Limited water supply, restrictions on use, and higher costs may be in store for next year if the state’s drought conditions persist.
By Michael G. Romey, Cody M. Kermanian, and Lucas I. Quass
This year has been critically dry and hot for California, resulting in déjà vu as the federal and state governments
A multistate cap-and-invest program to reduce carbon emissions from the transportation sector is dead after several participating states pulled out.
By Jean-Philippe Brisson, Joshua T. Bledsoe, Benjamin Einhouse, and Brian McCall
Less than one year ago, the governors of Massachusetts, Rhode Island, and Connecticut, as well as the mayor of the District
The decision could complicate states’ ability to pursue groundwater natural resource damages actions.
By Kegan A. Brown, Gary P. Gengel, Thomas C. Pearce, and Taylor R. West
On November 22, 2021, the US Supreme Court held that equitable apportionment applies to a dispute between states about their respective interests in groundwater that
The association noted that regulators could provide market participants with much-needed additional trust in ESG ratings and data.
By Paul A. Davies, Nicola Higgs, Michael D. Green, James Bee, and Anne Mainwaring
On 23 November 2021, the International Organization of Securities Commissions (IOSCO) published a report and set of recommendations (Recommendations)
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough.
By Jean-Philippe Brisson, Paul A. Davies, Michael D. Green, and James Bee
Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference of Parties (COP26) to
The SBTi’s standard aims to clarify the target for net zero emissions, whilst the Common Ground Taxonomy indicates China-EU cooperation on sustainable finance issues.
By Paul A. Davies, Michael D. Green, and James Bee
Last month, the Science Based Targets initiative (SBTi) launched its Net Zero Standard, which aims to provide a globally
The government also introduced transition plan requirements for companies to meet the UK’s 2050 net zero target.
By Paul A. Davies, Michael D. Green, and James Bee
On 3 November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees Chair, Erkki Liikanen, announced the long-awaited formation of the International Sustainability Standards Board (ISSB).
The State and eNGOs seek to defend an emissions rule that trucking and airline trade groups are challenging in federal court.
By Joshua T. Bledsoe and Jennifer Garlock
On October 13, 2021, the State of California, on behalf of the Office of the Attorney General and the California Air Resources Board (CARB, and together, the
The regulator is inviting views on potential criteria for classifying and labelling investment products, and on further entity- and product-level sustainability-related disclosures.
By David Berman, Paul A. Davies, Nicola Higgs, Anne Mainwaring, and Charlotte Collins
On 3 November 2021, the FCA published a Discussion Paper (DP21/4) on UK Sustainability
A wide-ranging report encourages regulators to take a concerted approach to combat climate-related risks to the US financial system.
By Jean-Philippe Brisson, Paul A. Davies, Nicola Higgs, Malorie R. Medellin, and Deric Behar
On October 21, 2021, the Financial Stability Oversight Council (FSOC) published a lengthy report on Climate-Related Financial Risk