Category: Climate Change

The Supreme Court of New Zealand recently removed some significant roadblocks to bringing private law claims against major corporate greenhouse (GHG) emitters with a decision made in the case of Smith v. Fonterra.

The decision marks what is seen as one of the first occasions where a court in common law recognized the possibility that private lawsuits can be used to challenge the greenhouse emissions of a privately held company.

In its unanimous decision, the New Zealand court overturned a lower court’s earlier decision …

The U.S. Securities and Exchange Commission last week approved the implementation of standardized climate disclosure rules (posted here) for publicly traded companies and in public offerings. No longer can companies simply post potential risks on their websites or through emails; rather, they must now include them in official SEC filings such as annual reports and registration statements.

The overarching goal is intended to enhance transparency concerning how companies address environmental and climate threats. The SEC’s decision was also the result of investors’ demand for …

In June 2020, Minnesota Attorney General Keith Ellison sued ExxonMobil, three Koch entities, and the American Petroleum Institute — (energy companies and affiliates that produce or sell fossil fuels around the world and an industry association) — on behalf of the State of Minnesota, alleging that the defendants knowingly engaged in a “decades-long campaign of deception about the fossil fuel industry’s actual contributions to, and true costs of, climate change.”  The lawsuit includes claims for fraud, failure to warn, and multiple separate violations of state …

On the first day of the two-week United Nations Climate Change Conference of the Parties, more commonly referred to as COP28, delegates reached a landmark agreement to formerly create a Loss and Damage Fund, a rescue and rehabilitation effort to support especially vulnerable countries dealing with the irreversible and costly effects of climate change.

First suggested in 1991 by the small island nation of Vanuatu, the fund is aimed at encouraging the wealthy and major polluting nations to assist poorer states harmed by …

Several states have implemented steps to build up legislative frameworks needed for carbon-capture utilization and sequestration (CCUS) projects in the first half of 2023.

CCUS refers to the process of capturing carbon-dioxide emissions from sources like coal-fired power plants, and either reuses or stores the CO2 so it will not enter the atmosphere. CO2 can also be captured directly from the atmosphere with the right technology. CCUS technologies also provide a foundation for carbon removal or “negative emissions” when the CO2 comes from bio-based processes …