News

Renewable generation, use, provision, and investment are important material considerations in corporate climate disclosures.

A new analysis released today by the American Council on Renewable Energy (ACORE) assesses how the Inflation Reduction Act (IRA) is impacting the near- and mid-term outlooks of some of the most prominent investors and developers in the renewable energy sector.

The 2023 ACORE Finance Forum returns to New York City on June 7-8, bringing together leaders from across the renewable transaction landscape–investors, developers, utilities, manufacturers, advisors and buyers–to assess risk mitigation amidst uncertainties with the Inflation Reduction Act (IRA) implementation, ongoing inflation, permitting challenges and transmission constraints.

President Biden vetoed a bill today that would deny retirement plan fiduciaries the discretion to consider climate change and other environmental, social, and governance (ESG) factors when making investment decisions and exercising shareholder rights. 

The U.S. House of Representatives approved a measure today that would block the Department of Labor from enforcing a rule that allows plan fiduciaries to consider climate change and other environmental, social, and governance (ESG) factors when they select retirement investments and exercise shareholder rights.

The U.S. Department of Labor (DOL) has concluded that two rules issued during the Trump administration “unnecessarily restrained plan fiduciaries’ ability to weigh environmental, social and governance (ESG) factors when choosing investments, even when those factors would benefit plan participants financially.”

“ACORE is glad to see the Securities and Exchange Commission (SEC) make progress on corporate climate disclosures as part of the Biden administration’s whole-of-government approach to address the climate crisis…”

The U.S. Department of Labor (DOL) has released its proposed rule to remove the barriers imposed by the Trump administration that were intended to slow the growth of Environmental, Social and Governance (ESG) investing.