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EPA’s proposed rescission of its 2009 endangerment finding
Advisory Firm Pays $17.5M Civil Penalty To Settle SEC Charges for Making Misrepresentations Regarding ESG Considerations in Investment Decisions
On Nov. 8, 2024, the Securities and Exchange Commission (SEC) announced that it charged Invesco Advisers, Inc. with making materially misleading …
Local Law 97 building compliance brings a new layer of economic implications to CRE transactions and lease negotiations
While Local Law 97 passed nearly five years ago, it officially went into effect earlier this year.
LL97: Countdown to compliance
The first compliance period for building owners under Local Law 97 (LL97), New York City’s (NYC) landmark climate change legislation, began this year on …
White House Releases Voluntary Carbon Markets Guidelines
In an attempt to boost the credibility of the voluntary carbon markets (VCM) and to prepare for the 29th Conference of the Parties (COP 29) in Azerbaijan …
New EU Directive Puts ‘Sustainability’ Due Diligence Center Stage
The long-awaited EU Corporate Sustainability Due Diligence Directive (CS3D or CSDDD) was adopted May 24, 2024, by decision of the European Council, …
Update on New York City Local Law 97: Relaxed Rules Impact the First Compliance Period
Jan. 1, 2024, not only marks the start of the new year, but also the start of the first compliance period for building owners under Local Law 97 (LL97), …
New Rules Under New York City Local Law 97 Provide Building Owners a Small Break
Environmental chair Andrew Otis, special counsel Toni L. Finger and associate Lauren T. Katz co-authored a Real Estate Finance Journal article titled …
Update on New York City Local Law 97: Proposed Rules Provide Building Owners a Small Break
In 2019, the New York City (NYC) Council enacted Local Law 97 (LL97) in an effort to reduce greenhouse gas (GHG) emissions to net zero by 2050 from the …
Senate Committee Questions Insurers on Climate
Property-casualty insurers should take note of letters sent by the U.S. Senate Budget Committee on June 9 to prominent insurers seeking information on …
The Supreme Court Limits Federal Authority to Regulate Wetlands
Few five-word phrases have vexed the justices of the United States Supreme Court more than “waters of the United States” as used in the Clean …
New York City Local Law 97: A Groundbreaking Climate Change Regulation for the Real Estate Industry
Buildings account for more than 70% of the greenhouse gas emissions in New York City (NYC). To address this problem, NYC has enacted a first-of-its-kind …
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