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Latest News in Energy

  • September 29, 2023

    CFTC Fines Goldman Sachs $3M Over Disruptive Trades

    Goldman Sachs has agreed to pay a $3 million fine after the U.S. Commodity Futures Trading Commission determined the financial institution failed to make sure the trading of one of its customers was not disruptive and then omitted information from the commission's subsequent investigation.

  • September 29, 2023

    Chemical Co. To Pay Feds $218M To End Bribery Claims

    A North Carolina chemical manufacturer has agreed to pay the government more than $218 million in a nonprosecution agreement to resolve allegations that it bribed foreign officials for business at state-owned oil refineries, the U.S. Department of Justice announced Friday.

  • September 29, 2023

    SkyeTec To Pay $2.35M Over False Energy Star Certifications

    Florida-based energy rating and building inspection company SkyeTec will pay $2.35 million to settle claims that it violated federal laws by knowingly making false statements to the U.S. Environmental Protection Agency about thermal bypass inspection results it was performing for homes seeking Energy Star certification, the U.S. Department of Justice announced Friday.

  • September 29, 2023

    EV Car SPAC To Pay SEC $11M For Alleged Bogus Revenues

    The U.S. Securities and Exchange Commission has fined Spruce Power Holding $11 million to resolve allegations that its predecessor, electric vehicle startup XL Fleet Corp., fraudulently padded revenue projections with speculative sales leading up to its 2020 going-public merger with a special purpose acquisition company.

  • September 29, 2023

    Greenwashing And 'Greenhushing': Lessons For Fashion Cos.

    While fashion companies continue to pursue improvements in the environmental impacts of the clothing they produce, they might be wise to note how businesses in other industries have attracted litigation over alleged greenwashing, and consider playing down environmental claims — a phenomenon known as "greenhushing," says Christopher Cole at Katten.

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