set out the approach companies have taken on a number of key aspects of their meetings, including the venues of...more
In the last four years, California has adopted some of the nation’s most innovative air regulations, including a ban on new gasoline-powered car sales by 2035 and a prohibition against diesel-fueled trucks visiting state...more
On November 5, 2024, the U.S. District Court for the Central District of California denied a motion for summary judgment that sought to declare SB 253 and SB 261 (the “California Climate Laws”) invalid on their face under the...more
A year after California enacted some of the nation’s most sweeping climate disclosure laws, a United States District Court issued an important ruling related to one of several challenges to these laws. The district court...more