Trends in climate litigation – continued focus on disclosure, portfolio analysis, and role of individual activities in broader climate impacts

The settlement this week of Mr McVeigh’s proceeding against REST has underlined management of climate risk and TCFD-aligned disclosure as growing issues for institutional investors. Other recent developments include a further post-approval challenge to a coal mine, asserting that new expert evidence regarding climate change impacts on the Great Barrier Reef should be taken into account to revoke the approval decision and prosecution for import of synthetic greenhouse gas where a single offence attracted an agreed penalty of $500,000. Read more

EPBC Amendment Bill tabled to facilitate bilateral approval agreements

The Commonwealth Government has taken the first step in a staged approach to reform of the Environmental Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act). The Environment Protection and Biodiversity Conservation Amendment (Streamlining Environmental Approvals) Bill 2020 (Cth) (EPBC Amendment Bill) was introduced to Parliament on 27 August 2020, largely reflective of reforms to … Read more