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Proposed Amendments to the Federal Acquisition Regulation —Greenhouse Gas Emissions and Climate-Related Financial Risks | Vinson & Elkins LLP

The Federal Acquisition Regulatory Council (“FAR Council”) published a proposed rule in the Federal Register on November 14, 2022, that would create several significant compliance...
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US Government Proposes Rule Requiring Major Federal Contractors to Disclose Greenhouse Gas Emissions and Establish Science-Based Emissions Reduction Targets

As noted in our COP27 recap, this year’s climate summit in Sharm el-Sheik involved both the historic creation of a fund to compensate countries most…
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FAR Council Proposes to Create a New Standard of Contractor Responsibility: Requiring Contractors to Disclose Greenhouse Gas Emissions and Climate-Related Financial Risk | Wiley Rein LLP

WHAT: The Federal Acquisition Regulatory Council (FAR Council) issued a proposed rule requiring certain contractors to make representations regarding greenhouse gas (GHG) emissions and...
France General United States Science Based Targets Initiative Sbti Exchange Commission Hawaiian Organization Alaska Native Corporation

White House Announces Federal Supplier Climate Risks and Resilience Rule - How This Will Impact Federal Government Contractors | Venable LLP

In accordance with the Biden administration's Federal Sustainability Plan, on November 14, 2022, President Biden proposed the Federal Supplier Climate Risks and Resilience Rule. The...
Exchange Commission Us Environmental Protection Agency Science Based Targets Initiative Sbti Task Force On Climate Federal Sustainability Plan President Biden

PETRONAS paving the way to net-zero carbon emissions by 2050

The window of time left to address climate change is narrowing. There is a 50:50 chance that average global temperatures will exceed 1.5°C above pre-industrial levels in the next five years, according to the World Meteorological Organization. This will lead to increased frequency and impact of climate hazards.
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