Regulations: Page 6

  • Ohio Attorney General Dave Yost gives a speech.
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    Justin Merriman via Getty Images
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    Ohio, Kentucky, Tennessee sue SEC to block climate rule, build on Republican-led backlash

    The trio of states, led by Ohio Attorney General Dave Yost, have asked a federal court to review the rule and stop the agency from “overstepping its authority.”

    By • March 20, 2024
  • SEC Chair sits with an even expression
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    Chip Somodevilla via Getty Images
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    Federal appeals court pauses SEC climate rule implementation

    The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.

    By • March 19, 2024
  • Visual displaying components of ESG. Explore the Trendline➔
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    TarikVision via Getty Images
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    Trendline

    Top 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
  • A fuel pump in focus in front of a line of waste trucks.
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    Permission granted by Clean Energy Fuels
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    Deep Dive

    How a new wave of clean fuels bills could spur a biogas boom

    New Mexico just became the fourth state to enact a program, which has the potential to give biogas projects from landfills and on-farm digesters a boost. Could more states soon follow?

    By Jacob Wallace • March 18, 2024
  • Analyst working with business analytics and data management system to generate report with metrics.
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    NicoElNino via Getty Images
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    Determining if GHG is material to your company: KPMG’s ESG audit leader

    Maura Hodge said companies will need to take a quantitative and qualitative approach to gauge whether to disclose scope 1 and scope 2 emissions.

    By • March 13, 2024
  • A rooftop solar installation against the backdrop of the Chrysler Building and the Empire State Building in midtown Manhattan.
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    FernandoAH via Getty Images
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    New York City bill would mandate solar panels on public buildings

    The legislation would require 100 megawatts of solar photovoltaic systems to be installed on the roofs of city-owned buildings by the end of 2025, with a broader goal of 150 MW by 2030.

    By Nish Amarnath • March 13, 2024
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    SEC’s climate disclosure rule: from proposal to approval

    A look at the agency’s two-year journey to finalizing the rule amid a backdrop of conflicting opinions on its authority.

    By , • March 13, 2024
  • Solar panels are mounted on the west wing roof of the Oregon State Capitol.
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    Melanie Conner via Getty Images
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    Oregon retirement fund to divest $1B from coal industry under new bill

    Alongside its decarbonization directives, the bill also states that divestments “must be accomplished without monetary loss to the investment funds.”

    By • March 11, 2024
  • Oil rigs at sunset
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    David McNew via Getty Images
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    Appeals court upholds oil permitting pause in California’s Kern County

    The ruling sends the county back to the drawing board on both its environmental report and amendments to its permitting process for new oil and gas wells.

    By • March 11, 2024
  • A tractor turns hay in a field under a partly cloudy sky.
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    David Silverman via Getty Images
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    USDA counters claims over misuse of climate funds

    An Environmental Working Group report says the majority of climate-smart agriculture funding go toward projects with no proven sustainability benefits.

    By Nathan Owens • March 11, 2024
  • People seen protesting for climate change.
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    David McNew via Getty Images
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    SEC faces legal action from environmental groups over ‘significantly weaker’ climate rule

    Sierra Club said it will also take action to defend the SEC’s authority to implement such a rule.

    By • March 8, 2024
  • West Virginia Attorney General Patrick Morrisey
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    Patrick Smith via Getty Images
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    10 Republican-led states file lawsuit to block SEC’s climate disclosure rule

    The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.

    By • March 8, 2024
  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    Conflicting views on SEC’s authority set the tone for climate disclosure rule vote

    The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.

    By , • March 7, 2024
  • SCOTUS affirmative action ruling
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    xavierarnau via Getty Images
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    SCOTUS affirmative action ruling leaves opening for corporate DEI, former AG Holder says

    A carve-out for military academies suggests that what applies to educational institutions doesn’t necessarily extend to the business world.

    By Suman Bhattacharyya • March 7, 2024
  • Gary Gensler points
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    Alex Wong via Getty Images
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    SEC approves final climate disclosure rule, starts compliance countdown

    The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.

    By • March 6, 2024
  • Colleagues at business meeting in conference room.
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    FangXiaNuo via Getty Images
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    Meeting ESG requirements is ‘significantly more challenging,’ say executives: Workiva

    The study found that companies are at various stages of preparedness, with new pressure on firms to refine data collection, reporting and verification systems.

    By Suman Bhattacharyya • March 6, 2024
  • Gary Gensler smiles as he prepares to sit and testify
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    Drew Angerer via Getty Images
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    SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting

    The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

    By • Updated March 6, 2024
  • Gary Gensler is in focus speaking with a finger raised in front of a name card. An aide sits behind him out of focus.
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    Kevin Dietsch via Getty Images
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    A primer on the SEC’s climate disclosure rule ahead of its vote

    A look at the rule the agency proposed in 2022, what’s expected to change and what will be finalized at Wednesday’s vote.

    By • March 5, 2024
  • A sign hangs on the BlackRock offices
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    Andrew Burton via Getty Images
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    Mounting ESG scrutiny could affect revenues, reputation: BlackRock

    Increasing domestic and international ESG regulations could increase compliance costs and uncertainty, the firm said in its annual SEC filing.

    By • March 4, 2024
  • West Virginia state capitol
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    Archive Photos via Getty Images
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    West Virginia warns 6 banks they’re headed for restricted list over fossil fuel stances

    BMO Bank, Citibank, Fifth Third Bank, Northern Trust, TD Bank and HSBC all received notices, according to West Virginia Public Broadcasting.

    By • March 1, 2024
  • Wind farm and electricity pylons in the desert of Coachella Valley, California.
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    Phil Augustavo via Getty Images
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    Slowing wind installations threaten emissions progress under the IRA: report

    More action on transmission may be needed for the Inflation Reduction Act to reach its full potential on climate, but the success of solar and batteries in particular could also hold policy lessons, an Energy Innovation report said.

    By Emma Penrod • March 1, 2024
  • KPMG logo is displayed on its office building.
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    Jack Taylor via Getty Images
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    Scope 3 will be a focus for large companies regardless of SEC rule outcome, KPMG says

    Large companies will still need to track scope 3 emissions as part of California and European Union requirements, analysts said.

    By Suman Bhattacharyya • March 1, 2024
  • An American Airlines plane lands
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    Joe Raedle via Getty Images
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    American Airlines pushes back after failed dismissal of pilot’s anti-ESG lawsuit

    The Texas-based airline said its pilot has provided no breach or loss to support his claims and asked the judge to rule solely on the merits of the case.

    By • Feb. 29, 2024
  • Securities and Exchange Commission Chair Gary Gensler speaks during a hearing.
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    Kevin Dietsch via Getty Images
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    SEC to vote on climate disclosure rule next week

    The agency will “consider whether to adopt rules to require registrants to provide certain climate-related information” at a March 6 open commission meeting.

    By • Feb. 29, 2024
  • House Oversight Committee chairman Rep. James Comer listens to a hearing
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    Drew Angerer via Getty Images
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    House GOP launches new probe into ESG investing

    Oversight Committee Chair James Comer asked the Federal Reserve whether industry coalitions with ESG goals could constitute control of regulated companies.

    By • Feb. 28, 2024
  • Tanker trucks drive past an ExxonMobil oil refinery.
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    Scott Olson via Getty Images
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    ExxonMobil forges ahead with lawsuit against ESG investors

    “The true goal of Exxon's legal attack is preventing shareholders from voting on its greenhouse gas emissions,” said Follow This founder Mark van Baal.

    By • Feb. 27, 2024