Right now, much about the world is uncertain. Risks posed by political changes dominate the headlines and also weigh heavily on many decisions made by businesses, their advisors, and their stakeholders....more
4/7/2025
/ Anti-Money Laundering ,
Compliance ,
Corporate Counsel ,
Corporate Governance ,
Department of Justice (DOJ) ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
Government Agencies ,
International Trade ,
Regulatory Agenda ,
Risk Assessment ,
Risk Management ,
Shareholders ,
Terrorism Funding
Right now, much about the world is uncertain. Risks posed by political changes dominate the headlines and also weigh heavily on many decisions made by corporations, their advisors, and their stakeholders....more
4/2/2025
/ Board of Directors ,
Breach of Duty ,
Corporate Governance ,
Department of Justice (DOJ) ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
Liability ,
Regulatory Oversight ,
Risk Assessment ,
Risk Management ,
Threshold Requirements
A Biden-era US Department of Labor (DOL) Rule permitting consideration of environmental, social, and governance (ESG) factors when choosing investments as a “tiebreaker” was recently upheld by Texas federal Judge Matthew...more
The second Trump presidency has arrived. With it – and particularly the Trump Administration’s push back on diversity, equity, and inclusion (DEI) programming at many levels – many organizations are under increased pressure...more
In the environmental space, 2024 has been a memorable year with regulatory efforts and court decisions touching on every aspect of environmental and energy regulation, capped out by a closely divided election....more
12/24/2024
/ Administrative Procedure Act ,
Chevron Deference ,
Chevron v NRDC ,
Citizen Suits ,
Clean Air Act ,
Climate Change ,
Coal Industry ,
Energy Sector ,
Environmental Justice ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Loper Bright Enterprises v Raimondo ,
PFAS ,
Regulatory Agenda ,
Reporting Requirements ,
SCOTUS ,
Spokeo v Robins ,
Statutory Interpretation ,
TransUnion LLC v Ramirez
Republican lawmakers are continuing their antitrust push against environmental, social, and governance (ESG) investor initiatives by investigating a prominent climate coalition that is focused on getting companies to curb...more
Back in the 1970s, US Congress passed laws that allow private parties to bring citizen suits to enforce federal environmental laws. While those statutes have not significantly been amended, changes in both administrative law...more
9/27/2024
/ Chevron Deference ,
Citizen Suits ,
Corner Post Inc v Board of Governors of the Federal Reserve System ,
Disclosure ,
Enforcement ,
Environmental Social & Governance (ESG) ,
Environmental Violations ,
Exxon Mobil ,
Loper Bright Enterprises v Raimondo ,
NGOs ,
Public-Private Entities ,
RCRA ,
Securities and Exchange Commission (SEC)
Come September in a presidential election year, the policy world feels like a “winner take all” scenario with the election’s outcome determining how — or this year whether — we are regulated. While, of course, the election...more
9/12/2024
/ Administrative Interpretation ,
Chevron Deference ,
Corner Post Inc v Board of Governors of the Federal Reserve System ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
FERC ,
Loper Bright Enterprises v Raimondo ,
Popular ,
Presidential Elections ,
Rulemaking Process ,
Sustainability
Governments are increasingly discussing climate change, including resilience to climate impacts and how to promote the energy transition. Less common are governmental commitments to take concrete steps to address climate...more
ESG stands for “environmental, social, and governance.” Though often overlooked, two recent cases — Spence v. American Airlines and Exxon v. Arjuna Capital, LLC — focus on G’s place in the ESG initialism.
Here, we break...more
6/4/2024
/ 401k ,
Activist Investors ,
American Airlines ,
Breach of Duty ,
Class Action ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Exxon Mobil ,
Fiduciary Duty ,
Investment Adviser ,
Pension Funds ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
Below, we break down three recent decisions and explain why the regulated community should pay attention to them: the first from the Southern District of New York in City of New York v. Exxon Mobil Corporation; the second...more
5/24/2024
/ Climate Change ,
Corporate Counsel ,
Denial of Certiorari ,
Environmental Social & Governance (ESG) ,
False Advertising ,
Greenhouse Gas Emissions ,
Greenwashing ,
Human Rights ,
New York ,
Regulatory Agenda ,
SCOTUS ,
Sustainability ,
United Nations Convention on the Law of the Sea (UNCLOS)
Juliana v. United States — brought by 21 children against the United States and alleging that the government has failed to adequately respond to climate change — has ping-ponged through the federal court system since...more
Policy debates normally focus on substance. Is climate change real? How can business entities weigh environmental, social, and governance (ESG) factors into their decision-making?
