PRINT LANGUAGES LAWYERS PRACTICES INSIGHTS LOCATIONS VALUES FIRM NEWS CAREERS INSIGHTS SUBSCRIBE HOME INSIGHTS THE CLIMATE REPORT | FOURTH QUARTER 2021 SHARE The Climate Report | Fourth Quarter 2021 NOVEMBER 2021 NEWSLETTERS Read the full Climate Report Climate Change Regulatory Issues & Updates New NEPA Proposed Rule from CEQ Leaves Uncertain How U.S. Federal Agencies Must Assess Climate Change Impacts On October 7, 2021, the Council on Environmental Quality ("CEQ") published a proposed rule announcing intentions to modify certain aspects of the National Environmental Policy Act ("NEPA") regulations published in July 2020 under the Trump administration. [Details] Environmental Labels, Greenwashing, and Ecocide Tackled by France's New Climate Law France's new Climate and Resilience Law is intended to accelerate the transition to a carbon-neutral and more resilient society. It imposes additional requirements on goods and services manufacturers and distributors, as well as more stringent limitations on the use of language related to climate change and stricter punishment for offenses against the environment. [Details] California Air Resources Board Preparing Scoping Plan for Carbon Neutral Future The California Air Resources Board is conducting public workshops during the fall of 2021 as part of its planning for the next Climate Change Scoping Plan, which will lay out strategies for achieving California's greenhouse gas emission reduction targets and related climate change goals. [Details] Climate Change Litigation Issues & Updates Climate-Related Risk Heating Up Down Under Over the last 12 months, there has been a proliferation in shareholder action on climate-related risks in Australia, including a wave of litigation and shareholder resolutions targeted at federal and state governments and publicly listed companies. [Details] Oil Majors and Industrials Under Close Scrutiny in the Netherlands for CO2-Neutral Advertising Claims On September 15, 2021, the Dutch Advertising Code Committee, regulating compliance with the Dutch Environmental Advertising Code applicable to all environmental claims in advertising, issued two decisions regarding the "Drive CO2 neutral" Shell campaign, following complaints made by consumers and students. [Details] Federal Court Dismisses States' Challenge to President Biden's Executive Order 13990 on the Social Cost of Greenhouse Gases On August 31, 2021, a federal district court dismissed a suit brought by 13 states, challenging an executive order by President Biden that establishes an Interagency Working Group on the Social Cost of Greenhouse Gases and directs the Working Group to quantify in monetary values the social costs of carbon, methane, and nitrous oxide emissions. [Details] Climate Change Transactional Issues & Updates Investor Focus on Climate Change Continues to Rise Climate change has long been an area of focus for investors. Recently, however, companies have come under greater scrutiny and have begun to face increased pressure from investors, regulators, activists, and the public to make commitments to programs, policies, practices, and disclosures regarding climate change. Today, it is widely accepted among investors that such issues fall squarely within the purview of boards' responsibilities. [Details] Sustainability in Aviation: Significant Efforts Underway to Reduce Greenhouse Gas Emissions The aviation industry, including air carriers and aircraft manufacturers, has taken significant steps toward increasing the environmental sustainability of the industry. This article highlights three specific ways by which the aviation industry, as a whole, is moving to achieve carbon neutrality and increase its sustainability. [Details] Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our “Contact Us” form, which can be found on our website at www.jonesday.com. The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm. CASEY F. BRADFORD Partner Atlanta + 1.404.581.8119 cbradford@jonesday.com Practice: Energy JOHN EMMERIG Partner Sydney + 61.2.8272.0506 jemmerig@jonesday.com Practice: Global Disputes KEVIN P. HOLEWINSKI Partner Washington + 1.202.879.3797 kpholewinski@jonesday.com Practice: Government Regulation SUSHMA JOBANPUTRA Partner-in-Charge Singapore Singapore + 65.6233.5989 sjobanputra@jonesday.com Practice: Financial Markets MAURICIO LLAMAS Of Counsel Mexico City + 52.55.3000.4082 mllamas@jonesday.com Practice: Government Regulation CHRIS PAPANICOLAOU Of Counsel London + 44.20.7039.5321 cpapanicolaou@jonesday.com Practice: Government Regulation ARMELLE SANDRIN-DEFORGE Of Counsel Paris + 33.1.56.59.39.47 asandrindeforge@jonesday.com Practice: Government Regulation JANE BORTHWICK STORY Partner Pittsburgh + 1.412.394.7294 jbstory@jonesday.com Practice: Government Regulation DAVID S. STRINGER Partner Houston + 1.832.239.3761 dstringer@jonesday.com Practice: Energy ADDITIONAL CONTACTS DANIEL L. CORBETT Associate Boston + 1.617.449.6833 dcorbett@jonesday.com Practice: Government Regulation JENNIFER CHAMBERS Partner Sydney + 61.2.8272.0706 jchambers@jonesday.com Practice: Global Disputes THOMAS M. DONNELLY Partner San Francisco + 1.415.875.5880 tmdonnelly@jonesday.com Practice: Government Regulation DEAN E. GRIFFITH Of Counsel Washington + 1.202.879.3412 dgriffith@jonesday.com Practice: Government Regulation MARY E. KUBIUK Associate Chicago + 1.312.269.1545 mkubiuk@jonesday.com Practice: Financial Markets MARK A. MCCORMICK-GOODHART Associate Pittsburgh + 1.412.394.9509 mmccormick@jonesday.com Practice: Business & Tort Litigation RAVELLE MELISSEN Associate Amsterdam + 31.20.305.4250 rmelissen@jonesday.com Practice: Investigations & White Collar Defense AMY I. PANDIT Partner Pittsburgh + 1.412.394.9547 apandit@jonesday.com Practice: Financial Markets LEAH RATCLIFF Of Counsel Melbourne + 61.3.9101.6831 lratcliff@jonesday.com Practice: Global Disputes KARIM TARANTINO Associate Paris + 33.1.56.59.38.07 ktarantino@jonesday.com Practice: Government Regulation YOU MAY ALSO BE INTERESTED IN NOVEMBER 2021 NEWSLETTERS Federal Court Dismisses States' Challenge to President Biden's Executive Order 13990 on the Social Cost of Greenhouse Gases OCTOBER 2021 REPRINTS Litigation Leaders - Stephanie Parker and Jay Tambe (The American Lawyer) OCTOBER 2021 COMMENTARIES New York Court of Appeals Rejects Consent-By-Registration Rule for Personal Jurisdiction OCTOBER 2021 INSIGHT Ninth Circuit Affirms Standing to Bring Securities Act Claims in Connection With Direct Listing Despite Tracing Difficulties PRACTICES Business & Tort Litigation Energy Financial Markets Global Disputes Government Regulation LOCATIONS Melbourne Sydney Amsterdam London Paris Atlanta Boston Chicago Houston Pittsburgh San Francisco Washington WHY Jones Day? 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