A panel of the Fifth Circuit Court of Appeals in New Orleans June 5 struck down rules and amendments that require private fund advisors registered with the SEC to provide investors with quarterly statements disclosing fund-level information regarding performance, the cost of investing in the private fund, fees and expenses paid by the private fund, as well as certain compensation and other amounts paid to the advisor.

Arjuna Capital filed a brief June 5 in response to a May 22 ruling by a judge in Texas federal district court that said the lawsuit ExxonMobil filed challenging Arjuna’s shareholder proposal on greenhouse gas emissions may proceed.
?

The Natural Resources Defense Council and the Sierra Club have dropped the lawsuits they filed challenging the SEC’s climate disclosure rules.

At Meta’s May 29 annual meeting an overwhelming percentage of independent shareholders voted for a shareholder proposal asking the company’s board to adopt a recapitalization plan for all outstanding stock to have one vote per share.

The firestorm over Tesla CEO Elon Musk’s $55.8 billion pay package is heating up before the company’s June 13 annual meeting at which shareholders will vote on whether to approve that generous sum.

The Treasury Department published May 28 a joint policy statement and principles on responsible participation in voluntary carbon markets.
VCMs are markets in which carbon credits—each representing one tonne of carbon reduced or removed from the atmosphere—are bought and sold by companies, non-governmental organizations, governments, and others on a voluntary basis.

Despite a bipartisan plea to President Biden urging him to leave in place a Congressional Review Act (CRA) resolution nullifying SEC Staff Accounting Bulletin 121, Biden vetoed the resolution May 31.