On at least one occasion between January 2013 and March 2014, a member improperly used non-public order information, failed to comply with recordkeeping requirements, and aided and abetted another offense in violation of Exchange rules and regulations. The Business Conduct Committee found that the individual failed to answer the charges against him and subsequently admitted the charges and waived his right to a hearing and was found guilty at a later penalty hearing. $60,000 penalty; $42,500 disgorgement of profits; and seven year suspension. … [Read more...] about ICE, CME, CBOT and Other Energy Markets: U.S. Futures Exchanges Disciplinary Actions Report – August 2016
Under the settlement, NCW will provide a certification of EPCRA compliance at 1,356 sites and conduct comprehensive compliance audits of CAA and CWA/SPCC requirements at 1,361 and 41 legacy-AWS facilities, respectively. NCW has also agreed to pay stipulated penalties for all disclosed and corrected violations discovered through these audits. … [Read more...] about Settlement with New Cingular Wireless to Resolve Violations at Hundreds of Legacy ATandT Wireless Sites
The Plan directs states to develop and implement State Implementation Plans that ensure that the power plants in their state, individually, together, or in combination with other measures, achieve the interim CO2 emissions performance rates between 2022 and 2029 and the final CO2 emission performance rates, rate-based goals, or mass-based goals by 2030. Note that the interim target in the final rule begins in 2022, two years later than the in the proposed rule. This delay is in response to comments from states and others concerned about having sufficient time to prepare to begin meeting their targets. Note also that the regulatory burden within the final rule rests with power plants, not with states, responding to the concern that the Clean Air act authorizes the agency to set performance standards for sources, and delineating emission rates to different types of technology, as is the long- established agency precedent. … [Read more...] about Energy & Environmental Law Update: August 5, 2015
The House of Representatives and Senate returned September 6 from the long August recess that started in mid-July. The House is scheduled to be in session for four weeks and the Senate for five weeks before breaking again for the month of October to campaign. Energy legislation will be debated at the conference of the energy bills (S.2012 and H.R. 8) and potentially during an end of the year tax extenders debate. … [Read more...] about Energy and Environmental Legislative Updates for Fall 2016
South Africa could do with its citizens becoming more active. In Brazil popular movements have worked with business elites to redistribute wealth and opportunity in a society that’s as unequal as South Africa. Without exception, development - particularly efforts to tackle poverty and inequality - is best achieved through a combination of active citizenship and effective states. … [Read more...] about Nelson Mandela Day 2017: How Can South Africa Honor His Legacy?