5/30/2024 8:17:47 PM European Central Bank to Impose Fines on Banks for Failure to Address Climate Change By Jacob H. Hupart It has been reported that the European Central Bank will be imposing fines on as many as four lenders due to “not meeting deadlines set...
5/29/2024 3:02:46 PM Rescheduling Madness: Key Takeaways from the Proposed Rule to Reschedule Marijuana under the CSA By Jane Haviland Moving marijuana under the Controlled Substances Act (“CSA”) from Schedule I to Schedule III will bring celebrated changes to the...
5/28/2024 9:15:08 PM Treasury Department and Other Federal Agencies Issue Statement of Principles Concerning Carbon Credits By Jacob H. Hupart Today, the Treasury Department and other federal agencies (including the Agriculture Department and Energy Department) issued a joint...
5/28/2024 2:44:17 PM Republican AGs Seek Intervention of U.S. Supreme Court to Block Climate Change Lawsuits filed by Blue States Against Fossil Fuel Industry By Jacob H. Hupart A coalition of Republican state attorneys-general representing nineteen states (Alabama, Alaska, Florida, Georgia, Idaho, Iowa, Kansas,...
5/28/2024 2:12:28 PM Will the FTC's Non-Compete Proposal Pick Investors' Pockets? By Jennifer B. Rubin My colleagues published an important piece recently about the potential impact that the FTC's proposed non-compete ban might have on M&A...
5/25/2024 5:02:35 PM Federal Judge Certifies Class Objecting to ESG Investments by Retirement Fund By Jacob H. Hupart On May 22, 2024, Judge O'Connor (N.D. Tex.) ordered that the plaintiffs claiming that investment managers breached their fiduciary duty...
5/22/2024 3:41:39 PM House Democrats Initiate Probe of Anti-ESG Investment Guidelines Issued by Conservative States By Jacob H. Hupart On Monday, May 21, 2024, Congressman Nadler (D-NY) and Congressman Correa (D-CA), the ranking Democratic members on the House Judiciary...
5/21/2024 2:06:42 PM UK Announces Delay to Mandatory Climate Disclosures (Until After Next General Election) By Jacob H. Hupart The UK government, having originally announced that it would decide whether to impose mandatory climate disclosures on companies by July...
5/21/2024 1:45:35 PM Michigan AG Announces Intent to Pursue Climate Change Tort Litigation Against the Fossil Fuel Industry By Jacob H. Hupart Last week, the Attorney General of Michigan announced that her office “will begin seeking proposals from attorneys and law firms . . . to...
5/17/2024 2:58:33 PM Florida Adopts Laws Erecting Roadblocks to the Climate Transition By Jacob H. Hupart This week, Governor DeSantis of Florida signed into law certain legislation that expressly seeks to minimize ongoing efforts to combat...
5/17/2024 2:57:32 PM Major European Bank Withdraws From Fossil Fuel Financing By Jacob H. Hupart This week, “BNP Paribas SA, the European Union's biggest bank” stated that it “is no longer participating in conventional bond issuance...
5/16/2024 7:37:17 AM Democratic Lawmakers Urge SEC Action on Greenwashing By Jacob H. Hupart On May 13, 2024, a group of 21 Democratic Congressmen--4 Senators and 16 Representatives, as well as the D.C. Delegate--submitted a...
5/16/2024 7:36:19 AM Fifth Circuit Upholds (For Now) SEC Rules Concerning ESG Proxy Votes By Jacob H. Hupart On May 10, 2024, the Fifth Circuit rejected an attempt by the States of Texas, Louisiana, West Virginia, and Utah to invalidate an SEC...
5/10/2024 11:58:20 AM Oklahoma Judge Temporarily Blocks Law Penalizing Companies Engaged in Fossil Fuel Boycott By Jacob H. Hupart Earlier this week, a state court judge in Oklahoma issued a temporary restraining order that blocks--for now--enforcement of an Oklahoma...
5/10/2024 11:56:43 AM Federal Contractors Now Required to Use Sustainable Products & Services By Jacob H. Hupart On April 22, 2024, the federal government issued a rule “amending the Federal Acquisition Regulation (FAR)” to “implement a requirement...
5/7/2024 12:00:27 PM Significant Rise in Global Climate Litigation By Jacob H. Hupart As recently reported by Columbia Law School's Sabin Center for Climate Change Law, “the number of climate-related cases filed globally...