News & Analysis as of

Climate Change Pending Legislation

Fenwick & West LLP

California Legislature Approves Amendments to Climate Disclosure Laws

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As we previously reported in October 2023, the California legislature adopted three significant climate disclosure laws...more

WilmerHale

Amendments to California Climate Accountability Package Await Governor’s Review

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In October 2023, California Governor Gavin Newsom signed into law the Climate Corporate Accountability Act (SB 253) and the Climate‐Related Financial Risk Act (SB 261), jointly referred to as the Climate Accountability...more

Womble Bond Dickinson

U.S. Senate Passes Bill to Boost Nuclear Energy Deployment

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The U.S. Senate has passed a groundbreaking bill aimed at accelerating the deployment of nuclear energy capacity. The ADVANCE (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy) Act seeks to expedite...more

Jenner & Block

An Analysis of California's Landmark Climate Disclosure Laws

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California recently enacted two landmark climate disclosure laws that will require companies doing business in the State above specified revenue thresholds to report their Scope 1-3 greenhouse gas (“GHG”) emissions and...more

Manatt, Phelps & Phillips, LLP

CA Governor to Sign Unprecedented Private Business Climate Disclosure Mandates

California Governor Gavin Newsom publicly confirmed that he will sign two unprecedent climate disclosure mandate bills into law. The mandates will apply to thousands of private entities that conduct any business in...more

Fenwick & West LLP

California’s Proposed Bills Require Companies to Report on Climate Emissions and Risks

Fenwick & West LLP on

While all eyes are on proposed federal and European climate disclosure rules, the California legislature passed two climate-related bills that overlap somewhat with the Securities and Exchange Commission (SEC)’s proposed...more

Allen Matkins

California Climate-Related Financial Risk Disclosure Bill Advances

Allen Matkins on

I have been writing about a bill, SB 261, that would would require businesses to prepare and submit climate-related financial risk reports. On May 30, 2023, the bill passed out of the Senate on a 27-8 vote....more

BCLP

Banking Bites - October 2022

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Welcome to Banking Bites! This is our short summary flagging some key developments in your sector that we hope will inform your activities in your market....more

WilmerHale

California’s Legislative Actions on Climate

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California lawmakers ushered in a robust suite of climate legislation at the end of the term in August, dedicating $54 billion to climate programs over the next five years. The state’s demonstrated dedication to climate...more

Latham & Watkins LLP

California Legislature Passes Four Aggressive Climate Bills and Authorizes Extension of Diablo Canyon

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The climate bills championed by Governor Newsom stand to alter the state’s climate policy for years to come. On August 31, 2022, the last day of its 2021-2022 session, the California Legislature passed four climate bills...more

A&O Shearman

Inflation Reduction Act: Key Green and Blue Hydrogen and CCUS Provisions

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The U.S. Congress has passed, as of today, the Inflation Reduction Act (IRA or the “Act”), which is expected to be signed into law by President Joe Biden very soon....more

Shumaker, Loop & Kendrick, LLP

One Big Thing; Largest Climate Investment in U.S. History

The Inflation Reduction Act of 2022 (IRA) passed in both the House and the Senate on party line votes and now heads to President Biden’s desk for his signature....more

Parker Poe Adams & Bernstein LLP

Key Details in the U.S. Senate's Climate, Tax, and Health Care Legislation

​​​​​​​Following 15 hours of debate and votes, the U.S. Senate passed legislation this weekend tackling inflation, climate change, and health care. The Senate approved the Inflation Reduction Act on a 51-50 party-line vote,...more

Holland & Knight LLP

The Inflation Reduction Act: Summary of the Budget Reconciliation Act

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The U.S. Senate on Aug. 7, 2022, passed the Inflation Reduction Act of 2022 (IRA). This comprehensive legislation is the result of many months of negotiations among Democrats to advance some of President Joe Biden's highest...more

BakerHostetler

Inflation Reduction Act Expected to Become Law

BakerHostetler on

Key Takeaways: ..The Senate voted 51-50 on August 7 to pass the Inflation Reduction Act. ..The legislation is expected to pass the House this week without changes and to be signed by President Biden. ..The...more

Eversheds Sutherland (US) LLP

Inflation Reduction Act of 2022: The energy tax provisions you need to know about

​​​​​​​The Inflation Reduction Act of 2022 (the Act) runs 725 pages and includes numerous energy tax provisions aimed at enhancing US energy security. The Act, if enacted, would extend and expand the renewable and alternative...more

Manatt, Phelps & Phillips, LLP

Mandatory GhG Emission Reporting for Business: Advancing CA Law Even Broader than SEC Proposal

A California bill requiring large U.S. companies doing business in California to publicly report all of their worldwide greenhouse gas (GhG) emissions moved one step closer to Governor Newsom's desk. If the bill becomes law,...more

Allen Matkins

Legislators Left In Dark About Constitutional Concerns When Voting On Greenhouse Gas Emissions Disclosure Bill

Allen Matkins on

Last year, I reported on a California bill that would require large companies to report annually on their greenhouse gas emissions.  Since then, the bill, SB 260, has been working its way through the legislature.  Earlier...more

Procopio, Cory, Hargreaves & Savitch LLP

Pending California Legislation Could Build Upon—Or Conflict With—Forthcoming SEC Disclosure Rules

Proposed legislation currently in the California Senate seeking to impose new reporting requirements for emissions arrives as the U.S. Securities and Exchange Commission (SEC) is considering climate-related public company...more

Womble Bond Dickinson

Massachusetts Proposal to Support Offshore Wind Industry Development, Additional Offshore Wind Projects, Transmission, and Energy...

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On January 12, 2022, The Massachusetts Legislature’s Joint Committee on Telecommunications, Utilities, & Energy reported H. 3310, An Act advancing offshore wind and clean energy. Although the bill focuses on development of...more

Womble Bond Dickinson

Dollars and Sense: How to Integrate ESG into Compensation Programs

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On June 16, 2021, the U.S. House of Representatives passed H.R. 1187 (the “Corporate Governance Improvement and Investor Protection Act”), which would require the Securities and Exchange Commission (“SEC”) to establish rules...more

Nossaman LLP

On-Demand Webinar | Living on the Edge: Managing Sea Level Rise in California

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With the recent flurry of coastal law bills before the California State Legislature and the myriad headlines advising that we must retreat from the shore, sea level rise (SLR) and related climate change topics remain front...more

Nossaman LLP

[Webinar] Living on the Edge: Managing Sea Level Rise in California - May 27th, 11:00 am - 12:00 pm PT

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With the recent flurry of coastal law bills before the California State Legislature and the myriad headlines advising that we must retreat from the shore, sea level rise (SLR) and related climate change topics remain front...more

Williams Mullen

Shoreline Protection: Proposed Virginia Regulatory Amendments for Coastal Resiliency and Climate Change Adaptation within...

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Recent legislation and just proposed regulatory amendments present a new opportunity, but also potential concerns, for implementing climate change resiliency measures on properties subject to Virginia’s Chesapeake Bay...more

BCLP

A roadmap to biodiversity net gain under the Environment Bill

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The planning system has long sought to avoid the most severe adverse impacts on biodiversity, but it is unable to secure routine biodiversity improvement.  The Environment Bill, which is going through Parliament at the...more

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