CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites

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

Youth plaintiffs in the U.S. recently found the limits of the judicial system in the 9th Circuit. The plaintiffs brought a suit challenging how federal agencies conduct cost-benefit analysis. Since the 90’s, agencies have considered future costs at a “discounted” rate to account for the public’s preference for immediate benefits. The Biden administration removed this “discount” from the cost-benefit analysis of GHG emissions. The current administration reverted the analysis back, restoring the “discount.” This reversion was challenged by plaintiffs who argued it gives a discriminatory preference to living adults and not future adults. The 9th Circuit found that the cost-benefit analysis was too far removed from the impacts to Plaintiffs, stating:

“Rather than challenging a specific governmental action targeting Plaintiffs directly, Plaintiffs attack non-binding administrative guidance that may or may not be employed in the future to set in motion a lengthy chain of events that will allegedly result in their downstream harm. And rather than concluding that Plaintiffs’ asserted harm is not redressable because some distinct harm is legally deficient, we hold that Plaintiffs have no declaratory-judgment remedy because it is unlikely to mitigate the only asserted injuries at issue”

Yesterday, I wrote about climate litigation that got shot down in Germany. In that case, the German courts found that it was beyond their authority to issue policy decisions mandating emissions reductions among specific automakers. These cases have parallels as they both ask the courts for relief beyond their powers. In the current case, the youth plaintiffs are ultimately seeking a government that is more responsive to climate change. Part of the reason the 9th Circuit dismissed the claim is that changing the cost-benefit rules doesn’t guarantee that outcome. The Plaintiffs may be correct. Their version of events may come to pass, and they may suffer a redressable injury as a result. However, there are too many “what-ifs” in the way.

Our members can learn more about climate litigation here.

Interested in a membership with access to the complete range of benefits and resources? Sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then. Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information.

Practical Guidance for Companies, Curated for Clarity.

 

Back to all blogs

The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile