News & Analysis as of

Greenhouse Gas Emissions

Holland & Knight LLP

Commodity Futures Trading Commission Finalizes Voluntary Carbon Market Standards

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The Commodity Futures Trading Commission (CFTC) on Sept. 20, 2024, finalized guidance (the Final Guidance) regarding the listing of voluntary carbon credit (VCC) derivatives on CFTC‑regulated exchanges. The CFTC previously...more

Kelley Drye & Warren LLP

Tyson Faces Lawsuit Over Net Zero Claims

Last week, the Environmental Working Group (“EWG”) filed a lawsuit against Tyson Foods in DC Superior Court under the DC Consumer Protection Procedures Act (“CPPA”), accusing the country’s second-largest meat company of...more

Latham & Watkins LLP

Ruling Requires South Korean Government to Review Climate Targets

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South Korea’s Constitutional Court has issued a “first of its kind” decision in Asia, requiring South Korea to update its greenhouse gas reduction targets. On 29 August 2024, South Korea’s Constitutional Court (the Court)...more

Seyfarth Shaw LLP

California Mandatory Climate Disclosure Laws Move Forward With Little Concession

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Seyfarth Synopsis: As discussed in our prior legal update available here, in 2023, California enacted two laws that mandate certain climate-related emissions disclosures and financial risk reporting for thousands of public...more

DLA Piper

Industrials Regulatory News and Trends - September 2024

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Welcome to Industrials Regulatory News and Trends. In this regular bulletin, DLA Piper lawyers provide concise updates on key developments in the industrials sector to help you navigate the ever-changing business, legal, and...more

Jones Day

The Climate Report | Third Quarter 2024

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REGULATORY ISSUES & UPDATES - Update on Australia's New Climate-Related Financial Disclosure Regime - Australia's mandatory climate-related financial disclosure regime is inching closer to implementation after the proposed...more

Fenwick & West LLP

California Legislature Amends Climate Disclosure Laws

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On August 31, the California Assembly and Senate passed SB 219, which provides for the following notable changes to the climate disclosure laws, among others: Gov. Gavin Newsom has until September 30 to sign or veto SB 219....more

Jackson Lewis P.C.

From Fentanyl to Freon: Customs and Border Protection Seizures

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Customs and Border Protection (CBP) is an enforcement agency that does much more than deal with immigration. This summer, CBP made the largest fentanyl seizure in its history – approximately 4 million blue fentanyl pills...more

Goldberg Segalla

California May Put Its Historic Climate Disclosure Laws on Hold

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In a update to the Environmental Law Monitor’s continuing coverage of California’s historic climate disclosure laws, California State Sen. Scott Weiner put forth on August 13 proposals to Senate Bill 219 that would delay the...more

Jones Day

California's Climate Disclosure Laws Move Forward After Governor Newsom's Proposal to Delay Implementation Fails

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The California legislature continues to press forward with the implementation of two of the state's sweeping climate disclosure laws after a proposal to delay the implementation dates by the governor failed to be considered...more

Jones Day

Update on Australia's New Climate-Related Financial Disclosure Regime

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Australia's mandatory climate-related financial disclosure regime is inching closer to implementation after the proposed legislative reforms were passed by both Houses of Parliament in September 2024. As discussed in our...more

Jones Day

Taxing Tangle: U.S. IRS Releases Guidance for Clean Hydrogen Production Tax Credit

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The U.S. Internal Revenue Service ("IRS") has released proposed regulations regarding the Clean Hydrogen Production Tax Credit introduced in the Inflation Reduction Act of 2022 ("IRA"). The proposed regulations provide more...more

Foley Hoag LLP

Climate Law Matters: Energy & Climate Newsletter - September 2024

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In this Issue: Permitting Reform, the Supreme Court, EV’s, and Climate Week 2024 - After nearly a decade as New York State’s environmental chief, I recently joined Foley Hoag to help the firm’s clients emerge as global...more

Whiteford

Client Alert: The Maryland Department of the Environment Publishes New Proposed Building Energy Performance Standards That Would...

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On September 6th, the Maryland Department of the Environment (“MDE”) officially withdrew the proposed regulations it had previously issued in December 2023, creating statewide Building Energy Performance Standards (“BEPS”)...more

Beveridge & Diamond PC

California to Require Climate Disclosures from Large Companies (Updated)

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Update: In August 2024, the California Legislature passed SB 219. This bill makes minor but important amendments to SB 253 and SB 261. Notably, SB 219 provides CARB with additional flexibility on the timing of Scope 3...more

Mintz

California Legislature Refuses to Extend Deadline for Compliance with Climate Disclosure Laws

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Recently, Governor Newsom proposed that California delay the implementation of its recently-enacted climate disclosure laws for two years. The California legislature has effectively rejected this proposal by passing S.B....more

Kilpatrick

5 Key Takeaways - An In-House Counsel’s Guide to Corporate Energy Procurement and Pathways to Meet Sustainability Goals

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Kilpatrick’s John Livingston recently presented “An In-House Counsel’s Guide to Corporate Energy Procurement and Pathways to Meet Sustainability Goals” at the firm’s annual In- House Counsel Summit in Raleigh. Mr. Livingston...more

Alston & Bird

Exploring Carbon Credit Trends

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Critics say voluntary carbon markets (VCMs) are suffering from an “integrity crisis.” Our Environment, Land Use & Natural Resources Group examines the Biden Administration’s attempt to bring increased rigor and reliability to...more

Holland & Hart LLP

New Mexico Stiffens Penalties for Air Quality Violations and Tightens Environmental Audit Policy

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On September 4, 2024, the New Mexico Environment Department’s Air Quality Bureau (AQB) updated its Civil Penalty Policy, making several key changes to its assessment of civil penalties and administrative compliance costs in...more

Proskauer Rose LLP

California Climate Disclosure Laws – New Developments, Old Timelines

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California Climate Disclosure Laws – New Developments, Old Timelines - The California legislature recently rejected Governor Gavin Newsom’s proposal to delay the deadlines to comply with California’s climate disclosure...more

Clark Hill PLC

California Climate Disclosure Laws: Legislature Affirms Disclosure Deadlines for SB253 and SB261

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On Aug. 31, the California legislature passed Senate Bill (SB) 219, making targeted changes to SB253, the landmark California law that requires firms to report Scope 1 and Scope 2 emissions beginning in 2026 and Scope 3...more

IR Global

Towards Sustainable Future: ESG Reporting in the UAE and Saudi Arabia

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Thomas Paoletti, Managing Partner at Paoletti Law Group, provides expert opinion on ESG in the Middle East – the current situation and what still needs to be done to work towards a more sustainable future....more

Oliva Gibbs LLP

Carbon Copy: Pennsylvania’s CO2 Storage Plan Breaks New Ground

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On July 17, 2024, Pennsylvania joined a growing number of states establishing a legal framework for the underground storage of carbon dioxide. Carbon capture and underground sequestration (“CCUS”) is promoted as a technology...more

Alston & Bird

Extended Reporting Timelines Expected for California Climate Laws

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Our Environment, Land Use & Natural Resources Group explains how – if approved by the governor – the deadline to set precise compliance dates for the Climate Corporate Data Accountability Act (CCDAA) and Climate-Related...more

Cooley LLP

Developments in California and Other State Climate Legislation

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On August 31, 2024, the California Legislature passed Senate Bill 219, approving certain technical amendments to the climate disclosure requirements under Senate Bill 253 (greenhouse gas, or GHG, emissions) and Senate Bill...more

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