The fact that Texas, a state famous for its oil industry, felt it necessary to pass a law of this sort signals the industry’s growing consternation with an increasingly climate-conscious and oil un-friendly investing environment.

Last week, the Hague district court ordered oil giant Royal Dutch Shell to reduce its greenhouse gas emissions by 45% from 2019 levels by 2030. The ruling appears to mark the first instance of a court requiring a major corporation to lower emissions on account of their climate impact.

The program will cover three-quarters of the state’s emissions, meaning that once in place, Washington will become the second US state (after California) to price most in-state emissions. Collected program revenues will be allocated to a “climate investment account” to support Washington’s green transition.

2019’s Federal Climate Change Act violates the fundamental rights of Germany’s youth population by “irreversibly offload[ing] major emission reduction burdens onto periods after 2030,” thereby saddling the young with responsibility for older generations’ emissions and environmental inaction.

In a 6-3 split ruling, the court declared the Greenhouse Gas Pollution Pricing Act a valid exercise of the federal government’s jurisdictional authority under the Canadian constitution. Here’s why.

Not only should ESG standardization be by law, but governments are starting to show that ESG standardization will be by law.

The draft regulations show the Department planning to manage a closely-monitored federal carbon offset marketplace that would allow participants to register greenhouse gas (GHG) emission reduction projects by submitting detailed applications verified by accredited third parties.

Canada’s federal ministry of the environment and climate change recently announced it will review Output-Based Pricing System (OBPS) regulations with an eye to increasing emission reductions, covering additional industrial activities, correcting current standards not aligned with activities performed by participating facilities, and improving efficiency.

Canada’s department of the environment and climate change recently announced it is developing first phase federal carbon offset protocols for advanced refrigeration systems, forest management, landfill methane management, and “enhanced soil organic carbon” (presumably referring to what is commonly known as regenerative agriculture).

If implemented, EU carbon border adjustments would place a duty on imports from jurisdictions lacking a sufficient price on carbon emissions. This would protect European industries subject to the bloc’s carbon pricing system from competition with producers in countries with weaker environmental laws, as well as ‘leakage’, wherein businesses relocate operations to environmentally lax jurisdictions to increase cost competitiveness (i.e., ‘offshoring pollution’).