article thumbnail

SEC Charges Mining Company with Misleading Investors in its ESG Disclosures

Green Building Law Update

Securities and Exchange Commission last month charged Vale S.A., By allegedly manipulating those disclosures, Vale compounded the social and environmental harm caused by the Brumadinho dam’s tragic collapse and undermined investors’ ability to evaluate the risks posed by Vale’s securities.”. The SEC’s complaint, filed in U.S.

Security 156
article thumbnail

A Corporate Diversity Benchmark in ESG

Green Building Law Update

ESG has become such a large component of my law practice that I am now collaborating with a fabulous group attorneys in ESG Legal Solutions, LLC, a new non-law consulting firm. Some have questioned should this bill be legally challenged, would a reviewing court find it violates the Equal Protection Clause of the U.S. We suggest not.

Maryland 156
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SEC Chair Tweets about Upcoming ESG Regulation

Green Building Law Update

Securities and Exchange Commission Chair Gary Gensler Tweeted about the future of ESG regulation. And such may be well received by the business community that is already subject to regulation, from the Federal Trade Commission to the Department of Agriculture, defining terms of green, sustainable and the like. Last week U.S.

article thumbnail

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

Green Building Law Update

Longstanding Federal law requires disclosure of “any material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which a [public company] or any of its subsidiaries is a party or of which any of their property is subject.” And this intentional omission is in a climate when the subject is hot.

article thumbnail

Construction Law: March 2024

Construction Law

Editor Nick Barrett says a Public Accounts Committee report on HS2 provides little cheer to anyone hoping that the UK could somehow successfully deliver infrastructure investment on the scale highlighted recently as essential by the National Infrastructure Commission. Speed might however introduce commercial and legal risks, they warn.

article thumbnail

Nebraska Approves Keystone XL Pipeline

Construction Equipment

Nebraska's Public Service Commission voted 3-2 to allow the expansion of the Keystone XL Pipeline to expand into their state. The commission’s decision is a legal decision subject to appeal, something opponents of the pipeline have said they will do. The 2,600+ mile long line stretches from the Dakotas to Texas.

article thumbnail

Climate Change Disclosures by Public Companies

Green Building Law Update

In recent weeks this law firm has received more inquiries than at any time in recent years about the Securities and Exchange Commission’s disclosure requirements for public companies as they apply to climate change matters. When a company is required to file a disclosure with the Commission, those disclosures (e.g.,