In the News

Last year, the Supreme Court sided with West Virginia in rejecting a different (Obama-era) EPA plan. “The West Virginia decision left intact EPA’s obligations to reduce greenhouse gas emissions that endanger public health from the power sector,” says Dena Adler, an attorney at the Institute for Policy Integrity at New York University School of Law, in an emailed statement. The 2022 ruling left pathways available to the EPA, she says, and “the agency has carefully walked those lines in this proposal.”

Recently environmentalists have touted a series of studies that find links between gas stoves and health risks. An April 2022 report from the Institute for Policy Integrity summarizes that “[w]ithin just a few minutes of cooking . . . pollutant concentrations can exceed levels” that both EPA and the World Health Organization “have deemed unsafe and linked to respiratory illness, cardiovascular problems, cancer, and other serious health conditions.”

The CPSC, already walking back some of Trumka’s initial statements, is likely to settle on a compromise approach. A report from New York University Policy Integrity this spring detailed some of those options, including requiring that stoves be sold with hoods, establishing performance standards for those hoods, or equipping gas stoves with sensors that alert the user of pollution concentrations.

“No one’s going to walk into their kitchen tomorrow morning and find a hole where the gas range used to be,” the NYU report co-author, Jack Lienke, said. “The bottom line is that Congress created the CPSC to ensure that consumer products — including home appliances — are reasonably safe. A growing body of evidence indicates that gas stoves aren’t. If the Commission ignored this reality, it wouldn’t be doing its job.”

Key U.S. authorities have acknowledged the urgent need to act on climate risks to the banking system. Recent actions and remarks are beginning to shed light on what the next wave of policies to address these risks might entail. They’re likely to look a lot like many other, existing financial risk regulations.

The FTC voted 3-1 along party lines to issue the Junk Fees ANPR. The Junk Fees ANPR was issued following the issuance of a Petition for Rulemaking filed by the Institute for Policy Integrity in December 2021.

The new study could add to calls to limit public health risks from gas stoves. Earlier this year, the Institute for Policy Integrity (IPI) at New York University pressed the Consumer Product Safety Commission to address such risks -- an effort that comes as California and various local governments seek to limit gas-fired appliances over climate change concerns.

A proposal from the Securities and Exchange Commission (SEC) that would standardize public companies’ disclosures of climate risk information is getting strong support from the general public, investors, companies of various sizes across a wide range of sectors, law and business scholars, public officials, climate scientists, and environmental advocates – including EDF. We joined the Institute for Policy Integrity at NYU School of Law to submit letters supporting the proposed standards. Our letters focus on three reasons why the SEC is on strong legal footing.

NYU Law’s Institute for Policy Integrity has tracked and commented on regulatory activity involving ESG in the past few years. Policy Integrity has submitted comments on proposed rules from the US Department of Labor involving retirement plan fiduciaries’ ability to integrate ESG considerations into investment and proxy voting decisions. And recently the institute prepared comments on the US Securities and Exchange Commission’s proposed new requirements for ESG fund names and ESG funds’ disclosures on investing and voting practices.

"Drip pricing is really not good for anyone — it creates a race to the bottom, where all ticket sellers feel like they have to advertise deceptively low fees or they'll lose out to those who do," said Max Sarinsky, a senior attorney at the Institute for Policy Integrity at New York University. "It's not the kind of problem that can solve itself, because it requires all actors to behave well." Last year, the institute asked the Federal Trade Commission, which has the authority to crack down on misleading and deceptive business practices, to ban drip pricing. Its petition garnered support from a number of consumer rights groups and event ticket sellers.

Greenhouse gas emissions are financially relevant to investors because they affect the company's ability to transition to a new economy, and could add compliance costs, Lienke said. “If we know that an increasing number of states and countries are making legally binding requirements," he said, "that is going to have a financial impact on those companies in those jurisdictions that emit a lot."