Regulations
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Retrieved from Nostromo Energy on December 19, 2024
Nostromo Energy receives $305M conditional commitment from DOE for thermal energy storage system
If finalized, the loan will support up to 193 IceBrick installations in commercial buildings across California, scaling the ice-based system’s integration with virtual power plants, the company says.
By Nish Amarnath • Dec. 20, 2024 -
Colin Campbell/ESG Dive
EPA grants California waivers for truck, car emissions rules
Opponents to the rules expect the waivers will be short lived with a change in administration coming in January.
By Colin Campbell • Dec. 20, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from ESG Dive
This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.
By ESG Dive staff -
David McNew via Getty Images
White House targets 61-66% GHG reductions by 2035
“Broad participation in the development, implementation, and evaluation of emissions reduction measures will play an important role in reaching the target,” the White House said.
By Lamar Johnson • Dec. 19, 2024 -
Justin Sullivan via Getty Images
PG&E gets $15B from DOE’s loan office for hydropower, battery buildout
The gas and electric utility company expects the deal to close before President-elect Donald Trump takes office in January.
By Lamar Johnson • Dec. 18, 2024 -
Drew Angerer via Getty Images
More than 70 investors have left Climate Action 100+ since GOP probe: House Judiciary
The disclosure was made in an interim report that alleges climate coalitions developed a playbook to push “disfavored” companies towards net-zero.
By Lamar Johnson • Dec. 17, 2024 -
Kate Tornone/ESG Dive
DOL kills apprenticeship rule aimed to increase DEI, raise labor standards
Lawmakers and business groups objected to the burden the rule might place on small businesses and expressed concerns regarding its diversity proposals.
By Kathryn Moody • Dec. 17, 2024 -
Joe Raedle via Getty Images
Texas AG sues 3M, DuPont over PFAS-linked products
Texas Attorney General Ken Paxton alleged that the companies marketed products containing the forever chemicals as safe, despite knowing of potential harms for over 50 years.
By Lamar Johnson • Dec. 16, 2024 -
Michael M. Santiago via Getty Images
Appeals court rejects Nasdaq effort to boost director diversity
The Fifth Circuit found that the Securities Exchange Act doesn’t allow a stock exchange to require listed companies to report directors’ race and gender.
By Justin Bachman • Dec. 13, 2024 -
Justin Sullivan via Getty Images
California to ease enforcement action on climate rules for first year of reporting
The California Air Resources Board said it would “not take enforcement action” on entities subject to Senate Bill 253 for incomplete reporting during the first reporting cycle due 2026.
By Zoya Mirza • Dec. 12, 2024 -
Courtesy of Target
Court blocks Target’s attempt to move, dismiss DEI-related shareholder suit
The lawsuit argued that Target’s “DEI/ESG mandates” had a “known risk of adverse customer reactions,” and should have therefore been disclosed in investor statements.
By Caroline Colvin • Dec. 12, 2024 -
Brendan Hoffman via Getty Images
Trump’s SEC pick sparks concern from ESG, climate experts
The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.
By Zoya Mirza • Dec. 5, 2024 -
Chip Somodevilla via Getty Images
Inflation Reduction Act changes ‘not a Day 1 priority’ for Trump, Congress: Crux
Though a full repeal of the 2022 climate law is unlikely, a Republican-controlled legislature could repeal or phase out some of its individual provisions beginning next year, policy experts said.
By Brian Martucci • Dec. 3, 2024 -
George Frey via Getty Images
BlackRock, Vanguard, State Street sued by Texas, red states
The three firms are accused of forming “a cartel to rig the coal market,” but State Street and BlackRock called the lawsuit “baseless” in separate statements to ESG Dive.
By Lamar Johnson • Updated Dec. 2, 2024 -
Mario Tama via Getty Images
Phillips 66 indicted over alleged wastewater dumping violations in LA
The company is charged with six counts of Clean Water Act violations related to two discharges from the company’s Los Angeles area refineries into the local sewage system.
By Lamar Johnson • Nov. 26, 2024 -
Drew Angerer via Getty Images
SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement
In one of his most widely criticized moves, Gensler gained SEC approval this year for a regulation requiring companies to disclose the impact of climate change on their finances, operations and business strategy.
By Jim Tyson • Nov. 22, 2024 -
anatoliy_gleb via Getty Images
IRS finalizes direct pay rules, increasing access to IRA’s clean energy tax credits
Direct-pay-eligible entities like local governments, public school districts, churches and hospitals will more easily be able to jointly invest in clean energy projects under rules released Tuesday.
By Diana DiGangi • Nov. 20, 2024 -
Linked In/Fair use
Trump picks oil services CEO Chris Wright to lead Energy Department, alarming climate groups
Wright is the CEO of Liberty Energy, which is engaged in lawsuits over the Labor Department's ESG rule and the Securities and Exchange Commission's climate-risk disclosure rule.
By Robert Walton • Nov. 18, 2024 -
Mario Tama via Getty Images
American Petroleum Institute gives Trump a deregulatory policy wishlist
The organization seeks to have a number of Biden era regulations that focus on increasing electric vehicle adoption and slowing natural gas exports rescinded.
By Lamar Johnson • Nov. 15, 2024 -
Chip Somodevilla/Getty Images via Getty Images
2024 ElectionsTrump win is ‘setback’ for climate protection, but clean energy advocates say progress will continue
Trump’s victory means a Republican will be selected to lead FERC, which will likely work to rein in transmission incentives, said Tyson Slocum, director of Public Citizen's Energy Program.
By Robert Walton • Nov. 14, 2024 -
Sean Gallup via Getty Images
Opinion // COP29What COP29 entails for the global energy transition, business priorities
COP29 will be a “critical moment” in the global climate transition, further shaping the ESG landscape and motivating companies to ramp up sustainability initiatives, says Workiva’s chief sustainability officer.
By Mandi McReynolds • Nov. 13, 2024 -
Apu Gomes via Getty Images
ExxonMobil urges Trump not to withdraw from Paris Agreement again
“A second U.S. exit from the Paris Climate Agreement will have profound implications for the United States’ efforts to reduce its own emissions,” an Exxon spokesperson told ESG Dive.
By Lamar Johnson • Nov. 13, 2024 -
Brandon Bell via Getty Images
California biofuel restrictions limit farms’ role in renewable energy transition
New changes to the state's low carbon fuel standard cap incentives for soybean oil in renewable diesel and give a timeline to phase out subsidies for dairy methane digesters.
By Sarah Zimmerman • Nov. 13, 2024 -
Justin Sullivan/Getty via Getty Images
California’s climate disclosure laws survive first legal challenge
A federal judge denied a motion for summary judgment from the U.S. Chamber of Commerce which alleged the state’s climate bills — SB 253 and SB 261 — violated the First Amendment.
By Zoya Mirza • Nov. 12, 2024 -
Chip Somodevilla via Getty Images
Trump taps former Rep. Lee Zeldin to lead EPA
The Trump administration will likely roll back EPA regulations affecting fossil-fuel power plants, including a carbon emissions rule, according to Michelle Bloodworth, president and CEO of America’s Power.
By Ethan Howland • Nov. 12, 2024 -
Chip Somodevilla via Getty Images
SEC charges Invesco $17.5M for misleading ESG statements
“Companies should be straightforward with their clients and investors rather than seeking to capitalize on investing trends and buzzwords,” the acting head of SEC enforcement said.
By Lamar Johnson • Nov. 11, 2024
