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SEC Files Charges in Waste-to-Energy Fraud

An Alabama attorney allegedly defrauded investors out of millions of dollars, which he claimed would be used to develop waste-to-energy projects, according to the US Securities and Exchange Commissions.

Conflict Minerals Filings Below Estimates

More than 1,300 companies made their first conflict minerals filings in accordance with a new Securities and Exchange Commission rule, though the number was far less than expected, according to a report by Ernst & Young. Early estimates indicated around 6,000 companies would be affected by the rule and that … Read more »

Shareholders File Record-Breaking Number of Social, Environmental Resolutions

Shareholders File Record-Breaking Number of Social, Environmental Resolutions

Investors have filed 417 social and environmental shareholder resolutions so far this year at least 50 more than the same time in 2013 and 20 percent more than in February 2012, according to an analysis of proxies. The “Proxy Preview,” an annual report by As You Sow, the Sustainable Investments … Read more »

Climate Risk Reporting Found Lacking

The majority of financial reporting on climate change is too brief and largely superficial, and most companies are failing to meet federal requirements, Ceres says. The US Securities and Exchange Commission (SEC) has not adequately addressed the climate disclosure deficiencies of publicly traded corporations, according to a report, Cool Response: … Read more »


DOE Didn’t Report Ecotality Concerns Prior to Its Bankrupcty, Audit Finds

The US Department of Energy did not report concerns about Ecotality five months before the electric vehicle charging company, which had won $135 million in federal funding, filed for bankruptcy, according to an audit by a government watchdog group. DOE knew as early as May that Ecotality was not on … Read more »


Apple, Amazon Among Firms Ignoring SEC Climate Risk Rule

Apple and Amazon are among the nearly 75 percent of US publicly traded companies ignoring a Securities and Exchange Commission rule that they inform investors of climate-related risks, Inside Climate News reports. The news agency says Lawrence Taylor, a 72-year-old retired database developer and entrepreneur, culled data from annual reports … Read more »

Ecodesk Launches Conflict Minerals Monitoring Tool

Ecodesk Launches Conflict Minerals Monitoring Tool

Ecodesk has launched a monitoring tool for businesses to track conflict minerals used in their supply chains. Founder Robert Clarke says the tool is part of Ecodesk’s vision to be an early warning system for non-financial factors in supply chains, providing businesses with an understanding of potential problems before they … Read more »

PNC Bank

PNC Investors Support Climate Change Risk Management

Some 22.8 percent of PNC Financial shareholders representing more than $5.4 billion dollars have voted in support of a resolution asking the company to assess its exposure to climate change in its lending, investing and financing activities. This is the first time that shareholders have been able to vote on … Read more »

Policy & Enforcement Briefing: SEC Rules, Wisconsin Mining Permit, Offshore Royalties

The US Court of Appeals for the District of Columbia has barred Oxfam America from taking part in oral arguments over SEC rules that force oil and mining companies to disclose payments to foreign governments. Oxfam, which has formally intervened in the case on the SEC’s side, had asked the court … Read more »

PNC Emissions Resolution to Stay, SEC Says

A shareholder resolution proposing that PNC Financial assess the greenhouse gas emissions in its lending portfolio as well as its exposure to climate change risk must remain on the proxy ballot, according to a ruling by the US Securities and Exchange Commission. The SEC decision reverses previous rulings and poses … Read more »

Policy & Enforcement Briefing: Keystone XL, Edge Products Penalty, Fallow Farmland

The Keystone XL pipeline will have a greater impact on climate than previously thought because it will expand the tar sands industry and lead to increased combustion of a dirty form of oil, a study from Oil Change International finds. The report says that current analyses are undercounting carbon emissions … Read more »

Policy & Enforcement Briefing: Illegal Waste Export, E. Coli Limits, EPA 2012 Results

Executive Recycling, formerly of Englewood, Co., and two of its top executives were convicted of criminal charges for illegal export of hazardous waste, smuggling, obstruction of justice, and wire and mail fraud in a Denver federal court. Brandon Richter is the former owner and CEO; executive Tor Olson was also … Read more »

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