📖 Introducing this week's Legal Buzzword 👉 green bleaching brought to you by Christine SIEGL. According to the European Securities and Markets Authority (ESMA), "Green bleaching is a term used when a provider of investment services or products that in practice is "green" chooses not to claim that it is (such as marketing an Article 9 [SFDR] fund as "merely" an Article 8 [SFDR] fund) to avoid extra regulatory requirements and a potential regulatory or legal risk." "Green bleaching" is a rather new phenomenon and it’s rarely discussed and known whether it’s used intentionally. 🤔 Want to see a buzzword featured? Let us know in the comment section below! 👇 #WolfTheiss #WTLegalBuzzwordOfTheWeek #LegalTerms #LawOnTheLevel #LegalDefinition #GreenBleaching #GreenServices #GreenProducts
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Following the Brent Spar incident, Ben van Gils (Moret, Ernst & Young), and undersigned, believed it prudent to notify the European Commission about the significantly higher decommissioning costs that would arise from EU Commissioner Britt Bjerregaard’s call for a ban on dumping. This crucial step, to perform this study, was necessary to ensure that the economic implications of 'no more dumping' were fully understood. As the initiator and author of this communication, I considered it a privilege to contribute to this important dialogue, helping to clarify the potential financial impact of environmental regulations while advocating for responsible and sustainable decommissioning practices within the industry. Pls contact me if you would be interested to receive Volume 2, comprising of - Abandonment Methods - Inventory of currently available Technology and Industrial Capacity, - Significant Risks to H.S.E. - Cost of Abandonment - Experience to date - Initial Design of Structure #EU #decommissioning #cost #taxpayer #dumping #environment
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Here at Thanks a Ton, Earth Day transcends its designated day (April 22) and guides us throughout the month of April and the entire year. By fostering a mindset of daily Earth-conscious actions, we can collectively work towards a healthier, more sustainable future for our planet and all its inhabitants. Each day presents an opportunity to make a positive impact, from reducing waste and conserving resources to advocating for policies that protect our planet. Individuals and communities around the world can engage in actions that promote environmental stewardship and sustainability. We can also call on those in government to enact legislation and codify standards that contribute to environmental sustainability and increase corporate transparency. One of those policies is California AB 1305, which aims to reduce the greenwashing often associated with net zero claims. Passed late last year, we are proud to be fully compliant with California Assembly Bill 1305! This important legislation requires all businesses operating in the state of California to report information on the "voluntary carbon offsets" they market, sell, purchase, or use, including those used to make reduced or net zero emissions claims. Our adherence to this law is a testament to our commitment to environmental responsibility. You can find our latest reporting here: https://lnkd.in/gUbUWrQx We’ve also added links to project details for each of our credit suppliers, which you can dig into here if you’re interested! https://lnkd.in/g37sP6uJ #EarthDay #ThanksATon #ClimateChange #Earth
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Vote Redshaw Advisors for the Environmental Finance Voluntary Carbon Market Rankings 2024 via https://lnkd.in/dC2WSYtN within the following categories: • Best Trading Company • Best Advisory/Consultancy Redshaw Advisors is committed to empowering it's clients with industry-leading insights and procurement services, allowing you to take control of your environmental obligations and confidently work towards achieving net zero emissions. #carbonmarkets #decarbonisation #voluntarycarbonmarkets #vcm Bill Goldie
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Court of Appeal rejects use of global claims approach in Shell Oil spill case The appeal successfully challenged a March 2024 decision which required the Claimants to link specific damage to individual oil spills at the pleadings stage. By rejecting the use of a “global claim”, the Court of Appeal has set an important precedent, enabling claimants to bring forward complex environmental cases involving multiple pollution events without needing to prove total responsibility by a single polluter. Anneliese Day KC of Fountain Court Chambers acted for the successful Appellants leading Edward Craven of Matrix Chambers, Alistair Mackenzie of 2 Temple Gardens and George Molyneaux of Blackstone Chambers, and instructed by Dan Leader and Matthew Renshaw of Leigh Day. Full item here: https://lnkd.in/eXqZBsi5
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The headline should be "Court of Appeal rejects [the lower court's mandating the] use of global claims approach in Shell Oil spill case".
