On November 16, a federal court quashed Canada’s ‘plastics ban’ in a lawsuit filed on behalf of several Big Plastic industry members, including Dow Chemical, Nova Chemicals Corporation, and Imperial Oil.
Canada Launches National Climate Adaptation Strategy
Canada Introduces Sustainable Jobs Bill
The proposed Canadian Sustainable Jobs Act seeks to establish a framework by which Canada’s government will plan for and assist the national workforce in transitioning to a new, more sustainable economy.
Canada’s Landlords Need Green Incentives
BlackRock’s Sustainability Moves Fail to Impress
US Dept. of Labor Proposes Rules to Hinder ESG Investment
On June 23, 2020, the US Department of Labor proposed regulations to prohibit private industry pension plans, governed under the Employee Retirement Income Security Act (ERISA), from investing in ESG investment vehicles if doing so would prioritize non-financial objectives over purely financial ones (i.e., increasing returns for plan beneficiaries).