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SEC Alters Environmental Disclosure Requirements for First Time in 30 Years But

Green Building Law Update

A final rule the SEC adopted on August 26, 2020 and effective 30 days after publication in the Federal Register may be more significant for what is not in the rule. Just last Saturday, the Wall Street Journal published an Op-Ed, “Sustainable Investing is a Self-Defeating Strategy.”.

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Maryland Vetoes Renewable Energy Portfolio Standard Increase

Green Building Law Update

House Bill 1106 would impose higher electric prices from $49 million next year to $196 million by 2020 to fund the proposed increase in the State’s Renewable Energy Portfolio Standard. The current law will have Maryland reach 20% by 2020 with the inclusion of express standards for solar and offshore wind (. This includes 12.7%

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Maryland Vetoes Renewable Energy Portfolio Standard Increase

Green Building Law Update

House Bill 1106 would impose higher electric prices from $49 million next year to $196 million by 2020 to fund the proposed increase in the State’s Renewable Energy Portfolio Standard. That rate does not include that at the time of the veto, pending before the Maryland Public Service Commission was a Baltimore Gas and Electric Co.

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Good ESG Guidance Available in a Matter of Days

Green Building Law Update

The International Organization of Securities Commissions (IOSCO) plans to publish guidance for raters of corporate ESG performance in July. IOSCO is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. This is literally a global issue.

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Maryland Adopts 42 New Environmental Laws in 2021

Green Building Law Update

Maryland has been described as having more pages of environmental statutes and regulations on a per capita basis than any other state. As such, the bill retroactively allows qualified conservation that was completed in a forest mitigation bank on or before December 31, 2020, to be used, under both State and local forest conservation programs.

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Labor Department Will Not Enforce Anti ESG Rule

Green Building Law Update

13, 2020, Labor published a final rule on “ Financial Factors in Selecting Plan Investments ,” which adopted amendments to the “Investment Duties” regulation under Title I of ERISA. including, advancing the use of environmental, social and governance (ESG) considerations in investments. By way of background, on Nov.

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Maryland to Commit to World Economic Forum’s One Trillion Trees Initiative Tree Planting

Green Building Law Update

As such, the bill retroactively allows forest conservation that was completed in a then qualified forest mitigation bank on or before December 31, 2020, to be used, under both State and local forest conservation programs.

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