...more
3/25/2024
/ Administrative Procedure Act ,
Appeals ,
Biden Administration ,
Climate Change ,
Declaratory Judgments ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Injunctions ,
New Rules ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Supremacy Clause
A Texas federal judge recently permitted an environmental, social, and governance- (ESG) related Employee Retirement Income Security Act (ERISA) case filed by an airline pilot against his employer and its benefits plan to...more
3/5/2024
/ 401k ,
American Airlines ,
Breach of Duty ,
Corporate Counsel ,
Corporate Governance ,
Corporate Social Responsibility ,
Department of Labor (DOL) ,
Dispute Resolution ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Fiduciary Duty ,
Investment Management ,
Motion to Dismiss ,
Proxy Voting ,
Risk Management ,
Shareholder Activism ,
Sustainability
As we move into 2024, environmental, social, and governance (ESG) concepts continue to feature prominently in policy debates. While ESG still drives policy, the last year has seen “ESG” factors recast from being perceived as...more
Climate change litigation continues in the headlines, this time with an Oregon federal court evaluating claims by 21 children that the federal government violated their constitutional right to a habitable environment.
In...more
The regulated community faces a complex and evolving landscape. As we head into 2024, our team of energy, environmental, and environmental, social, and governance (ESG) attorneys provide insights and guidance on how to...more
12/14/2023
/ CERCLA ,
Chevron Deference ,
Divestment ,
Energy Sector ,
Environmental Justice ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Hazardous Substances ,
NAAQS ,
Petrochemicals ,
PFAS ,
Plastics ,
Public Disclosure ,
Recycling ,
Reporting Requirements ,
Safe Drinking Water Act ,
Securities and Exchange Commission (SEC)
2023 saw terms like “ESG,” “greenwashing,” and “circular economy” come into common use. We also saw a tsunami of other environmental, social, and governance (ESG)-related developments at the international, federal, and state...more
12/11/2023
/ Carbon Off-Set Credits ,
Civil Rights Act ,
Class Action ,
Climate Change ,
Cybersecurity ,
Delta Airlines ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Diversity and Inclusion Standards (D&I) ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Equal Protection ,
EU ,
Federal Trade Commission (FTC) ,
Green Guides ,
Greenwashing ,
Investment Company Act of 1940 ,
Popular ,
Proposed Rules ,
Publicly-Traded Companies ,
Recycling ,
Risk Management ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Students for Fair Admissions v Harvard College ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
Title VI
A recent Supreme Court of the State of Hawaii decision permitted climate-related claims against major petroleum and gas companies to proceed toward trial.
The decision in City and County of Honolulu v. Sunoco LP allows...more
11/16/2023
/ Business Litigation ,
Clean Air Act ,
Climate Change ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Greenwashing ,
Infrastructure ,
Misleading Statements ,
NGOs ,
Oil & Gas ,
Petroleum ,
Power Purchase Agreements ,
Public Utility ,
SCOTUS
More so than any other issue, environmental justice (EJ) remains a central pillar of the Biden Administration’s regulatory agenda. Below, we’ll answer three EJ-related questions that the regulated community may struggle with...more
8/25/2023
/ Biden Administration ,
Corporate Governance ,
Department of Justice (DOJ) ,
Disclosure Requirements ,
Environmental Justice ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
Regulatory Agenda ,
Regulatory Reform ,
Sustainability
The International Sustainability Standards Board (ISSB) standards have joined the climate-disclosure reporting frameworks that take a financial materiality-led approach. While the ISSB standards seek to streamline reporting...more
A group of Delta Air Lines’ customers filed a class action suit alleging that the airline’s marketing claims of carbon neutrality are false and misleading. While this may be the first greenwashing case filed against a major...more
In recent years, “sustainability” has gone from being a niche product approaching, in some quarters, a religion. Few would argue with the proposition that issues like climate- and carbon-neutrality and recyclability have...more
The past year has seen a new star become fixed in the judicial firmament. The US District Court for the Northern District of Texas, Amarillo Division, has found new prominence, most recently retaining a challenge 26 states...more
The war on plastics and petrochemicals has ramped up in 2023. The first two months of the year have seen the petrochemical supply chain under stress....more