Environmental Law Portal

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Beveridge & Diamond’s 100 lawyers in seven U.S. offices focus on environmental and natural resource law, litigation and dispute resolution. We help clients around the world resolve critical environmental and sustainability issues relating to their products, facilities, and operations. 

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Showing 6 posts by Leah A. Dundon.

TCFD Report Will Shape Future Expectations for Climate-Related Financial Disclosures

On June 29, 2017, the Task Force on Climate-Related Financial Disclosures (TCFD or Task Force) released its Final Report providing recommendations on voluntary climate-related financial disclosures.  The recommendations, developed by an industry-led task force of both users and preparers of disclosures, are intended to support the production of more consistent and clear financial disclosure of climate-related risks across sectors for use by investors, lenders, and insurers.  Most G20 countries have existing legal frameworks that require the disclosure of material risks in financial reports.  Beyond legal mandates, investors are increasingly focused on environmental, social, and governance (ESG) factors in evaluating potential investments and future business risk.  While the Task Force’s recommendations are voluntary and independent of the environmental sustainability disclosure standards currently under review in the U.S. by the Securities and Exchange Commission (SEC) (see Beveridge & Diamond alert on the SEC concept release), the recommendations will impact the approach many publicly traded companies take to data collection and climate risk reporting over the long-term. Read More ›

President Trump Announces Withdrawal from Paris Agreement on Climate Change

President Trump announced on Thursday his intention to initiate a formal withdrawal of the United States from the Paris Agreement, a global agreement designed to address climate change by reducing greenhouse gas (“GHG”) emissions. The President indicated that the United States would move forward with the pull-out and possibly attempt to re-negotiate the agreement in order to get “terms that are fair to the United States.”  President Trump frequently discussed pulling out of the Paris Agreement while on the campaign trail, citing concerns regarding its potential impact on the American economy, particularly the energy sector.    Read More ›

Massachusetts Attorney General Joins Multi-State Coalition Investigating Climate Change Disclosures

Massachusetts State Attorney General Maura Healey has joined a coalition of attorneys general from 15 other states and the Virgin Islands—the “AGs United for Clean Power” coalition—who, according to Attorney General Healey, are “working as quickly and as aggressively as we can to fight climate change” by investigating the adequacy of public companies’ statements to their investors and the public about potential impacts of climate
change on their businesses. Read More ›

Comment Period Closing July 21 on Possible Expansion of Environmental Sustainability Disclosure Requirements

Summary:  Comments are due July 21, 2016 on a concept release published on April 22, 2016 by the U.S. Securities and Exchange Commission (“SEC” or the “Commission”) on potential revisions to certain business and financial disclosure obligations in Regulation S-K, which governs the disclosure requirements applicable to periodic reports.  Among other topics, the Commission requested comment on expanding disclosures relating to environmental sustainability and public policy issues, including climate change.  The Commission is soliciting public input on a number of specific questions, including whether to impose line-item disclosure requirements related to sustainability and public policy issues, the overlap with reporting of information concerning sustainability outside of Commission filings, and potential challenges and costs of compliance.  Companies should ensure that their interests are reflected in the comment process—either directly or through participation in industry organization commenting efforts.  Read More ›

New study calls into question some of Harvard report’s conclusions related to the use of FracFocus.org by state regulators

A new study published in the peer-reviewed journal Energy Policy calls into question some of the conclusions reached by Harvard Law School researchers regarding the utility of FracFocus.org as a regulatory tool.   Read More ›

Extreme Weather and Climate Change: How DOT’s and MPO’s are Managing the Risks

If you are a company that relies on roads, rail, pipeline, air, or barge to move products, people, or supplies, or a transportation planner charged with the maintenance or smooth running of the transportation system, chances are that extreme weather has impacted you in the recent past. Indeed, extreme weather and climate change have been major contributors to transportation disruption and maintenance issues across the country. Transportation agencies must respond to more of these events, and more severe events, than ever before. Read More ›