On April 21, 2023, the Biden administration reinforced and expanded its commitment to promoting environmental justice by signing new Executive Order 14096, “Revitalizing Our Nation’s Commitment to Environmental Justice for All.” This executive order is the latest in a series of actions under the Biden Administration that build upon Executive Order 12898, signed in 1994
On August 30, 2022, the Texas Railroad Commission approved proposed regulations relating to Class VI wells utilized for injecting and sequestering carbon dioxide in geologic formations. This is an important step towards obtaining primary enforcement authority (or “primacy”) over the Safe Drinking Water Act Underground Injection Control (“UIC”) Class VI well permitting program, which currently
In a recent blog post, we discussed a proposed ordinance before the Livingston Parish Council to ban injection and disposal wells in Livingston Parish. Yesterday, the council unanimously voted to pass the ordinance, which places a one-year moratorium on injection and disposal wells. To read more, click here.
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Last week, the Livingston Parish Council introduced a proposed ordinance that would place a moratorium on “the construction of disposal wells and injection wells in the Parish of Livingston.”[1] Although not limited to Class VI injection wells—which are those wells utilized for the injection and permanent sequestration of carbon dioxide—the proposed ordinance is clearly
The Securities and Exchange Commission proposed – by a 3-1 vote – a comprehensive new set of rules (the “proposals”) in an effort to enhance and standardize the climate-related disclosures provided by public companies.[1] According to SEC Chair Gary Gensler, the proposals come in the wake of increasing investor demand for more
This month the International Swaps and Derivatives Association (ISDA) published two papers further contributing to the dialogue around ESG standards and practices in the derivatives market.
Continue Reading ESG and Derivatives – ISDA’s Latest Publications
While much of the interest around sustainability and social responsibility has centered on larger public companies, private companies are set to make significant contributions to these efforts by integrating Environmental, Social and Governance (ESG) principles. Modern businesses understand that sustainability and social responsibility are no longer niche interests and prioritizing a strong ESG proposition creates