Regulations: Page 9
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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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OpinionThe time is ripe for utilities to play a larger role in the energy transition
Utilities should provide upfront support to low- and moderate-income customers customers for residential electrification and decarbonization measures to prevent them from being stuck on the existing fossil fuel systems.
By Dan Bakal • April 18, 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 -
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Volkswagen subsidiary to pay nearly $49M in SEC fraud case
The SEC claims the finance unit sold bonds at a time when senior Volkswagen executives knew that more than 500,000 of their vehicles in the United States “grossly exceeded legal vehicle emissions limits.”
By Haley Cawthon • April 12, 2024 -
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House GOP begins congressional challenge to SEC climate disclosure rule
House Financial Services Committee Chair Patrick McHenry said the agency’s voluntary pause is “not enough.”
By Lamar Johnson • April 11, 2024 -
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‘It’s important to get going’: How fashion is navigating the many complexities of sustainability
Understanding supply chains is key to both regulatory compliance and scaling solutions, executives said at an American Apparel & Footwear Association event.
By Ben Unglesbee • April 10, 2024 -
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Citi, TD, HSBC, Northern Trust added to West Virginia restricted list
The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.
By Caitlin Mullen • April 9, 2024 -
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SEC reiterates no scope 3 in final climate rule
Agency officials are starting to educate industry stakeholders and investors on the paused rule’s required disclosures, while defending it in court.
By Lamar Johnson • April 9, 2024 -
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After months of conflict, Stellantis strikes emissions deal with California
The automaker will follow the state’s emissions standards, even if the federal government or judicial action bars the state from enforcing them.
By Kalena Thomhave • April 8, 2024 -
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SEC stays climate-risk disclosure rule as it works through legal challenges
The agency maintains that the regulation is within the agency’s authority and said it “will continue vigorously defending the Final Rules’ validity in court.”
By Lamar Johnson • April 4, 2024 -
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Climate rule ‘mandates disclosures not financially material to investors,’ says SEC Commissioner
Commissioner Mark Uyeda’s comments Tuesday mirrored his March 6 testimony opposing the passage of the agency’s climate disclosure rule.
By Zoya Mirza • April 4, 2024 -
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Powell: Fed tracks emerging ‘material’ risks, but not a climate policymaker
“Policies to address climate change are the business of elected officials and those agencies that they have charged with this responsibility,” Federal Reserve Chair Jerome Powell said.
By Lamar Johnson • April 4, 2024 -
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How solar manufacturers can leverage IRA clean energy tax credits
More than 500 companies and 45,500 projects registered for clean energy tax credits under the law as of March 8.
By Joelle Anselmo • April 4, 2024 -
Zoya Mirza/ESG Dive
Regulation compliance and curbing emissions were key themes at Responsible Business USA 2024
Panel discussions centered on decarbonizing supply chains, navigating a complex political climate, preparing emissions disclosures and more.
By Zoya Mirza • April 3, 2024 -
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White House funds $6B to decarbonize US industrial sector
The Department of Energy offered grants for 33 projects in eight historically high carbon-emitting industries such as aluminum, concrete and chemicals.
By Joelle Anselmo • April 2, 2024 -
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Congressional DEI office closes as part of government cuts
While shrinking resources are to blame, this marks another sign of a DEI backslide in the U.S.
By Caroline Colvin • April 1, 2024 -
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SEC asks 8th Circuit not to pause climate rule pending challenges
The agency said Liberty Energy and Nomad Proppant Services have “identified no imminent harm” that would justify halting the rule’s implementation.
By Lamar Johnson • March 29, 2024 -
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Mississippi hits BlackRock with cease and desist order over ESG investments
The secretary of state accused the world’s largest asset manager with securities fraud and said it could face a multimillion-dollar administrative penalty.
By Lamar Johnson • March 28, 2024 -
Zoya Mirza/ESG Dive
SEC climate rule ‘consistent’ with global trends despite backlash, experts say
Panelists at Responsible Business USA 2024 said the agency’s disclosure regulation was “not a radical thing,” in spite of the flurry of lawsuits filed against it, as similar rules already exist.
By Zoya Mirza • March 27, 2024 -
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SEC battles climate disclosure rule legal challenges
The agency faces nine petitions to the rule consolidated in the U.S. Eighth Circuit of Appeals, including suits collectively co-filed by 25 states.
By Zoya Mirza , Lamar Johnson • Updated Aug. 20, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
OpinionThe SEC makes the call: Climate risk equals financial risk
When the SEC’s climate disclosure rule is paired with other climate reporting directives, the shift within the financial landscape will be monumental.
By Bob Hinkle • March 27, 2024 -
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Labor Dept. responds to Republican AGs appeal of ESG 401(k) rule
Liberty Energy, which also is challenging the Securities and Exchange Commission’s climate disclosure rule, joined the 26 states in the appeal.
By Lamar Johnson • March 26, 2024 -
Dillard’s pays $70K to worker who claimed retaliation for reporting race, pregnancy bias
A store manager rescinded the employee’s existing accommodation and punitively transferred her, EEOC alleged.
By Ryan Golden • March 26, 2024 -
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Citi agrees to disclose green financing ratios, following JPMorgan
The New York City comptroller has withdrawn shareholder proposals with the two banks. The measure faces votes at four other banks.
By Lamar Johnson • March 25, 2024 -
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Treasury issues clarifying guidance on the IRA’s energy community bonus credit
The guidance expands the definition of an energy community and the nameplate capacity attribution rule for offshore wind projects.
By Diana DiGangi • March 25, 2024 -
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SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 22, 2024
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