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Biden Administration Looks to Pressure Investors Towards ESG Standards Through Climate Disclosures
February 21, 2022
As environmental, social, and governance (ESG) standards take more place in both the private sector and the government The Biden administration is prioritizing proposed rule-making that would require companies to produce climate-related disclosures, most notably through the Securities and Exchange Commission.
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Texas Sues Facebook over Biometric Data Collection
February 16, 2022
The Texas attorney general's office has sued Meta's Facebook, alleging that FB violated state privacy law by collecting biometric data of millions of Texans without their consent.
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Will the U.S. work with the New International Sustainability Standards Board on Sustainability Reporting Rules?
February 16, 2022
Writing for CFO.com, Robert C. Pozen, trustee of the IFRS which oversees the Foundation International Accounting Standards Board (IASB) explores the question of whether or not the U.S. with adopt their international financial reporting standards created by a new International Sustainability Board whose goals are to create uniform financial reporting standards on climate change and sustainability.
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FSOC reports on Climate-Related Financial Risk
February 16, 2022
The Financial Stability Oversight Council (FSOC), which is how all of the U.S. agencies coordinate on climate issues has just issued a new report on climate-related financial risk which concludes that climate-related financial risk is “an emerging threat to the financial stability of the United States.”
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Commentary: BlackRock CEO Larry Fink’s Woke Capitalism Crusade Runs into Resistance
February 08, 2022
Andy Puzder and Stephen R. Soukup describe BlackRock CEO Larry Fink’s Woke capitalism crusade and retreat as his push for Environmental, Social and Governance (ESG) investment criteria and “stakeholder capitalism” were met with intense resistance from many including shareholder activists, U.S. senators, state treasurers, legislators, governors, as well as the former director of “sustainable investing” for BlackRock itself.
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