California Senate Bill 261 (the Climate-Related Financial Risk Act; SB 261) requires certain businesses to submit biennial disclosures of climate-related financial risks, as well as the measures they have implemented to reduce such risks.
Insights and Commentary on Global Environmental and Energy Issues
California Senate Bill 261 (the Climate-Related Financial Risk Act; SB 261) requires certain businesses to submit biennial disclosures of climate-related financial risks, as well as the measures they have implemented to reduce such risks.…
Greenberg Traurig is proud to be a sponsor and a member of the planning team for the Pennsylvania Bar Institute’s Annual Environmental Law Forum, taking place April 10-11, 2024.
Continue Reading April 10-11 EVENT | Pennsylvania Bar Institute’s Annual Environmental Law Forum 2024
After much anticipation, on March 24, 2022, the Securities and Exchange Commission (SEC) proposed a series of new and extensive disclosure rules that would require all registered companies, including foreign…
Continue Reading SEC Proposes Comprehensive Package of Climate-Related Disclosure Rules
Registered public companies would be required to report their greenhouse gas (GHG) emissions and certain information regarding climate-related financial risks and metrics, including any actual or likely material impacts to…
Continue Reading SEC Issues Long-Awaited Proposed Rule on Climate Disclosures
In his annual budget address on Jan. 21, 2020, New York Governor Andrew M. Cuomo proposed a complete overhaul to New York’s siting of renewable energy projects. Noting that siting a project under the current Article 10 process takes 5-10 years to begin construction, the governor found that the current process simply does not work. In a reference to the renewable energy generation goals set forth in the Climate Leadership and Community Protection Act (CLCPA), the governor called setting goals without the means to achieve them “baloney” and went on to propose “flip[ping] the whole model” of renewable siting by having the state acquire potential sites for renewable energy generation, permitting the projects, and delivering shovel-ready sites to developers.
Article 10, signed by Governor Cuomo in 2011, was intended to streamline the siting of large-scale renewable and other major energy generating facilities of 25 megawatts or more. The original generation siting law had a higher threshold that omitted most renewable projects from its scope. Article 10 was meant to be a one-stop shop for environmental, health, and public safety reviews and permitting, allowing for an override of local laws that would unnecessarily impede siting and providing a strong mechanism to counterbalance knee-jerk NIMBYism, thereby allowing siting of needed electrical generation to help ensure safe and reliable service to ratepayers. It established a Board on Electric Generation Siting and the Environment, commonly referred to as the “siting board,” to accomplish that goal, and provided for the appointment of ad hoc members of the municipality where a project is proposed to be sited, giving a voice to residents.Continue Reading New York Governor Andrew Cuomo Proposes Radical Reshaping of Siting Process for Renewable Projects
Michael Cooke has prepared a more in-depth analysis of Coalition for Responsible Regulation, Inc. v. EPA, the D.C. Circuit’s June 26 opinion upholding EPA’s greenhouse gas emission regulations.
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Continue Reading U.S. Court of Appeals Affirms EPA’s Greenhouse Gas Regulations: Is a NAAQS in the Offing?
The Court of Appeals for the District of Columbia Circuit issued an opinion this morning upholding EPA’s greenhouse gas regulations. Coalition for Responsible Regulation, Inc. v. United States Environmental Protection Agency, No. 09-1322 (D.C. Cir. June 26, 2012).
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Continue Reading Greenhouse Gas Regulations Upheld
One June 6, Mexico published a new General Law of Climate Change calling for emissions monitoring, control of deforestation, and adoption of climate change mitigation and adaptation measures at the federal, state, and municipal level.
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Continue Reading Mexico Adopts a General Law of Climate Change