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Biden Administration Advances Climate Change Agenda


Wednesday, February 17, 2021
It’s no secret that President Biden plans to prioritize action on climate change. During his presidential campaign, Biden identified climate change as one of his top four priorities, and announced he would seek to put the U.S. on a path towards “net-zero” greenhouse gas emissions by 2050. In the few weeks since his inauguration, President Biden has taken a suite of actions aimed at making good on that promise.
Overview
Within hours of his inauguration, President Biden had acted to bring the U.S. back into the Paris Agreement and signed Executive Order 13990, “
Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis.” Among other things, that order revoked a key permit issued for the Keystone XL oil pipeline and ordered a review of actions taken under the Trump administration. One week later, the Biden Administration hosted “climate day” at the White House, where he describ ....

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Biden Administration & ESG Regulations: SEC, DOL, EPA


Tuesday, February 16, 2021
As the Biden Administration settles in and begins to appoint its designees to key executive and administrative agencies, a series of policy objectives are coming into focus.  Chief among them is expanded attention and regulation in the ESG space regarding environmental, social and governance issues at American businesses. In this post, we survey the expected direction of these initiatives at, for example, the SEC, Department of Labor, and EPA.
Securities and Exchange Commission
As has been widely reported, President Biden has nominated Gary Gensler to be the next chairman of the Securities and Exchange Commission.  After becoming one of the youngest partners at a leading Wall Street investment bank, Gensler transitioned into government service as a senior official in President Clinton’s Treasury Department and as the chairman of the Commodity Futures Trading Commission (CFTC) under President Obama.  While at the CFTC, Gensler ....

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Environmental Justice in the Biden Administration | WilmerHale


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The Biden Administration is seeking to advance “environmental justice” (EJ) through its policy and regulatory priorities in a way that no administration has before. Environmental justice which seeks to address disproportionate environmental impacts on racial minorities, Native American tribes, and disadvantaged communities is hardly a new concept. But in recent months, a variety of political, social, and economic forces has combined to underscore EJ concerns. The Black Lives Matter movement and COVID-19 pandemic have highlighted the damaging consequences of systemic racism and the heightened risks that low-income and minority populations bear, including from environmental pollution sources. These movements reignited a drive to address the excessive incidence of environmental contamination and pollution in disadvantaged communities. Some citizens, corporate shareholders, and the Biden Administration appear to shar ....

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