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Court Orders SEC to Either Defend, Change or Repeal Climate Reporting Rules
September 19, 2025
The U.S. Court of Appeals has told the U.S. Securities and Exchange Commission that it will not issue a ruling on the legality of its climate disclosure rules, as requested by the SEC, leaving the agency on its own to decide on the fate of the rules requiring climate-related reporting by public companies.
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Impact of ICJ and IACTHR Advisory Opinions on the Oil and Gas Sector
September 15, 2025
The Inter-American Court of Human Rights and the International Court of Justice have both recently issued landmark advisory opinions addressing state obligations regarding climate change. Although directed at state actors, these opinions may have a ripple effect across the private sector.
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Bank of America Finally Axes Rule that Sparked ‘Debanking’ of Conservative Religious Groups
August 14, 2025
Bank of America has finally scrapped a controversial rule that critics say had sparked the “debanking” of charities and businesses associated with conservative religious groups.
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Texas Judge Greenlights Multi-State Lawsuit Accusing BlackRock, Vanguard, State Street of Using Climate Initiatives to Manipulate Energy Markets
August 11, 2025
Eleven State Attorneys General filed a lawsuit claiming that the asset managers engaged in anticompetitive behavior by using sustainable development initiatives to manipulate coal markets.
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UBS Exits Net Zero Banking Alliance
August 08, 2025
Swiss banking and financial services group UBS announced today that it has decided to withdraw from the Net-Zero Banking Alliance, becoming the first major European bank outside of the UK to exit the UN-backed coalition dedicated to advancing global net zero goals through their financing activities.