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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-05-03T13:34:00
The impending decision by the European Parliament to withdraw from the international Energy Charter Treaty (ECT) and adopt further climate rules sets a clear direction for green regulations in the region.
The EU Parliament’s vote to withdraw, as consented to on April 24, follows similar moves by the United Kingdom and nine EU member states. The ECT was agreed in the 1990s and enabled fossil fuel companies to sue governments for loss of earnings caused by green regulations.
Withdrawing from the treaty will clear the way for further green legislation and, potentially, more support for renewables. The departure of the EU states will approximately halve the number of countries still within the treaty. Compliance leaders should expect other regions to follow suit.
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News and analysis for the well-informed compliance or audit exec.
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2024-04-23T19:29:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued new guidance on how to comply with its upcoming anti-greenwashing rule, which is set to take effect May 31.
2024-04-15T13:47:00Z By Ruth Prickett
By holding the Swiss government accountable for failing to do more to limit climate change, a ruling by the European Court of Human Rights might have significant implications for legislators and organizations in other countries across the European Union.
2024-03-18T14:57:00Z By Ruth Prickett
The future of the EU’s Corporate Sustainability Due Diligence Directive was thrown into doubt when the European Council failed to endorse proposals. The directive is back on track after being agreed upon, albeit in weaker form.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
2024-06-28T17:00:00Z By Aaron Nicodemus
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
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