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.
Dutch Court Orders Oil Giant Shell to Reduce Emissions in Historic Climate Case
Washington to Become Second State With Broad Carbon Pricing Program
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.
Youth Activists Win Historic German Climate Case
Explaining Canada’s Constitutional Carbon Pricing Decision
So Begins the Era of ESG Regulation
Canada Releases Draft Carbon Offset Market Regulations
Canada to Review, Consider Expanding Industrial Emission Pricing System
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 Begins Formulating Carbon Offset Protocols Under Pollution Pricing System
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).
EU Lawmakers Advance Carbon Border Adjustments Resolution
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’).