8/14/2025 1:49:02 PM Federal District Court Rejects Challenge to California's Climate Disclosure Law By Jacob H. Hupart On August 13, 2025, the challenge to the State of California's mandatory climate disclosure regulations was resoundingly rejected by...
8/11/2025 9:10:18 PM Trump Executive Order Attacks "De-banking" Practices By Jacob H. Hupart On August 7, 2025, President Trump issued an executive order targeting the practice of de-banking--as described in the executive order,...
8/11/2025 6:50:19 PM Florida Attorney-General Bans Outside Counsel with DEI & ESG Policies By Jacob H. Hupart The State of Florida's Attorney-General has increased the scope of his offensive against DEI and ESG initiatives. Not only has the...
8/7/2025 8:58:43 PM Climate Tort Lawsuit in South Carolina Dismissed by State Court By Jacob H. Hupart On August 6, 2025, a state court judge in South Carolina dismissed the climate change tort lawsuit filed by the City of Charleston...
8/4/2025 8:57:05 PM European Union Proposes Reduction in Climate Reporting Obligations By Jacob H. Hupart Last week, significant revisions were proposed to the European Union's ESG reporting rules, which reflect a major simplification and...
8/4/2025 6:41:48 PM Red State AGs ESG Antitrust Complaint Against Asset Managers Survives Motion to Dismiss By Jacob H. Hupart Last fall, a coalition of eleven Republication attorneys-general filed an antitrust complaint against three major asset managers,...
7/29/2025 9:44:09 PM Florida AG Announces Investigation into Climate Nonprofits for Alleged Violations of Consumer Protection and Antitrust Laws Based Upon Environmental Disclosures By Jacob H. Hupart On July 28, 2025, the Republican Attorney-General of Florida announced that his office had “issued subpoenas to investigate whether the...
7/24/2025 8:33:00 PM SEC Refuses to Answer Whether It Will Enforce Climate Disclosure Law If Upheld by Courts By Jacob H. Hupart On July 23, 2025, there was a notable development in the legal proceeding (currently pending in the Eighth Circuit) challenging the...
7/23/2025 7:29:19 PM Missouri AG Launches Investigation of Proxy Advisory Firms Related to Alleged ESG-Focused Recommendations By Jacob H. Hupart The Missouri Attorney-General, Republican Andrew Bailey, recently announced an investigation into the two principal proxy advisory firms...
7/23/2025 6:02:57 PM European Central Bank Plans to Fine Banks for Failures to Address Climate Change By Jacob H. Hupart It has been publicly reported that the European Central Bank is planning to impose financial penalties (albeit modest ones) on certain...
7/15/2025 9:21:13 PM California Issues Additional Guidance Concerning Mandatory Climate Disclosures By Jacob H. Hupart Last week, the California Air Resources Board ("CARB")--the agency responsible for implementing California's mandatory climate...
7/1/2025 1:54:58 PM EU Commission Abandons Anti-Greenwashing Law By Jacob H. Hupart On June 20, 2025, the EU Commission announced that, following pressure from conservative lawmakers, it would withdraw new legislation...
6/24/2025 9:27:56 PM SEC Withdraws Guidance That Companies Must Disclose Foreign Climate Litigation By Jacob H. Hupart Last Friday, on June 20, the SEC withdrew guidance--dating from the George W. Bush administration--that indicated that “disclosure of...
6/24/2025 2:11:59 PM Trump Administration SEC Withdraws Proposed Anti-Greenwashing Rule By Jacob H. Hupart On June 17, the SEC officially withdrew a proposed rulemaking undertaken by the Biden Administration that sought to combat greenwashing...
6/17/2025 2:25:08 PM Canada Refines Focus on Greenwashing Prosecutions By Jacob H. Hupart Recently, the Canadian Competition Bureau published updated guidelines concerning its approach to environmental claims following last...
6/10/2025 4:05:02 PM Ratings Agency Announces That It Will Analyze Physical Climate Risk When Evaluating Certain Assets By Jacob H. Hupart Recently, Fitch Ratings issued a discussion paper that outlined a “contemplated framework for the analysis of physical climate risk for...