Tag: greenwashing

Proposed SEC Rules Tighten ESG Investment Claims

The Securities and Exchange Commission (SEC) released two press releases on May 25, 2022, announcing proposed rule changes intended to battle “greenwashing” claims by investment groups. Names Rule The current Names Rule requires registered investment companies with business names suggesting a focus on particular types of investments to adopt a policy to invest at least […]

Greenwashing

Greenwashing: Lawsuit Charges Oil Companies with False Advertising

On April 22, 2021, Earth Day, New York City (NYC) filed suit in New York Supreme Court against Exxon, Shell, BP, and the American Petroleum Institute. The suit alleges the companies utilize false advertising and deceptive trade practices and made untrue claims about the benefits of using their products (commonly known as “greenwashing” when referring […]