The US Securities and Exchange Commission (SEC) adopted new climate-related risk disclosure rules on March 6, 2024, two years after the SEC proposed new climate-related disclosure rules and three years after the SEC first...more
3/12/2024
/ Annual Reports ,
Climate Change ,
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Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Final Rules ,
Greenhouse Gas Emissions ,
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Securities Regulation
On April 27, members from McDermott’s ESG, Impact & Sustainability Group, including Counsel David Cifrino and Partners Thomas Dawson, Carl Fleming and Jacob Hollinger, hosted a webinar on risks, opportunities and disclosures...more
The US Securities and Exchange Commission’s (SEC) recently proposed landmark climate-related disclosure rules draw attention to a broad scientific consensus that to avert catastrophic consequences from climate change, the...more
3/29/2022
/ Business Opportunities ,
Carbon Emissions ,
Climate Change ,
Disclosure Requirements ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Insurance Industry ,
Investors ,
Net Zero ,
Publicly-Traded Companies ,
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Securities and Exchange Commission (SEC) ,
Webinars
The US Securities and Exchange Commission (SEC) proposed new climate change disclosure rules on March 21, 2022. The proposed rules (Release Nos. 33-11042; 34-99478) draw heavily on the “four pillar” disclosure framework...more
3/23/2022
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Domestic Corporations ,
Environmental Social & Governance (ESG) ,
Foreign Corporations ,
Greenhouse Gas Emissions ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Sustainability ,
Task Force on Climate-related Financial Disclosures (TCFD)
Many stakeholders have called for the United States to adopt a carbon tax. Such a tax could raise billions of dollars in annual revenue while simultaneously reducing greenhouse gas emissions. Several carbon tax proposals were...more
2/12/2021
/ Biden Administration ,
Carbon Emissions ,
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Charging Stations ,
Clean Air Act ,
Climate Change ,
Department of Energy (DOE) ,
Department of Environmental Protection ,
Fossil Fuel ,
Methane ,
New Legislation ,
Renewable Energy
With Democrats taking over the White House and the Senate, many eyes are on climate change and the role that the federal government can take to combat it. A variety of proposals have been floated about the best way for...more
In the United States, federal agencies that license, permit or finance energy and infrastructure projects must, with some limited exceptions, analyze the environmental impacts of those projects before they approve them,...more
The U.S. Supreme Court today partly upheld and partly rejected the U.S. Environmental Protection Agency’s federal Clean Air Act permitting regulations governing greenhouse gas (GHG) emissions from stationary sources. The...more
President Obama recently released a Strategy to Reduce Methane Emissions (Strategy) that sets forth a multi-pronged plan for reducing methane emissions both domestically and globally. Domestically, the plan is to focus on...more
The federal Office of Management and Budget (OMB) is now seeking public comment on how the United States government should calculate the “social cost of carbon” – the dollar figure used by federal agencies to estimate the...more
President Obama issued a new climate change-related executive order on November 1, creating a new interagency Council on Climate Preparedness and Resilience and directing all federal agencies to focus on improving the...more