Food Labeling: USDA Publishes Final ‘Product of USA’ Rule for Meat, Poultry, and Eggs
On March 18, 2024, the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS) published in the Federal Register a final rule (89 FR 19470) amending 9 C.F.R. §§ 317, 381, and 412 to “generically
SEC Adopts Long-Awaited Final Climate Disclosure Rules
On March 6, 2024, by a party-line vote of 3-2, the US Securities and Exchange Commission (SEC) adopted final rules (entitled “The Enhancement and Standardization of Climate-Related Disclosures for Investors”) requiring most public companies to disclose climate-related information in registration statements and annual reports filed with the SEC. The SEC first proposed climate disclosure rules
Fourth District Finds in Favor of Project Proponent in Action Challenging Agency’s Failure to Apply Section 15183 Exemption
In Hilltop Group, Inc. v. County of San Diego (2024) 99 Cal.App.5th 890, the Fourth District Court of Appeal ruled that plaintiff Hilltop Group, Inc. (“Hilltop”) could proceed with developing a recycling facility, over the objections of community groups and the San Diego County Board of Supervisors (“Board of Supervisors” or “Board”). The proposed North
EU Reaches Provisional Agreement on Forced Labour Regulation
The proposed regulation would ban forced labour-made products from the EU market, affecting companies’ supply chains and requiring compliance checks.
By Paul A. Davies, Michael D. Green, and James Bee
On 5 March 2024, the European Parliament and European Council announced that they had reached a provisional political agreement on the regulation
GLOBAL CLIMATE CHANGE DISCLOSURE INITIATIVES AND BOARD CORPORATE GOVERNANCE CONSIDERATIONS
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this past year from numerous governmental authorities and non-governmental organizations. This white paper—an expanded version of a white paper we published in January—discusses key features and differences of a dozen authorities, followed by
QUICK REFERENCE CHART ON KEY GLOBAL CLIMATE-RELATED DISCLOSURE RULES
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating from numerous governmental authorities and non-governmental organizations (NGOs) in recent years. Mayer Brown lawyers from around the world produced a White Paper on Global Climate Change Disclosure Initiatives and Board Corporate Governance Considerations
US APPEALS COURT TEMPORARILY HALTS SEC’S CLIMATE CHANGE DISCLOSURE RULES
On March 15, 2024, the US Court of Appeals for the Fifth Circuit granted an administrative stay of the climate-related disclosure rules recently adopted by the US Securities and Exchange Commission (the “SEC”). The SEC rules require public companies to provide information about climate-related risks that could significantly impact their business or financial statements. See
DEFORESTATION REGULATION: IMPACTS OF A POSSIBLE DELAY IN RISK CLASSIFICATION OF COUNTRIES AND OTHER RECENT DEVELOPMENTS
On 9 June 2023, the European Union published Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation (the “Deforestation Regulation” or the “EUDR”). The EUDR entered into force on 29 June 2023, although the main prohibitions
Shale Law Weekly Review—Week of March 25, 2024
GHG Emissions: Texas Brings Suit in D.C. Circuit Court over EPA Methane Rule
On Friday, March 8, 2024, the State of Texas petitioned the D.C. Circuit Court of Appeals to review a final rule officially published to the Federal Register by the Environmental Protection Agency (EPA) on the same day. The EPA first announced the
SEC Climate Disclosure Rule Stay and Venue Now in the 8th Circuit
Compellingly 25 states have now filed petitions for judicial review attacking the Final Rule