For What It's Earth - Issue 51: July 10, 2024

Legislation

On June 20, Canada has passed legislation aimed at curbing 'greenwashing' by corporations. The new law will prohibit certain environmental representations that are not based on adequate and proper substantiation in accordance with international methodologies. Companies found in violation of the law may face finds up to the greater of $10 million, or $15 million for subsequent orders, or three times the value of the benefit derived from the deceptive conduct, or 3% of annual revenues.

Standards

US and EU lawmakers are urging the International Agency to establish global standards for measuring the oil and gas sector's emissions of methane by June 30, 2025. The lawmakers assert that the standards will aid countries in developing policies to reduce methane emissions. The standards are intended to be complementary of regulatory efforts in both the EU and US to slash methane emissions. Seven lawmakers from the two largest political parties in the EU and