CII’s April 8 letter to the SEC seeks clarification of a section of the proposed amendments to Rules 13D and 13G that provides an exemption for investors, such as CII member funds, permitting them to continue to communicate and consult with each other, jointly engage with companies and execute certain transactions without being subject to regulation as a group.
Responding to a March 24 request from House Financial Services Committee Chair Maxine Waters (D-Calif.), CII sent a letter April 13 explaining the actions that its members have taken as a result of Russia’s aggression in Ukraine.
The SEC’s landmark proposed rules requiring registered companies to disclose climate-related information are consistent with SEC rulemaking traditions as well as with the commission’s tradition of letting companies make decisions about materiality, said Gary Gensler during an April 12 Ceres’ investor briefing.
President Biden nominated two individuals to succeed SEC Commissioners Allison Herren-Lee and Elad Roisman. Roisman departed in January and Herren-Lee said she plans to leave the commission as soon as her successor is in place.
This proxy season shareholders will be voting on numerous proposals from CII members that ask companies to report on how they are responding to climate change.
Senate Republicans on April 4 unveiled a discussion draft of the JOBS Act 4.0, a laundry list of more than two dozen proposed bills intended to ease regulatory requirements for entrepreneurs, public companies, broker dealers and others.
Bluebell Capital Partners announced it will vote against approval of Glencore’s 2021 Climate Progress Report and the re-election of director Peter Coates at the company’s April 28 annual meeting, and it is encouraging other Glencore shareholders follow suit. Glencore, a diversified mining company, is recognized by the Climate Action 100+ as a top 100 global emitter of carbon.