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With the deadline to publish SB 261-compliant climate risk reports rapidly approaching (January 1, 2026), and with legal challenges slowly moving through the court system in the U.S. District Court for the Central District of California and the Ninth Circuit, it perhaps comes as little surprise that industry groups have now sought the emergency involvement of the Supreme Court of the United States (“SCOTUS”).
V&E Environmental Update
On November 17, 2025, the Division of Corporation Finance (the “Division”) of the Securities and Exchange Commission (the “SEC”) announced it will not respond to, and will express no views on, requests for exclusions of shareholder proposals brought pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, other than historically relatively uncommon requests relying on Rule 14a-8(i)(1), for the 2025–26 proxy season.
V&E SEC Update
On November 7, 2025, U.S. Environmental Protection Agency (“EPA”) Administrator Lee Zeldin signed a final rule granting Texas primary permitting authority over Class VI Underground Injection Control (“UIC”) permits within the state.
V&E Environmental Update
Across sectors and jurisdictions, the data point to a world facing more frequent and intense physical disruptions. Extreme heat, heavy rainfall, rising sea levels, and prolonged droughts are no longer regional anomalies; they are macroeconomic factors shaping markets, policy, and investment strategy. The economic toll is mounting: physical damage from extreme weather cost the global economy at least $1.4 trillion last year, according to data compiled by Bloomberg Intelligence.
Published by CorpGov
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) has adopted a 50% ownership rule that extends to parties on the Entity List and Military End-User List (“MEU List”).
V&E Export Controls Update
The Supreme Court held a marathon, nearly 3-hour oral argument yesterday, in what could be the most economically-impactful cases this Term: Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections (the “Tariff Cases”).
V&E Supreme Court Update
On October 23, 2025, Department of Energy Secretary Chris Wright, relying on his authority under Section 403 of the Department of Energy Organization Act, directed the Federal Energy Regulatory Commission (the “Commission” or “FERC”) to consider an Advance Notice of Proposed Rulemaking (“ANOPR”) and initiate rulemaking procedures to address potential reforms to “ensure the timely and orderly interconnection of large loads to the transmission system.”
V&E Energy Update