Proposed Item 1502(a) of Regulation S-K would require companies to identify and disclose climate-related risks that are reasonably likely to have a material impact on their business or financial statements, which may manifest over the short-, medium- and long-term.

The proposed rules, if adopted, would substantially expand climate-related disclosures for many companies and result in significant expenditures of time and resources.

Tax associate Ali Foyt joins host Megan Berge to share her top five insights from her recently completed 50-state survey of hydrogen state tax incentives.

Resources that can help directors in shaping a company’s ESG approach—understanding why it matters, what it looks like, and how it connects to long-term performance

A discussion on how corporate boards are engaging on climate risk, including the implications for the business and for the broader, global operating environment.

The KPMG Board Leadership Center and Plan C Advisors present a framework for board oversight of climate-related risk and opportunity.

KPMG IMPACT is a platform to support and empower KPMG professionals to assist clients in fulfilling their purpose and helping deliver on the UN Sustainable Development Goals.

Over the past few weeks, there has been a flurry of SEC ESG-related developments.  As we predicted, the current SEC acting chair has wasted no time in indicating that the SEC’s 2010 climate change disclosure guidance is beyond dated.  On February 24, 2021, Acting Chair Allison Herren Lee directed the SEC Division of Corporation Finance to focus on climate-related disclosures and use their insights to begin updating the 2010 guidance...

Chevron’s climate lobbying activities are designed to support our commitment to deliver affordable, reliable, and cleaner energy. Chevron strives to maintain positive, constructive relationships with policymakers and their staffs. Our engagements aim to deliver recommendations on policy matters regarding the economy, climate change, energy security, international issues, and research and energy development – all vital to help advance an orderly transition to a Paris-aligned world...

At Chevron, we believe the future of energy is lower carbon and we support the global net-zero ambitions of the Paris Agreement. Affordable, reliable, ever-cleaner energy is essential to achieving a more prosperous and sustainable world. In this report, we outline our governance, risk management, strategy, portfolio, actions, and metrics.

​General counsels are often charged with a complex collection of duties, responsibilities and poorly defined issues to worry about, and with the rise of public interest in ESG matters, navigating ESG considerations has been added to many GCs’ long lists of to-dos. ESG is, and should be treated as, a new practice area, and GCs should seek appropriate internal and external support...

​At the Energy Infrastructure Council (“EIC”), a trade association representing traditional and renewable energy infrastructure companies, environmental, social and governance (“ESG”) reporting has become a core part of our mission. As we work to support and advance ESG initiatives at member companies, and across the midstream industry, we are proud to report that in December 2020, the EIC, in collaboration with GPA Midstream, released the first Midstream Environmental, Social and Governance (ESG) Reporting Template (“Template”)...

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On Thursday, January 21, President Biden announced that Democratic SEC Commissioner Allison Herren Lee will serve as acting chair of the Securities and Exchange Commission (the “SEC” or the “Commission”). As a reminder, Acting Chair Lee was sworn in as an SEC Commissioner in July 2019. Only three women have held the permanent role of SEC chair: Mary Schapiro, Elisse Walter and Mary Jo White, all of whom served during the Obama administration. Upon her appointment as acting SEC chair, Lee stated that during her time as a Commissioner, “I have focused on climate and sustainability, and those issues will continue to be a priority for me.”...

​Yesterday, Treasury and the IRS issued final regulations on the expanded carbon capture tax credit implementing a number of welcome changes and clarifications to the proposed regulations. Key changes are generally investor-favorable and include (i) simplifying the definition of carbon capture equipment; (ii) allowing smaller carbon capture facilities to be aggregated for purposes of meeting minimum capture requirements; (iii) reducing the tax credit recapture period to 3 years; and (iv) incorporating the recently enacted 2-year extension (from January 1, 2024 to January 1, 2026) for beginning construction on carbon capture projects. 

​President-Elect Joe Biden has promised to change course, including on a number of the Trump Administration’s signature (de)regulatory and executive actions — from energy and the environment to public health, immigration, and the economy. But while a new President can do a lot to reverse a predecessor’s actions in certain areas, every White House is subject to key statutory and constitutional constraints that either slow the pace or provide absolute bars.

Join top ESG thought leaders as they discuss where the current ESG developments are leading us, how we can expect the ESG conversation to change over the next decade, and how companies can prepare for new ESG legislation, regulation, litigation and reporting trends.