Court of Appeal rejects use of global claims approach in Shell Oil spill case The appeal successfully challenged a March 2024 decision which required the Claimants to link specific damage to individual oil spills at the pleadings stage. By rejecting the use of a “global claim”, the Court of Appeal has set an important precedent, enabling claimants to bring forward complex environmental cases involving multiple pollution events without needing to prove total responsibility by a single polluter. Anneliese Day KC of Fountain Court Chambers acted for the successful Appellants leading Edward Craven of Matrix Chambers, Alistair Mackenzie of 2 Temple Gardens and George Molyneaux of Blackstone Chambers, and instructed by Dan Leader and Matthew Renshaw of Leigh Day. Full item here: https://lnkd.in/eXqZBsi5
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Breaking Down Barriers for a Greener, Unified Europe: The PPWR in Action The European Commission’s recent reasoned opinion to France 🇫🇷 highlights a critical challenge: balancing national waste-sorting initiatives with the principles of the EU's internal market. While France's labeling requirements, such as the Triman logo and Infotri, aim to guide consumers towards better recycling practices, they also raise concerns about compliance with Articles 34-36 TFEU, which protect the free movement of goods. This issue underscores the growing importance of harmonized rules, especially in light of the upcoming Packaging and Packaging Waste Regulation (PPWR). Once adopted, the PPWR will set a unified framework for waste-sorting labels across the EU, reducing fragmentation and ensuring businesses can operate seamlessly within the Single Market. Why does this matter? 🔄 For businesses: Uniform labeling reduces compliance costs and eliminates trade barriers. 🌍 For sustainability: Clear, consistent labeling empowers consumers to recycle effectively. 🤝 For Europe: Harmonization fosters collaboration and innovation across borders. France’s case is a timely reminder of the delicate balance between ambitious national environmental policies and the broader EU vision of a greener, more integrated economy. The PPWR will be instrumental in ensuring that sustainability and market unity go hand in hand. https://lnkd.in/eDSeHBwz #Sustainability #PPWR #CircularEconomy #EUInternalMarket #WasteManagement
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Do you dislike these "greenwashing" messages? Two Sides North America is the only organization in the US and Canada challenging these unsubstantiated claims and getting them changed! Support the effort by reporting what you see to our online submission form and by using your voice by becoming a member. #paperfacts #printrocks #sustainability
Two Sides is the only organization that directly challenges major corporations, utilities, and other organizations that mislead consumers by making unsubstantiated environmental claims about the production and use of paper. https://lnkd.in/gdzFRGS7 #antigreenwashing
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All countries, not just the US, need a more effective approach to ensuring that companies abide by the laws, act responsibly as a member of the local community (stop the tendency to pollute more freely in low income areas), and most especially ensure that company directors, executive officers, and any controlling shareholders bear ongoing personal liability for any violations requiring clean-up or compensation to local communities - regardless of whether the original polluting company has been closed, acquired, or "released" from claims via a bankruptcy or similar proceeding. Until there is personal accountability, both civil and criminal, on the part of the human beings who make the decisions and oversee the company (that is, after-all, what the directors are paid to do), the incentive to pollute and pass the costs along to taxpayers or local communities will remain strong. https://lnkd.in/gq_tSjD8
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Can losing become winning? When you think you're beaten, something beautiful and unexpected might happen. Recently, Fighting Dirty took the government to court to stop toxic waste sludge being spread on crops. Short story - we lost! But don't feel bad for us. Win or lose, every environmental legal case creates new precedents that build a healthier system. The language is a bit technical but, in essence, judges used to treat cases brought by citizens with a light touch, not needing the same amount of scrutiny as others. Now, as a result of our case, judges must dig much deeper into government and regulator motivations and decision-making to see if they acted reasonably. This will have far-reaching implications for citizen justice in areas like environment and planning. When I took the government to court in 2021, I lost too. But it started a chain reaction that, two years later, changed the law. Now major polluters must reduce their emissions or pay. So, when you think you've lost, perhaps you just need to redefine what winning means. Read the article by Sam Fowles of Cornerstone Barristers here: https://lnkd.in/ep_hvhKT #environmentallaw #planninglaw #systemsthinking #systemschange
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𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝗘𝗦𝗚 𝗹𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝘂𝗽𝗱𝗮𝘁𝗲: 𝗗𝗶𝘀𝘁𝗿𝗶𝗰𝘁 𝗖𝗼𝘂𝗿𝘁 𝗼𝗳 𝗧𝗵𝗲 𝗛𝗮𝗴𝘂𝗲 𝗼𝗿𝗱𝗲𝗿𝘀 𝘁𝗵𝗲 𝗗𝘂𝘁𝗰𝗵 𝗦𝘁𝗮𝘁𝗲 𝘁𝗼 𝗿𝗲𝗱𝘂𝗰𝗲 𝘁𝗵𝗲 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗻𝗶𝘁𝗿𝗼𝗴𝗲𝗻 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 Today, on 22 January 2025, the District Court of The Hague ruled that the Dutch State has failed to halt the deterioration of habitats in a timely manner. The State has been ordered to reduce national nitrogen emissions by at least 50 percent by the end of 2030, with a penalty payment of EUR 10 million if the State fails to meet the 2030 nitrogen targets. In our blog, we discuss this ruling and what stands out in it. Read more: https://lawand.tax/4h4gNxk Fore more information, please contact Bastiaan Kemp, Guido Koop, Marit Bosselaar, Jan de Heer, Irene Bloemen, Nanne Kusters, Sjoerd Pennink or Paul Beumer. #ESG #ESGlitigation #Greenpeace #lawandtax
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