New York's Climate Act, Five Years In: Updates on Grid Reliability
This article reflects on the five-year anniversary of New York state passing the Climate Leadership and Community Protection Act by highlighting some crucial but under-the-radar legal initiatives to preserve grid reliability.
June 11, 2024 at 10:00 AM
8 minute read
Christopher Rizzo and Karen Meara, Carter Ledyard & Millburn.
No one said it would be easy. When New York state passed the Climate Leadership and Community Protection Act (CLCPA) in 2019, one of the most sweeping climate change laws in the nation, its proponents knew transitioning to a zero-emissions electric system by 2040 would be a challenge.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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