Regulations
The Canadian Competition Bureau believes that B&G Foods' sale of its Canadian Green Giant and Le Sueur operations to Nortera Foods could harm competition and has requested the Competition Tribunal to block it. B&G Foods responded that the transaction is in the interests of all parties and is evaluating various response options.
The U.S. Court of Appeals for the D.C. Circuit ruled on Tuesday to block the Trump administration from revoking $20 billion in climate grants. The court held that the EPA's attempt to terminate and claw back "Greenhouse Gas Reduction Fund" grants awarded to nonprofit organizations such as "Climate United" under the Inflation Reduction Act may violate relevant laws.
An employee at Thermo Fisher Scientific requested a fossil-fuel-free investment option in the 401(k) plan on religious grounds, and after being denied, filed a lawsuit. The case could become an early example at the intersection of religious rights and climate action following the Groff v. DeJoy ruling.
Domtar reached a settlement with the U.S. Department of Justice, paying a $1.5 million fine and investing approximately $2.6 million in emission reduction projects to resolve allegations of Clean Air Act and state water pollution law violations at its Arkansas facility.
Against the backdrop of federal climate policy regression, New York State continues to advance corporate climate disclosure legislation, but Governor Hochul has recently proposed relaxing the 2030 emission reduction targets, citing costs and feasibility. This article summarizes relevant bill progress, target revisions, and the moratorium on data centers.
The SEC plans to amend shareholder proposal rules this year, drawing opposition from a coalition of investor advocates. The coalition filed a petition to 'largely retain' the rules and restore the no-action process, while also proposing measures such as a mandatory two-week engagement period.