May 22, 2024
The US Commodity Futures Trading Commission expects to finalize its guidance for carbon credits within the next six months, as it pursues a broader crackdown of fraud and manipulation in the embattled market. CFTC Commissioner Christy Goldsmith Romero said she …
May 15, 2024
The European Union’s securities watchdog confirmed on Tuesday final guidelines on when investment funds can label themselves as being “sustainable” without being accused of greenwashing. Trillions of dollars globally have flowed into investments that promote their green attractions, but regulators …
April 24, 2024
Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take …
March 21, 2024
Dutch airline KLM misled customers through advertisements that suggested its flights are climate friendly, an Amsterdam court ruled. KLM makes climate claims in advertisements that are “based on vague and general statements about environmental benefits, thereby misleading consumers,” the district …
February 15, 2024
The federal district court in Burlington, Vermont recently granted the state attorney general’s motion to return the state’s consumer protection case against Exxon and other fossil fuel producers to state court. The federal court said that since the case is …
January 14, 2024
A judge has rejected several claims lodged by Delaware’s attorney general in a lawsuit alleging that the fossil fuel industry has downplayed the risks of climate change. Tuesday’s ruling significantly narrows the scope of the suit seeking to hold the …
December 12, 2023
Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Authority (CMA) said it is seeking to …
November 22, 2023
As global temperatures and emissions climb, people are increasingly turning to courtrooms to challenge fossil fuel companies’ activities, leading to wins on issues like “climate-washing” but also backlash as companies file countersuits. In the last five years, the number of …
October 19, 2023
Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance. Regulators across the world are seeking to …
September 26, 2023
Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before new regulations kick in, according to a new report from KPMG published on Tuesday. Stricter European Union, U.S. and global …