An ocean of opportunities? Climate litigation is doing so well it’s now being eyed by investors
Imagine you’re trying to get compensation for water damage to your coastal home, caused by rising sea levels and flooding made much more likely by climate change. You hire a lawyer to file a claim, who thinks you have a good chance of winning, but since you don’t
Indonesian residents file climate case against Holcim in Swiss court
Several Indonesian residents have submitted a legal complaint to a Swiss court against the world's top cement-maker Holcim, which they claim is doing "too little" to cut carbon emissions, a statement by civil society groups backing the complainants showed on Tuesday.
NSW environment watchdog to require companies to show how they will hit net zero and then nudge them to improve
Climate change in the courtroom: An anthropology of neighborly relations
https://journals.sagepub.com/doi/full/10.1177/14634996221138338
Polluter Doesn’t Pay: The Rockhopper v Italy Award
https://www.ejiltalk.org/polluter-doesnt-pay-the-rockhopper-v-italy-award/
Last August, an ICSID tribunal handed down its much-anticipated ECT-based award in the dispute between Rockhopper, a British oil and gas company, and the Italian Republic. Rockhopper had been denied a licence to exploit an offshore oilfield, due to legislation banning oil production concessions within a certain distance from the coastline. The ban was adopted […]
Credibility crunch slows carbon credit demand
UN chief: Fossil fuel firms without credible net zero plans 'should not be in business'
https://www.businessgreen.com/news/4073987/chief-fossil-fuel-firms-credible-net-zero-plans-business
UK Regulator to Test Asset Managers’ ESG Claims for Greenwashing
https://www.esgtoday.com/uk-regulator-to-test-asset-managers-esg-claims-for-greenwashing/
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has informed asset managers that it will be testing the ESG and sustainable investing claims made in their communications with investors, as part of its efforts to reduce greenwashing risk. The warning forms part of a letter […]
Toxic ‘forever chemicals’ in AFFF firefighting foam
Curbs on greenwashing coming to Asia, cautiously: experts
https://www.eco-business.com/news/curbs-on-greenwashing-coming-to-asia-cautiously-experts/
Asia is unlikely to follow the same litigious path as the West in tackling greenwash, and will rely on consumer advocacy and sustainability reporting to do so. Meanwhile, 2023 will see new forms of greenwashing emerge, say experts.
