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TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

DealLawyers

DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

There’s something of an irony here.  According to Financial Times last week, Meta’s plans to

“build an AI data centre in the US that runs on nuclear power were thwarted in part because a rare species of bee was discovered on land earmarked for the project, according to people familiar with the matter… However, the potential deal faced multiple complications including environmental and regulatory challenges, these people said. The discovery of the rare bee species on a location next to the plant where the data centre was to be built would have complicated the project, Zuckerberg told a Meta all-hands meeting last week, according to two people familiar with the meeting.”

Seems like nature threw a monkey wrench into Meta’s climate program. While this might elicit a grin, there is serious message here – what contingency plans does your company have for achieving climate goals if something unexpected happens to Plan A? Or Plans B, C and D? In Meta’s case, this hurdle not only impacts them, but also their customers hoping for their own Scope 3 reductions from Meta’s plans. So now what?

Members can learn more about AI and the climate here.

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The Editor

Lawrence Heim has been practicing in the field of ESG management for almost 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one… View Profile