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California Emissions Tax Costs Billions
March 04, 2016
Bloomberg reports that California's "cap-and-trade" system, which effectively taxes businesses on the carbon emissions they release, is costing some energy companies hundreds of millions of dollars per year and the entire industry approximately $3 billion, most of which will likely be passed on to consumers.
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WEF Releases Report on Corporate "Social Innovation"
March 03, 2016
Arguing that businesses have "an important role to play" in addressing economic inequality, the World Economic Forum ("WEF") has released a guide for corporations on how to pursue a strategy of "social innovation" to address the lack of resources in communities around the globe.
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ISO Publishes Revised "Environmental Management" Standard
March 03, 2016
The International Organization for Standardization ("ISO") has produced a revised standard that provides a framework for businesses and other organizations, regardless of size, to meet the "growing imperative" of establishing a "sound environmental management system," in line with the agenda of the UN and activists on "sustainability" issues.
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UN, NGO Push "Responsible Taxation" for Businesses
March 03, 2016
A webinar jointly hosted by the UN Global Compact and the Business & Human Rights Resource Centre places pressure on companies to "meet their own human rights responsibilities" by engaging in "responsible taxation" practices that help governments further their economic and social policies.
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New York Calls for SEC to Force Exxon Climate Vote
March 02, 2016
New York State Comptroller Thomas DiNapoli and other shareholders in energy company Exxon Mobil have petitioned the US Securities and Exchange Commission ("SEC") to force Exxon to permit a vote on a resolution that would require the company to report annually on its response to business risks relating to climate change.
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