Climate Disclosures

8 posts

The SEC’s Final Climate Disclosure Rule Must Respond to Emerging Legal Risks

It has been more than a year and a half since the Securities and Exchange Commission (SEC) proposed its climate-related disclosure rule. In the interim, lawsuits in the ESG and regulatory space have constricted the SEC’s path to promulgating a final rule that will survive judicial review. This blog post […]

New California Legislation Would Be a Major Step Forward for Climate Disclosure

This piece previously appeared in the CLS Blue Sky Blog. The Securities and Exchange Commission regulations on climate disclosure, first proposed in March 2022 and likely to be issued in final form in October 2023,[1] have drawn considerable controversy and face an uncertain fate in the inevitable litigation.[2] Much less attention has […]

Transferred Emissions Are Still Emissions: Sabin Center and Columbia Center on Sustainable Investment launch report on the empirical emissions impacts of fossil fuel asset sales by oil supermajors

On Tuesday, May 9, the Sabin Center and the Columbia Center on Sustainable Investment launched Transferred Emissions are Still Emissions: Why Fossil Fuel Asset Sales Need Enhanced Transparency and Carbon Accounting. The increased atmospheric concentration of carbon dioxide (CO2) and other greenhouse gases (GHGs) is driving global climate change on […]

The Tragedy on the Financial Horizon is Closer Than You Think

In September 2015, then Bank of England Governor Mark Carney gave a landmark speech on the “Tragedy of the Horizon.” The concept was simple: climate change creates tremendous risk for financial markets, but these mounting risks are ignored by investors due to the market’s tendency towards myopia. The speech marked […]

D.C. Court of Appeals Dismisses Challenges to EPA Climate Regulation

By: Danielle Sugarman, Fellow On Tuesday, June 26, 2012, in a major victory for the environment and President Obama’s Administration, the U.S. Court of Appeals for the District of Columbia Circuit dismissed a series of challenges to EPA’s body of greenhouse gas regulation.  The cases, called Coalition for Responsible Regulation […]

Columbia Environmental Law Clinic Students Release Livestock and Climate Change Annotated Bibliography

Four students at Columbia Law School’s Environmental Law Clinic, Julia Christian, Andrew Kirchner, Derek Nelson and Jessica Wentz, have prepared an annotated bibliography compiling recent scholarship on the interaction between global livestock production and climate change.  The bibliography identifies resources that provide a general overview of the subject; addresses scholarship relating to the […]

Climate Change Disclosures: Has the SEC Guidance Had an Impact?

Bradford McCormick                                                                                                                                                  Fellow While this post will not attempt to answer the question posed by its title, the Center for Climate Change Law is making it easier for those who want to answer the question themselves. Today we are releasing a catalog [download .xls] of links to and excerpts from […]

SEC and ASTM: Dueling or Complementary Guidance on Climate Disclosures?

by Bradford McCormick On March 15, 2010, ASTM International approved its Standard Guide for Financial Disclosures Attributed to Climate Change (“ASTM Guide”). The ASTM Guide was released a little over one month after the Securities and Exchange Commission issued its final Guidance Regarding Disclosure Related to Climate Change (“SEC Guidance”), […]