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Financial sector industry groups are pressing the Labor Department (DOL) not to require retirement plans and pensions to consider or report climate change-related risks, arguing that doing so would unfairly prioritize those risks over other financial risks.

Federal energy regulators appear poised to approve a trio of natural gas infrastructure projects later this week though it is not clear if they will respond to EPA calls to conduct more robust climate reviews of the projects, including analysis of upstream greenhouse gas emissions and use of the social cost of carbon to monetize climate-related damages.

With a record budget surplus, California Gov. Gavin Newsom (D) is significantly increasing his fiscal year 2022-23 spending proposal for climate change programs to $32 billion, focusing on clean energy and grid reliability, as well as water resilience and drought response.

EPA is taking one of its first public steps toward developing a new round of light-duty vehicle greenhouse gas and other emissions standards that would begin in model year 2027, with the agency seeking participation by small businesses for a panel to review the potential implications of the upcoming rulemaking on small entities.

The Natural Resources Defense Council (NRDC) last week quietly filed suit over the National Highway Traffic Safety Administration’s (NHTSA) fuel economy standards for model years 2024-2026, even though environmental groups declined to challenge EPA’s coordinated but separate vehicle greenhouse gas standards.

Some major auto manufacturers are supporting a multi-state draft action plan to spur zero emission medium- and heavy-duty trucks, including a call to adopt California’s Advanced Clean Truck (ACT) rule, while other automakers are backing some aspects of the effort while opposing further state-level sales mandates.

A three-judge panel of the U.S. Court of Appeals for the 9th Circuit appears split over whether the Energy Policy & Conservation Act (EPCA) preempts the Berkeley, CA, ban on natural gas hookups in new buildings and homes -- as alleged by the California Restaurant Association (CRA).

Republican-led states are suing EPA in a federal appellate court charging that the Biden administration’s reinstated waiver of federal preemption for California’s vehicle greenhouse gas programs is unconstitutional, advancing similar claims as they made in paused litigation over a Trump-era policy to preempt such state rules.

The Securities & Exchange Commission (SEC) appears to be bolstering its enforcement of current requirements for public companies to disclose climate change-related risks, even as officials move forward with a proposed rule that would impose even more prescriptive disclosure mandates on climate issues.

Sen. Sheldon Whitehouse (D-RI) is reportedly poised to introduce a bill that would impose a border carbon fee on imported goods while also levying a fee on domestic entities with higher-than-average emissions, with the effort coming amid increased bipartisan interest in the notion of carbon border policy.