Regulations: Page 8
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Treasury issues proposed guidance on technology-neutral clean energy tax credits
The new credits, which cover wind, solar, hydropower, nuclear, geothermal and other technologies, are “one of the [Inflation Reduction Act’s] most significant reforms,” the Treasury Department said in a release.
By Diana DiGangi • May 31, 2024 -
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White House looks to bolster carbon market credibility
The Biden administration released new principles for responsibly participating in voluntary carbon markets in what was called a “pragmatic step” by the CEO of carbon data platform Sylvera.
By Lamar Johnson • May 30, 2024 -
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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 -
EEI joins AEP, Duke, other utilities in suing EPA over power plant greenhouse gas rule
The trade group for investor-owned utilities contends it is “premature” to set emission limits based on carbon capture technology.
By Ethan Howland • May 29, 2024 -
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American Airlines pilot’s anti-ESG lawsuit certified as class action
The size of the certified class is expected to exceed 100,000, according to court documents, as the airline is accused of violating its ERISA duties.
By Lamar Johnson • May 28, 2024 -
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Opinion3 ESG lessons CFOs can learn from SOX compliance
ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.
By Alessio Lolli • May 28, 2024 -
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Anti-ESG laws hurting Texas economically, unpopular with voters: research
Pro-ESG group Unlocking America’s Future said Texas’ anti-ESG laws are hurting the state’s reputation as being “good for business.”
By Lamar Johnson • May 21, 2024 -
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BlackRock, State Street retain Oklahoma pension system contracts after anti-ESG law pause
Contract renewals for the two firms were on hold due to Oklahoma’s 2022 Energy Discrimination Elimination Act, which got blocked by a district court judge earlier this month.
By Lamar Johnson • May 20, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
Companies may need to reorganize as climate disclosure mandates take shape, says Tim Mohin, a partner and director at Boston Consulting Group.
By Suman Bhattacharyya • May 20, 2024 -
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Schneider Electric purchases IRA tax credits from solar manufacturer
The senior director of renewables for Schneider’s sustainability business called the Inflation Reduction Act’s transferable credits a “revolutionary development.”
By Lamar Johnson • May 17, 2024 -
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Clean energy tax credit market poised to grow under new transferability rules
The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.
By Brian Martucci • May 17, 2024 -
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Q&ARegulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 16, 2024 -
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Congressional Democrats urge SEC to finalize ‘critical’ ESG greenwashing rule
The lawmakers said the rule will address misleading information about sustainable funds “and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers.”
By Lamar Johnson • May 15, 2024 -
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Biden hikes tariffs on China-made EVs, batteries, semiconductors
The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing, while also increasing supply chain control.
By Kate Magill • May 15, 2024 -
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California Gov. Newsom says climate bills are ‘funded’ in his revised state budget
The governor’s original budget proposal for 2024-2025 left out funding needed to implement climate disclosure bills SB 253 and SB 261 — an omission met with much criticism.
By Zoya Mirza • May 14, 2024 -
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Challenge to SEC’s enhanced proxy reporting rule dismissed by appeals court
The Fifth Circuit Court of Appeals said the lawsuit put forward by four Republican-led states lacked standing and failed to provide evidence of alleged increased compliance costs.
By Lamar Johnson • May 13, 2024 -
Courtesy of Red Hat
Red Hat’s DEI program discriminatory, lawsuit says
A senior manager says he was fired for being white and male and retaliated against for his merit-based hiring advocacy.
By Robert Freedman • May 13, 2024 -
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81% of companies not covered by CSRD still plan to comply: Workiva
Workiva’s global vice president of ESG said the EU’s Corporate Sustainability Reporting Directive is becoming the “gold standard,” with or without the SEC’s climate rule.
By Lamar Johnson • May 7, 2024 -
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FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat
The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.
By Zoya Mirza • May 6, 2024 -
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EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 2, 2024 -
Ryan Golden/ESG Dive
EEOC finalizes harassment guidance, addressing remote work and gender identity
Harassment can include “outing” individuals, misgendering, and prohibiting workers from using sex-segregated bathrooms consistent with their gender identity, the agency said.
By Emilie Shumway • May 1, 2024 -
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said Ray Long, CEO and president of the American Council on Renewable Energy.
By Diana DiGangi • April 29, 2024 -
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EPA finalizes fossil-fueled power plant emission rules
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
By Robert Walton • April 26, 2024 -
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Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
By Lauren Schenkman • April 26, 2024 -
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Oklahoma group raises red flag on anti-ESG law as Republicans weigh rollback
The Oklahoma Rural Association said municipalities are facing increased borrowing costs, as state representatives look to exempt subdivisions from the law.
By Lamar Johnson • April 24, 2024 -
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House GOP spearheads legislation to strike down SEC climate disclosure rule
The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.
By Lamar Johnson • April 18, 2024
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