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
The Biden-Harris Administration recently issued a suite of new rules aimed at addressing water and air quality, reducing methane emissions, protecting environmental justice communities, and accelerating the nation’s...more
6/12/2024
/ Air Pollution ,
Air Quality Standards ,
Carbon Emissions ,
Clean Air Act ,
Clean Water Act ,
Climate Change ,
Coal Ash ,
Department of the Interior ,
Energy Sector ,
Environmental Justice ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Final Rules ,
Greenhouse Gas Emissions ,
MATS ,
Methane ,
New Rules ,
Offshore Wind ,
Power Plants ,
RCRA ,
Renewable Energy ,
Toxic Chemicals ,
Wastewater ,
Water Quality
On March 6, 2024, in a 3-2 vote along party lines, the SEC adopted the long-awaited final rules on climate-related disclosures. The proposed rules faced intense public scrutiny over the last two years, with the SEC receiving...more
3/12/2024
/ Climate Change ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Emerging Growth Companies ,
Environmental Social & Governance (ESG) ,
Final Rules ,
Financial Reporting ,
Greenhouse Gas Emissions ,
Publicly-Traded Companies ,
Regulation S-K ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Smaller Reporting Companies ,
Task Force on Climate-related Financial Disclosures (TCFD)
On October 7, 2023, Governor Newsom signed into law California Senate Bill 253 (SB 253), the Climate Corporate Data Accountability Act. With the passage of SB 253, California takes the lead in implementing greenhouse gas...more
Companies considered to be “major” or “significant” US federal government contractors soon may be required to provide climate disclosures as part of the Biden Administration’s suite of policies designed to achieve net-zero...more
12/13/2022
/ Biden Administration ,
Climate Change ,
Comment Period ,
Disclosure Requirements ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Greenhouse Gas Emissions ,
Net Zero ,
Proposed Rules ,
Public Disclosure ,
System For Award Management (SAM) ,
Task Force on Climate-related Financial Disclosures (TCFD)
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
The Inflation Reduction Act (IRA), the Biden Administration’s signature legislative achievement, includes several provisions aimed at fighting climate change by reducing greenhouse gas (GHG) emissions. The law represents the...more
9/2/2022
/ Biden Administration ,
Carbon Capture and Sequestration ,
Clean Energy ,
Climate Change ,
Environmental Justice ,
Federal Funding ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Mineral Leases ,
Oil & Gas ,
Popular ,
Production Tax Credit
In one of the most significant environmental opinions of our time, the Supreme Court held in West Virginia v. EPA that Section 111(d) of the Clean Air Act does not give the Environmental Protection Agency (EPA) authority to...more
7/11/2022
/ Clean Air Act ,
Clean Power Plan ,
Climate Change ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Power Plants ,
Regulatory Authority ,
Regulatory History ,
SCOTUS ,
West Virginia v EPA
Yesterday, the US Securities and Exchange Commission (SEC or Commission) proposed groundbreaking rules intended to enhance and standardize climate-related disclosure requirements for public companies. The SEC’s climate...more
3/23/2022
/ Annual Reports ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Foreign Private Issuers ,
Greenhouse Gas Emissions ,
Proposed Rules ,
Public Comment ,
Publicly-Traded Companies ,
Regulation S-K ,
Regulation S-X ,
Securities and Exchange Commission (SEC)
Upon taking office in January, the Biden Administration immediately prioritized climate change and environmental justice, fulfilling President Biden’s campaign promise. In the past two weeks, President Biden reiterated those...more
11/16/2021
/ Clean Air Act ,
Climate Change ,
Environmental Justice ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
IFRS ,
Infrastructure ,
International Standards ,
Methane ,
Paris Agreement
As President Biden’s first executive orders demonstrate, climate change is now at the heart of the federal environmental policy agenda. Outside of government, there’s a growing momentum among private companies to focus on and...more
In an extended Earth Day event, President Biden hosted the virtual Leaders Summit on Climate (“Summit”) on April 22 and 23, seeking to unite nations around the world in the goal of reducing global greenhouse gas (“GHG”)...more
4/28/2021
/ Biden Administration ,
Brazil ,
Canada ,
Carbon Emissions ,
Clean Air Act ,
Climate Change ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
FSOC ,
Greenhouse Gas Emissions ,
Infrastructure ,
Japan ,
Proposed Legislation ,
U.S. Treasury ,
UK
As part of his comprehensive climate change agenda, President Biden convened a task force to assess the social cost of greenhouse gases. At the end of February, the task force published an interim report estimating the “cost”...more
3/24/2021
/ Biden Administration ,
Carbon Emissions ,
Carbon Taxes ,
Climate Change ,
Cost-Benefit Analysis ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Obama Administration ,
Public Health ,
Regulatory Agenda ,
Regulatory Oversight ,
Rulemaking Process ,
Trump Administration
On December 27, President Donald Trump signed a $1.4 trillion appropriations package funding the government through September 2021 and a $900 billion fiscal stimulus law for coronavirus aid. Media attention has focused on the...more
12/31/2020
/ Biden Administration ,
Carbon Capture and Sequestration ,
CARES Act ,
Climate Change ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Department of Energy (DOE) ,
Energy Sector ,
Greenhouse Gas Emissions ,
HFC Emissions ,
Investment Tax Credits ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Wind Power ,
Zero-Emission Vehicles
Over the weekend, major news outlets announced that former Vice President Joe Biden will be the next president of the United States. Biden and his running mate, Vice Predident-elect Kamala Harris, pledged throughout the...more
11/10/2020
/ Biden Administration ,
Bureau of Land Management ,
Clean Energy ,
Clean Power Plan ,
Climate Change ,
Congressional Review Act ,
Deregulation ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
Green Infrastructure ,
Greenhouse Gas Emissions ,
Infrastructure ,
Legislative Agendas ,
Methane ,
Paris Agreement ,
Presidential Elections ,
Publicly-Traded Companies ,
Rulemaking Process ,
Sustainable Projects ,
Trump Administration
Now that the results of a tumultuous presidential election appear clear, attention shifts to what to expect during President-elect Joe Biden’s first term. It is fair to say that a Biden White House will sharply contrast with...more
11/10/2020
/ Biden Administration ,
Clean Air Act ,
Clean Power Plan ,
Clean Water Act ,
Department of Justice (DOJ) ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Legislative Agendas ,
Regulatory Agenda ,
SAFE ,
US Army Corps of Engineers ,
Waters of the United States