GHG Emissions: SEC Adopts New Climate Risk and Emissions Disclosure Rule
On March 6, 2024, the Securities and Exchange Commission (SEC) adopted a new rule which will require publicly traded companies to disclose to potential investors their climate risks and levels of greenhouse gas emissions. These companies must report all climate risks that have had
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EU Member States Reach Agreement on Corporate Due Diligence Directive
Following extended negotiations, the directive was endorsed with a significantly narrower scope that would reduce the number of companies affected.
By Paul A. Davies, Michael D. Green, and James Bee
On 15 March 2024, EU Member States endorsed the Belgian Presidency’s political deal on the Corporate Sustainability Due Diligence Directive (CSDDD), despite Germany…
EV Charger Data Apocalypse
A rush to respond to climate change despite that EV chargers are prime vectors for data vulnerabilities…
Agricultural Law Weekly Review—March 18, 2024
Just Published—Brook Duer, EPA Made 2023 Commitment to CAFO Permitting Reform but No Action Evident to Date, Southern Ag Today (March 15, 2024)
Agribusiness: Federal District Court Finds Corporate Transparency Act Unconstitutional, United States Appeals to Eleventh Circuit
On March 1, 2024, the U.S. District Court for the Northern District of Alabama issued an…
China’s Stock Exchanges to Plan Sustainability Disclosure Rules for Big Companies
The guidelines aim to transform China’s approach to ESG by introducing sustainability disclosure rules for large listed companies.
By Hui Xu, Paul A. Davies, Jean-Philippe Brisson, and Qingyi Pan
On February 8, 2024, under the auspices of the China Securities Regulatory Commission (CSRC), each of China’s three major stock markets — Shanghai…
SEC Issues Final Climate Disclosure Rules, Paring Down Its 2022 Proposal, With Implications for Greenwashing Claims
The U.S. Securities and Exchange Commission (SEC) has issued its long-awaited climate reporting requirements, making it mandatory for the largest publicly traded companies in the U.S. to annually disclose both greenhouse gas (GHG) emissions and their material climate risks, with some requirements kicking in as early as 2025. On March 6, the SEC voted…
SEC Adopts Comprehensive Package of Climate-Related Disclosure Rules; Scope 3 Emission Metrics Excluded
On March 6, 2024, the Securities and Exchange Commission (SEC) adopted by a 3-2 vote a series of new and extensive disclosure rules that will require all registered companies, including FPIs, to include detailed climate-related information in their registration statements and periodic reports, and climate-related financial statement metrics in a note to their audited financial…
Climate Change Disclosure Rules & Other ESG Developments
After much anticipation, on March 6, 2024, the US Securities and Exchange Commission voted to adopt final rules that require reporting by public companies of climate change-related disclosure. While the final rules differ from the SEC’s controversial proposed rules in significant ways, the final rules are prescriptive, and require substantial new, additional disclosures.
The SEC…
Earth Day Fee Increases: EPA Significantly Increases TSCA Fees to Add Resources for TSCA Implementation
On February 21, 2024, the US Environmental Protection Agency (EPA) released its final rule adjusting the fees it collects under the Toxic Substances Control Act (TSCA). EPA is required under TSCA Section 26 to review and, if necessary, adjust the fees every three years to ensure that funds are sufficient to defray part of the…
Shale Law Weekly Review—Week of March 11, 2024
Pipelines: Pennsylvania Public Utility Commission Publishes Updated Safety Standards for Intrastate HVL Transport
On February 22, 2024, the Pennsylvania Public Utility Commission (PUC) published a Final Form Rulemaking Order (FFRO) to establish state specific safety standards for the intrastate transport of highly volatile liquids (HVLs) by public utilities. The FFRO amends the standards currently outlined…