Regulations: Page 8
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FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners
The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010.
By Lamar Johnson • Sept. 10, 2024 -
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Nasdaq partners with Crux to help companies access clean energy tax credits
The team-up will grant Nasdaq ESG Solution clients access to Crux’s platform of clean energy project developers and manufacturers to purchase transferable tax credits.
By Lamar Johnson • Sept. 9, 2024 -
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Morgan Stanley drops plastic pollution financing goal
A spokesperson for the bank told ESG Dive it would no longer have the standalone goal due to data availability and quality challenges as required climate disclosures near.
By Lamar Johnson • Sept. 6, 2024 -
Justin Sullivan via Getty Images
Coca-Cola must face greenwashing lawsuit: D.C. Appeals Court
The appeals court reversed a prior dismissal, ruling environmental nonprofit Earth Island Institute made plausible allegations the beverage company overstates its environmental efforts.
By Lamar Johnson • Sept. 4, 2024 -
AzmanL via Getty Images
Q&A5 keys to strong organizational sustainability governance: MorganFranklin Consulting
Andrew Rizkallah, who leads the firm's ESG advisory services, explained how to beef up key reporting processes or start from scratch.
By Lamar Johnson • Aug. 30, 2024 -
Brandon Bell via Getty Images
American Sustainable Business Council sues Texas over anti-ESG law
The organization alleged that the 2021 law violates its members rights to speech and free association, as well as due process, and are seeking an injunction.
By Lamar Johnson • Aug. 29, 2024 -
Retrieved from FHWA.
Low-carbon materials a ‘huge opportunity’ to green the transportation sector
The Department of Transportation is releasing $800 million to reimburse builders for using cleaner construction products, Federal Highway Administrator Shailen Bhatt said
By Julie Strupp • Aug. 28, 2024 -
Justin Sullivan via Getty Images
Hawaii $4B fire settlement would prevent insurers’ clawback claims
A deal to resolve hundreds of lawsuits from the devastating 2023 Maui fires could collapse without a resolution on insurers’ recoupment rights against defendants.
By Justin Bachman • Aug. 28, 2024 -
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Deer Park water owner has microplastics greenwashing suit dismissed
Earlier this month, a federal judge ruled that the class-action complaint against BlueTriton was preempted by federal law, but the plaintiffs recently amended their complaint.
By Lamar Johnson • Aug. 27, 2024 -
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BlackRock hit with cease-and-desist by Indiana secretary of state
The Hoosier State alleged 54 counts of securities violations in what BlackRock called “a politically motivated attack.”
By Lamar Johnson • Aug. 26, 2024 -
Chip Somodevilla via Getty Images
Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule
Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.
By Lamar Johnson • Aug. 20, 2024 -
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Federal judge issues permanent injunction on Missouri anti-ESG rules
The court ruled that a pair of the state’s rules on socially responsible investing are preempted by national laws covering securities and pensions — and also unconstitutional.
By Lamar Johnson • Aug. 16, 2024 -
Brandon Bell via Getty Images
Texas adds NatWest to its fossil fuel divestment list
The list that now includes 16 companies has only one U.S. firm, BlackRock, raising questions on whether Texas avoids punishing Wall Street giants for their fossil fuel stance.
By Rajashree Chakravarty • Aug. 16, 2024 -
Justin Sullivan via Getty Images
United Airlines gets sustainable fuel greenwashing lawsuit tossed
A federal court dismissed a class-action suit brought against the airline that alleged it deceptively advertised its sustainable aviation fuel efforts.
By Lamar Johnson • Aug. 15, 2024 -
Justin Sullivan/Getty Images via Getty Images
EPA unveils labels for green construction materials
The program will support the Biden administration’s Buy Clean Initiative to boost lower-carbon building products on federal projects.
By Julie Strupp • Aug. 13, 2024 -
CRobertson via Getty Images
Louisiana gives NZBA members underwriting approval despite anti-ESG law
Net-Zero Banking Alliance members were approved as underwriters for state bonds “under a yellow caution flag.”
By Lamar Johnson • Aug. 12, 2024 -
Brendan Smialowski / Stringer via Getty Images
SEC defends its authority for climate disclosure rule in court
The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.
By Lamar Johnson • Aug. 8, 2024 -
lyash01 via Getty Images
Biden administration appealing injunction against LNG pause
A district court judge dismissed 11 of 16 charges against the administration but restricted it from further halting or pausing approvals for new liquefied natural gas export terminals.
By Lamar Johnson • Aug. 7, 2024 -
Edwin Tan via Getty Images
Nat’l Association of Counties defends against attacks on its fiduciary duties
The organization representing about 3,000 U.S. counties passed a resolution opposing interference in its investment decisions as part of its 2024-25 platform.
By Lamar Johnson • Aug. 6, 2024 -
Justin Sullivan via Getty Images
Wells Fargo faces lawsuit for alleged sham DEI hiring effort
The bank is said to have interviewed diverse candidates for jobs that were already filled or for which they weren’t qualified to polish its DEI credentials.
By Robert Freedman • Aug. 6, 2024 -
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House Republicans issue final ESG Working Group report
The Republican group housed within the House Financial Services Committee said the current proxy system is “an environment ripe for abuse.”
By Lamar Johnson • Aug. 5, 2024 -
Jemal Countess via Getty Images
Window to repeal SEC climate disclosure rule closes
While congressional Republicans failed to repeal the rule through the Congressional Review Act, the rule is still being targeted by policy riders in the appropriations process.
By Lamar Johnson • Aug. 2, 2024 -
Chip Somodevilla via Getty Images
House Judiciary probes Climate Action 100+ members as ESG investigation continues
The Republican heads of the Judiciary Committee and one subcommittee sent letters to over 130 U.S.-based companies, systems and funds associated associated with CA100+.
By Lamar Johnson • Aug. 1, 2024 -
Kate Tornone/ESG Dive
State of the Labor Dept. ESG rule in a post-Chevron landscape
An ongoing challenge to a rule allowing pension fund managers to consider ESG factors stands as a litmus test under a recent Supreme Court ruling.
By Lamar Johnson , Zoya Mirza • Updated May 1, 2025 -
Elizabeth Lara via Getty Images
Oklahoma judge permanently blocks state’s anti-ESG law
The ruling extends a temporary injunction against the law issued in May, though Oklahoma Attorney General Gentner Drummond said he will bring an appeal to the state Supreme Court.
By Lamar Johnson • July 23, 2024
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