The US Environmental Protection Agency (EPA) announced it is seeking applications for two competitive clean energy grant programs, the National Clean Communities Investment Accelerator and the Clean Communities Investment Accelerator, which have combined funding of US$20 billion. These programs are part of the US$27 billion Greenhouse Gas Reduction Fund (GGRF) established under the Inflation Reduction … Continue Reading
Large construction or development companies should be paying attention as manufacturing and other large consumer-facing corporations struggle to address issues related to Environmental, Social, and Governance (ESG) issues. Most publicly traded companies in these sectors are somewhere in the journey of establishing ESG programs and implementing the related accounting and reporting mechanisms. In particular, companies … Continue Reading
President Biden recently used his first veto to preserve the Department of Labor rule permitting ERISA retirement plan fiduciaries to consider ESG factors in their clients’ retirement investment portfolios so long as such considerations are relevant to a risk and return analysis. 29 C.F.R. § 2550.404a-1(b)(4) (2022). The Department of Labor’s (DOL) rule, titled “Prudence … Continue Reading
In our previous articles (Lack of Uniformity in ESG Ratings System Poses Risks and Opportunities, ESG Regs Abroad Offer Road Map For US Multinational Cos. & ESG Enforcement Risks: From “Greenwashing” to “Wokewashing”), we recommend that public entities begin re-visiting their ESG-related practices and policies in light of the expected ESG public disclosure amendments from … Continue Reading
