20 Dec, 2024 Montana Supreme Court Upholds Climate Ruling Enshrining Right to a "Stable Climate" By Jacob H. Hupart On December 18, 2024, the Montana Supreme Court issued a ruling upholding a lower state court's decision that, under Montana's...
19 Dec, 2024 EU Seeks to Improve ESG Ratings By Jacob H. Hupart On November 19, 2024, the EU Council adopted a new regulation on ESG ratings, which “aim[s] at making rating activities in the EU more...
18 Dec, 2024 California Regulator Solicits Public Input Into Development of Mandatory Climate Disclosure Regulation By Jacob H. Hupart On December 16, 2024, the California Air Resources Board--the regulatory agency responsible for implementing California's mandatory...
13 Dec, 2024 California States It Will Exercise "Enforcement Discretion" for First Year of Climate Disclosures If Companies Act in Good Faith By Jacob H. Hupart On December 5, 2024, the California Air Resources Board--the agency responsible for implementing California's climate disclosure...
04 Dec, 2024 Eleven States Sue Asset Managers for Alleged ESG Antitrust Violations By Jacob H. Hupart The day before Thanksgiving, eleven Republican state attorneys-general (representing Texas, Alabama, Arkansas, Indiana, Iowa, Kansas,...
03 Dec, 2024 EU Rules Will Impose Mandatory Climate Disclosures on U.S. Companies By Jacob H. Hupart According to a recent report, the climate disclosure rules recently promulgated by the European Union will compel more than 3,000 U.S....
02 Dec, 2024 Maine Sues Major Fossil Fuel Companies By Jacob H. Hupart Last week, the State of Maine became the latest state or local government to sue the major fossil fuel companies for damages related to...
26 Nov, 2024 Dutch Appeals Court Rules That Shell Does Not Need to Reduce Its CO2 Emissions by Specific Amount By Jacob H. Hupart Three years ago, a court in the Netherlands had ruled that Shell--a multinational fossil fuel company based in the Netherlands--had the...
26 Nov, 2024 SEC Issues Risk Alert About Greenwashing and ESG Disclosures By Jacob H. Hupart On November 4, the SEC's Division of Examinations issued a risk alert that identified systematic problems with funds' ESG disclosures. ...
25 Nov, 2024 SEC Imposes $17.5 Million Fine Against Investment Adviser for Greenwashing By Jacob H. Hupart On November 8, the SEC and an investment advisor entered into a settlement to resolve an administrative proceeding featuring allegations...
25 Nov, 2024 California Climate Disclosure Rules Survive Significant Early Challenge By Jacob H. Hupart On November 5, a federal district court judge in California denied plaintiffs' motion for summary judgment in a facial challenge to...
22 Oct, 2024 SEC Fines Investment Adviser $4 Million for Improper Labeling of ESG Funds By Jacob H. Hupart On October 21, 2024, the SEC imposed a fine of $4 million on investment adviser WisdomTree Asset Management Inc. for improperly labeling...
11 Oct, 2024 State Court Rules California Has Jurisdiction Over Fossil Fuel Companies In Connection With Climate Change Lawsuits By Jacob H. Hupart Over the past several years, there have been more than three dozen lawsuits launched against the major fossil fuel companies seeking...
10 Oct, 2024 Alleged Carbon Markets Fraud Leads to Criminal Charges By Jacob H. Hupart The U.S. Attorney's Office for the Southern District of New York recently launched a criminal prosecution in connection with “a scheme to...
10 Oct, 2024 Hawaii Supreme Court Rules That Insurance Policies Do Not Cover Fossil Fuel Companies' Climate Change Damages Caused by Greenhouse Gas Emissions By Jacob H. Hupart This week, the Hawaii Supreme Court--in response to certified questions of law from the federal district court in Hawaii--held that the...
02 Oct, 2024 California Governor Newsom Signs Bill Re-Affirming 2026 Start Date for Climate Disclosures By Jacob H. Hupart This summer, California Governor Newsom had proposed that California delay the implementation date of its climate disclosure law for two...