Climate

Impax Asset Management Expresses Frustration Over Complexity and Delay in Implementation of Biden’s Climate Law, Leading to Enrichment of Middlemen

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Washington, D.C. – Impax Asset Management, one of the world’s largest green investment managers, has expressed frustration with certain aspects of President Joe Biden’s landmark climate law. The Inflation Reduction Act, which was introduced in mid-2022, was initially touted as a game-changer, but Impax now argues that the legislation contains too many obstacles that hinder its implementation and benefit intermediaries at the expense of green projects. Charlie Donovan, senior economic adviser at Impax and a professor at the University of Washington, criticized the clean-energy tax credits of the IRA for being overly complex and not … Read more

Controversial Climate Change Lawsuit Sparks Debate over $3 Million Expenditure on Mainland Lawyers

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HONOLULU, Hawaii – The state of Hawaii is set to allocate more than $3 million to hire mainland lawyers in defense against a climate change lawsuit filed by local children. The Attorney General’s office argues that the outside legal assistance is necessary, but a retired state Supreme Court justice disagrees, calling it a waste of money. Last year, fourteen young individuals teamed up with local and national environmental lawyers to sue the state. In response, the state hired the services of Morgan Lewis and Bockius, a mainland law firm, and is seeking $3.25 million from … Read more

Gov. Josh Green Calls for Additional Funds to Fight Climate Lawsuit: Hawaii Youths Accuse State Department of Violating Constitutional Rights

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Honolulu, Hawaii – The administration of Gov. Josh Green is seeking an additional $2.25 million to combat a climate lawsuit filed by 14 young individuals in Hawaii. The lawsuit accuses the state Department of Transportation of violating their constitutional rights by endangering their present and future well-being. The funds are intended to cover the costs of an external law firm that is already collaborating with the state Attorney General’s Office to represent the department. The case is scheduled to be heard in the 1st Circuit’s Environmental Court in Honolulu from June 24 through July 12. … Read more

Delaware Climate Change Lawsuit Against Big Oil Faces Major Setback as State Court Partially Dismisses Claims

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Wilmington, Delaware – A lawsuit filed by the government of Delaware against major fossil fuel companies over their greenhouse gas emissions and impact on global warming has been partially dismissed by a top state court. Judge Mary Johnston of the Delaware Superior Court ruled that the state’s claims for damages related to out-of-state or global greenhouse gas emissions and interstate pollution are preempted by the federal Clean Air Act and fall beyond the limits of state statute. Although other claims can still be pursued, the ruling significantly weakens the case. The lawsuit, which dates back … Read more