Bloomberg Law
Environmental, Social & Governance (ESG)

ESG Enforcement Emerges as Risk for Oil Firms, Bitcoin Miners

An SEC enforcement initiative targeting misleading ESG disclosures has become a business risk for dozen of public companies, including bankrupt Bitcoin miner Core Scientific, shale oil producer Pioneer Natural Resources and banking giant Ally.

Sustainability Rulemaker to Monitor Global Climate Guidelines

The International Sustainability Standards Board said Monday that it would assume responsibility for monitoring climate reporting guidelines set by global regulators.

Bank Regulators Look to Existing Tools to Police AI Advances

Recent leaps in artificial intelligence technology have raised significant questions about fair lending, fraud detection, and cybersecurity at banks, but federal banking regulators already have the tools in place to deal with many of those issues, according to industry watchers.

DOJ in ‘Driver’s Seat': Supreme Court’s FCA Ruling Explained

The US Supreme Court resolved a 20-year circuit split near the end of its term, when it backed the Justice Department’s authority to end a whistleblower’s False Claims Act suit that prosecutors viewed as too costly in government resources to continue.

US Needs Its Own Carbon Math in Advance of a Border Carbon Tax

Adopting a carbon border adjustment mechanism would help US manufacturers avoid potential EU carbon tariffs and encourage production of low-carbon alternatives, says Project Canary’s Chris Romer.

Latest Stories

HSBC Says Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds

The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings Plc.

Activist Fights Tick Up, Along With Settlements

The first proxy season after a key US rule change was expected to rock the shareholder activism world. Instead, the universal proxy card turned typically public battles into something more private and discreet, with settlements reached behind the scenes or very quickly once they become known.

African Nations Take Big Swing to Rule Global Offset Market

As home to the world’s second-biggest rainforest, the largest tropical peatlands, and swathes of mangroves, governments across the African continent appear to be in a good position to benefit from the growing global trade in emissions offsets.

Plugging Methane Leaks From Derelict Oil Wells for Carbon Credit

Rebellion Energy Solutions LLC is one of a handful of companies that have popped up in the past two years aiming to locate abandoned oil and gas wells, calculate how much they’re leaking and cap them to keep the gases deep underground. If all goes to plan, they’ll sell their work as so-called carbon credits to buyers seeking to voluntarily offset their own emissions.

New Weather Insurance Product Could Offer Climate Change Relief

Most types of insurance policies, like auto and homeowner insurance, kick into action when a customer calls to submit a claim. Parametric insurance, a category of insurance which includes life insurance, for example, flips that model. Claims are automatically paid out when certain parameters are met, whether that’s the policyholder dying or, in the case of climate insurance, when an extreme weather disaster meets certain conditions.

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ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.