If adopted, the Senate bill would require large US companies doing business in California to report Scopes 1, 2, and 3 emissions as of January 2024.
The California Legislature is considering a bill to impose corporate...more
Latin America is well positioned for a strategic role as a hub for the production and utilization of low-carbon hydrogen in the global energy transition.
Low-carbon hydrogen is set to play a key role in the...more
A multistate cap-and-invest program to reduce carbon emissions from the transportation sector is dead after several participating states pulled out.
Less than one year ago, the governors of Massachusetts, Rhode Island,...more
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough.
Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference...more
A wide-ranging report encourages regulators to take a concerted approach to combat climate-related risks to the US financial system.
On October 21, 2021, the Financial Stability Oversight Council (FSOC) published a...more
A new national strategy report aims to combat climate-related risks to the US financial system.
On October 14, 2021, the Biden Administration issued “A Roadmap to Build a Climate-Resilient Economy” (the Roadmap), a...more
10/21/2021
/ Biden Administration ,
Climate Change ,
Disclosure Requirements ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Justice ,
Federal Acquisition Regulations (FAR) ,
Federal Budget ,
Financial Institutions ,
Financial Services Industry ,
FIO ,
Greenhouse Gas Emissions ,
Information Reports ,
Insurance Industry ,
OMB ,
Regulatory Agenda ,
Risk Alert ,
Risk Mitigation ,
Securities and Exchange Commission (SEC)
A new proposal would amend changes made to ERISA less than a year ago that have proved to be detrimental to ESG investing.
In a sweeping reversal of Trump-era policies, the US Department of Labor (DOL) has issued a...more
10/18/2021
/ Benefit Plan Sponsors ,
Biden Administration ,
Comment Period ,
Corporate Social Responsibility ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
Fiduciary Duty ,
Investment Management ,
Proposed Regulation ,
Retirement Plan
What SEC commentary and the influence of existing frameworks could mean for mandatory climate disclosures in the US.
US Securities and Exchange Commission (SEC) Chair Gary Gensler has publicly stated that the SEC will...more
The CFTC continues to demonstrate a commitment to using its regulatory mandate to combat climate change risks to the US financial system.
On March 17, 2021, the Commodity Futures Trading Commission (CFTC) announced the...more
The program will include a multi-jurisdictional cap-and-invest program and aims to address environmental justice and equity concerns.
On December 21, 2020, the Governors of Massachusetts, Rhode Island, and Connecticut,...more
3/11/2021
/ Cap-and-Trade ,
Carbon Emissions ,
Climate Change ,
Environmental Justice ,
Environmental Policies ,
Fossil Fuel ,
Governor Baker ,
Governor Lamont ,
Greenhouse Gas Emissions ,
Low Carbon Fuel Standard ,
Memorandum of Understanding ,
Model Rules ,
RGGI ,
State and Local Government ,
Transportation Industry
The US Treasury Department and the IRS provided practical administrative rules for the carbon capture and sequestration tax credit.
Key Points:
..The IRS finalized the third set of rules in a series of regulatory guidance...more
1/22/2021
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Climate Change ,
Energy Projects ,
Energy Sector ,
Final Rules ,
IRS ,
Popular ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
The Governor has issued an Executive Order with sweeping implications for the oil and gas industry and others.
On September 23, 2020, California Governor Gavin Newsom signed Executive Order N-79-20, which will have...more
A watershed CFTC report highlights the dangers of climate change to the US economy, and provides a broad risk-mitigation roadmap.
On September 9, 2020, the US Commodity Futures Trading Commission’s (CFTC’s) Climate-Related...more
The Treasury Department and the IRS provided practical administrative rules for the carbon capture and sequestration tax credit.
Key Points:
..These rules are the third in a series of regulatory guidance issued by the IRS...more
Market participants can comment on new details related to the requirements, time periods, and permitted transfers of carbon credits.
On May 28, the IRS released the long-awaited third piece of carbon capture tax credit...more
Examining the regulatory framework of New York’s legislative climate change initiative — the Community Leadership and Community Protection Act.
On Thursday, July 18, 2019, New York Governor Andrew Cuomo signed into law the...more
IRS seeks comments on key technical questions under the 45Q Credit regime that should spur industry growth.
Key Points:
..The 45Q Credit, which was significantly broadened in 2018, provides a tax credit for each metric...more
Gas-insulated switchgear owners face easy-to-miss, CARB-enforced emissions requirements.
Since 2011, the California Air Resources Board (CARB) has regulated sulfur hexafluoride (SF6) emissions from gas-insulated...more
The US Global Change Research Program (USGCRP) has released the Climate Science Special Report (CSSR or the Report). Published on November 3, 2017, this US-focused authoritative climate change science assessment serves as a...more
On October 23, 2017, the Government Accountability Office (GAO), the auditing agency of the US Congress, released a report on climate change titled, “Information on Potential Economic Effects Could Help Guide Federal Efforts...more
On April 18, 2017, California Assembly Members Garcia, Holden, and Garcia proposed amendments to Assembly Bill No. 378 (AB 378) that are intended to extend but significantly reshape California’s Cap-and-Trade Program. This...more
Yesterday, the Court of Appeals for California’s Third Appellate District issued its decision in California Chamber of Commerce, et al., vs. State Air Resources Board, et al., upholding the district court’s decision and...more
On July 12, 2014, the California Air Resources Board (CARB) proposed amendments to the California Cap-and-Trade Program (17 CCR 95800 et. seq.) for the first time since 2014. The amendments include major substantive changes...more
6 Answers From Around the Globe -
The historic COP-21 Paris Agreement on climate change is the first major development in the climate area at the international level since adoption of the Kyoto Protocol in...more
2/2/2016
/ China ,
Climate Change ,
Emissions Trading System ,
EU ,
Greenhouse Gas Emissions ,
Intended Nationally Determined Contributions (INDC) ,
Investors ,
Paris Agreement ,
Renewable Energy ,
Spain ,
UK
Existing and new power plants face increasing complexity as EPA’s historic final rule regulating greenhouse gas emissions represents a major expansion of EPA’s regulatory authority.
In a rare presidential announcement of...more
8/19/2015
/ Carbon Emissions ,
Clean Air Act ,
Clean Power Plan ,
Coal-Fired Generation ,
Energy Sector ,
Energy Tax Incentives ,
Environmental Protection Agency (EPA) ,
Final Rules ,
Greenhouse Gas Emissions ,
Natural Gas ,
Nuclear Power ,
Oil & Gas ,
Power Plants