law

Court to Decide Whether Canadian Climate Action Lawsuit Proceeds

Court to Decide Whether Canadian Climate Action Lawsuit Proceeds

The case La Rose et. al. v. Her Majesty the Queen was filed last October by several young Canadian plaintiffs, with support from Oregon-based non-profit law firm Our Children’s Trust. The lawsuit alleges the Canadian government violated the plaintiffs’ rights under the Canadian Charter of Rights and Freedoms by failing to take meaningful action to prevent anthropogenic climate change.

Irish Supreme Court Delivers Second Landmark European Climate Decision

Irish Supreme Court Delivers Second Landmark European Climate Decision

On July 31st, Ireland’s Supreme Court held that the Irish government’s current climate plan failed to meet the requirements set out in the statutory Climate Action and Low Carbon Development Act of 2015. The ruling will require the government to (a) revise its plan to realise greater near-term emission reductions, and (b) better specify how Ireland will achieve the Act’s long-term objective of net zero carbon emissions by 2050.

US Dept. of Labor Proposes Rules to Hinder ESG Investment

US Dept. of Labor Proposes Rules to Hinder ESG Investment

On June 23, 2020, the US Department of Labor proposed regulations to prohibit private industry pension plans, governed under the Employee Retirement Income Security Act (ERISA), from investing in ESG investment vehicles if doing so would prioritize non-financial objectives over purely financial ones (i.e., increasing returns for plan beneficiaries).