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Sustainability Risk is Investment Risk

In her Making Sustainability Disclosures Sustainable article, Prof. Jill E. Fisch proposes creating a Sustainability Discussion and Analysis (SD&A) section to expressly obligate reporting companies to disclose their three most significant sustainability issues in annual reports to the U.S. Securities and Exchange Commission (SEC). Professor Fisch posits that the proposed SD&A, as a workable first step in mandating sustainability disclosures, would provide comparability and reliability to reports that are currently difficult to compare and which may vary in reliability.

Making Sustainability Disclosure Sustainable

The extent to which corporations should incorporate sustainability objectives into their operational decisionmaking is highly contested, as is the relationship between societal impact and economic value. At the same time, issuers are incorporating sustainability considerations into their business operations in response both to investor demands and to the claim that sustainable business practices lead to improved economic performance.

Analysis of Environmental Law Scholarship 2018-2019

This article highlights the results of the Environmental Law and Policy Annual Review (ELPAR) article selection process and reports on the environmental legal scholarship for the 2018-2019 academic year, including the number of environmental law articles published in general law reviews versus environmental law journals, and the topics covered in the articles.

Under the Radar: A Coherent System of Climate Governance, Driven by Business

This Article argues that growing private efforts to address climate change collectively take on the attributes and functions of a governance system that could be vital to societal decarbonization. Instead of evaluating specific initiatives or actions of particular businesses, it explores the entire field of private climate action and offers new ways of thinking about the path ahead.

Rethinking the Function of Financial Assurance for End-of-Life Obligations

This Article develops a new normative account of the function of financial assurance requirements (FARs) for end-of-life obligations in the energy sector. These obligations cover restoration of the site to its original condition or to a level that could accommodate another productive use once the energy project ends. FARs necessitate that operators evidence ability to pay for this.

Climate Refugees in the Pacific

It is now scientifically proven that climate change is causing disruptions to the world at large. These slow-motion consequences threaten most coastal areas around the world, especially the Pacific Island nations.  Scientists predict that climate change will cause the forced displacement of people; desertification; protracted destructive wildfires; sea-level rise; ocean acidification; extreme weather events; and severe drought, which then impacts the supply of food.

Regulating CAFOs for the Well-Being of Farm Animals, Consumers, and the Environment

The livestock sector is one of the planet’s primary causes of resource consumption and environmental degradation. Approximately 99% of meat and other animal products in the United States are from factory farms, and the number of concentrated animal feeding operations (CAFOs) continues to grow. This Article, adapted from Chapter 8 of What Can Animal Law Learn From Environmental Law?, 2d Edition (ELI Press, forthcoming 2020), examines animal agriculture in the U.S and the associated problems.

EPA’s Criminal Prosecution and Punishment of Environmental Crimes

The U.S. Environmental Protection Agency (EPA) has the difficult mission of crafting complex environmental rules and regulations while considering the economic costs of those actions. The Agency must also engage in law enforcement functions to enforce these rules and regulations to ensure compliance, punish appropriately, and deter future offenders. Most of these enforcement actions rely on civil remedies to gain compliance, such as negotiating consent decrees or issuing civil penalties. In cases of willful, chronic, or serious offenses, the Agency can seek criminal penalties.