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Supreme Court Rules Against EPA Reining in Power of Agencies

By Stuart Kaplow on Posted in Climate Change, Federal, GHG, greenhouse gas
Save the date, Tuesday, August 16 from 9 to 10 am EST, for our complimentary live webinar, “Are You Ready to Measure and Report your Building GHG Emissions?” Information skaplow@stuartkaplow.com In a decision that will rein in agency power across the federal government, the U.S. Supreme Court ruled today that Congress did not clearly authorize … Continue Reading

SEC Proposes Two Rules as Cairns to Prevent Misleading ESG Claims

By Stuart Kaplow on Posted in Codes and Regulations, ESG, Federal, GHG
The Securities and Exchange Commission published in the Federal Register last Friday, June 17, 2022, proposed rules for new naming requirements and disclosures for investment funds making ESG claims. It would be a mistake for the broader business community to ignore these two rules interpreting them narrowly as only regulating asset managers at investment industry … Continue Reading

Uyghur Forced Labor Prevention Act to be Enforced June 21

By Stuart Kaplow on Posted in Codes and Regulations, ESG, Federal, Solar Panel
Congress passed, and on December 23, 2021 President Biden signed into law, the Uyghur Forced Labor Prevention Act. The new law that will be enforced beginning June 21, 2022 has implications for imported cotton and tomatoes and most significantly for solar panels. The Act, codified at 22 U.S.C. §6901, establishes a rebuttable presumption that any … Continue Reading

SEC Charges Mining Company with Misleading Investors in its ESG Disclosures

By Stuart Kaplow on Posted in Codes and Regulations, ESG
The U.S. Securities and Exchange Commission last month charged Vale S.A., a publicly traded Brazilian mining company and one of the world’s largest iron ore producers, with making false and misleading claims about the safety of the Brumadinho dam including through its environmental, social, and governance (ESG) disclosures. According to the SEC’s complaint, for years, … Continue Reading

You Should Comment on the SEC’s Transformative Proposed ESG Rule

By Stuart Kaplow on Posted in Codes and Regulations, Federal, GHG
Note, after this was posted, the SEC extended the public comment period on the proposed rulemaking to enhance and standardize climate related disclosures from the originally scheduled close date of May 20, 2022 until June 17, 2022. We posted some weeks ago when the U.S. Securities and Exchange Commission issued a long awaited proposed new … Continue Reading

California Racial, Ethnic and LGBT Quotas for Company Boards Ruled Unconstitutional

By Stuart Kaplow on Posted in Codes and Regulations, ESG
Last Friday a California court ruled unconstitutional the state’s racial, ethnic, and LGBT quotas for corporate boards of directors. This now voided law had been an ideological lodestone for the “G” (governance) in ESG. Superior Court judge, the Honorable Terry Green, granted the plaintiff’s motion for summary judgment without a trial in Robin Crest, et … Continue Reading

The UK Sets the Scene for Mandatory ESG Laws in the Western World

By Stuart Kaplow on Posted in Climate Change, Codes and Regulations, ESG
As we in the U.S. await action by the federal government on mandatory ESG laws, the United Kingdom has become the first European Union country to enact mandatory ESG disclosure laws. These new reporting requirements are of import beyond the shores of Great Britain in that they portend what government mandates are to come across … Continue Reading

New SEC Guidance Portends More Stockholder ESG Activism

By Stuart Kaplow on Posted in Codes and Regulations, ESG, Sustainability
I am excited to be presenting a fast paced and fun one hour virtual program, “Environmental Social Governance (ESG) an Emergent and Fast Growing Area of the Law” for the Maryland State Bar Association Environmental & Energy Section on December 14, 2021 at noon. Registration will be open to all; not just lawyers. Registration for … Continue Reading

Department of Labor Proposes to Remove Barriers to Considering ESG in Plan Management

By Stuart Kaplow on Posted in Climate Change, Codes and Regulations, ESG
ESG has become such a large component of my law practice that I am now collaborating with a fabulous group attorneys in ESG Legal Solutions, LLC, a new non-law consulting firm. Nancy Hudes and I are now publishing a new blog at www.ESGLegalSolutions.com (.. yes, this blog will continue). This post originally appeared in that blog. If … Continue Reading

Phase l Environmental Site Assessment Standard Being Revised

By Stuart Kaplow on Posted in Codes and Regulations, Environmental, ESG
EPA final action on ASTM International’s E1527-21 “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment is currently in limbo. On March 14, 2022, after this blog post, EPA took direct final action to amend the Standards and Practices for All Appropriate Inquiries to reference ASTM International’s E1527-21. The rule was to have … Continue Reading

DuPont Resolves PFAS Claims with Delaware

By Stuart Kaplow on Posted in Environmental, Federal
The State of Delaware and E. I. du Pont de Nemours and Company, The Chemours Company, DuPont de Nemours, Inc. and Corteva, Inc. (all “DuPont” related companies), businesses having operated in the State for more than 200 years, announced a sweeping settlement agreement last week. Under the settlement agreement, the DuPont agreed to pay $50 … Continue Reading

Fireworks Cause Air Pollution But

By Stuart Kaplow on Posted in Codes and Regulations, Environmental
In a literally explosive example of the right balance between environmental protection and people’s desire to celebrate is no environmental regulation, despite that fireworks degrade air quality with particulate matter, in the United States society has decided that the pyrotechnic festivities must go, especially after many were cancelled in the pandemic last year. Fireworks have … Continue Reading
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