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Scientists and environmental regulators have been studying PFAS for years now, but new details are still coming out that make these so-called "forever chemicals" seem even more hazardous than previously thought. Earlier this month, the EPA said it's unsafe to be exposed to essentially any amount of PFOA and PFOS, the two most well-known PFAS chemicals. The agency set a new non-binding health advisory for these two chemicals at less than one tenth of one part per trillion. The EPA's prior standards set in 2016 were thousands of times higher this and, furthermore, current PFAS sampling technology can only detect concentrations of four parts per trillion and above. Bloomberg Law chemicals reporter Pat Rizzuto joined our environmental podcast to talk about why the agency took this extraordinary step, where the science on PFAS chemicals is heading, and what this will mean for regulators grappling with this ongoing environmental problem. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. See omnystudio.com/listener for privacy information.

If it was ever easy to be the manager of an ESG fund, it certainly isn't any more. Demand for these environmentally friendly investment options is skyrocketing, but scrutiny from the Securities and Exchange Commission is increasing along with it. Late last month, BNY Mellon paid the agency $1.5 million to settle a claim that it misled investors about how it applies ESG principles to some of its mutual funds. Also, the SEC released proposed regulations imposing new requirements on funds that advertise themselves as ESG. Will all of this have a chilling effect that may halt or even reverse the rapid growth of this area of investing? To find out we, hear from two attorneys who represent fund managers that work on ESG investments. George Raine and Robert Skinner are partners at the firm Ropes & Gray who specialize in the financial services industry. They spoke with Bloomberg Law's Andrew Ramonas about why the SEC is doing what it's doing, and why it's more important than ever for ESG fund prospectuses to be bulletproof.   Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. See omnystudio.com/listener for privacy information.

DuPont, a company founded shortly after the turn of the 19th century, has gone through a merger and several spinoffs in recent years, still existing more or less in name only. And while there were many reasons for these moves, the weight of liability from the chemicals collectively known as PFAS undoubtedly played a factor. But DuPont isn't the only company that could be brought low by PFAS suits. Bloomberg Law's Andrew Wallender did a deep dive on PFAS litigation data and found that plaintiffs here are widening their scope and pursuing other companies, including, most prominently, 3M. On this episode of our environmental podcast, Parts Per Billion, Andrew speaks about what he learned from looking at this litigation data and how 3M and the other targets of these suits will try to defend themselves. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. See omnystudio.com/listener for privacy information.

Last year's infrastructure bill gave the EPA a deluge of cash to hand out to water utilities for infrastructure upgrades. But some of the smallest and neediest water utilities in the country may not see much, if any, of it. There are thousands of struggling water systems, many in remote, rural areas, that serve just a few hundred people. Many are in the Catch-22 situation of desperately needing federal money, but simply not having enough expertise and manpower to apply for it. On today's episode of Parts Per Billion, our environmental law podcast, reporter Bobby Magill talks about his recent trip to New Mexico to speak to some of these small utilities. He says some are acknowledging their limitations and partnering with larger nearby utilities—even though this can mean a painful loss of local control.   Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. See omnystudio.com/listener for privacy information.

It's never easy for environmental activists—whether global, national, or local—to stop the construction of a big energy infrastructure project. But now, it may be nearly impossible. For an example, look to southwestern Louisiana. Fossil fuel companies are building new liquefied natural gas terminals there as fast as they can, with explicit approval from a Biden administration that desperately wants to replace Russian's energy dominance overseas. And these terminals are being built in an economically depressed region where fossil fuel jobs can represent a ray of light. Against these types of headwinds, what's an activist supposed to do? That's the topic of discussion on today's Parts Per Billion, our weekly environmental podcast. Bloomberg Law's Daniel Moore traveled to Louisiana and talked to residents living near current and future LNG terminals about how the facilities are affecting the Gulf Coast's environment. And Daniel explains why advocates for renewable energy there are having a tough time making their case in the current economic and geopolitical climate.   Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. See omnystudio.com/listener for privacy information.

Here's yet another complicated and confusing question about the transition to a post-greenhouse gas world: Is what's billed as low-carbon gasoline good or bad for the environment? That's the question lawmakers in several Democratic-led states are asking themselves, and no easy answers are appearing. New Mexico, New York, and Minnesota, to name a few, have debated new standards that would encourage the adoption of more climate-friendly auto fuels, either through blending with ethanol or with another type of biofuel. But in all of these states, these measures failed amid opposition from environmentalists, who say a new fuel standard would simply delay the abandonment of fossil fuels altogether. On today's Parts Per Billion, our biweekly environmental law podcast, we hear from reporter Zach Bright about why low-carbon fuel standards are struggling to gain traction at the state level, despite support from high-level Democrats. Bright also talks about the states that have managed to adopt their own standard, and how they did it. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.

Some good news for ESG investors, and even better news for accountants: the Securities and Exchange Commission just unveiled a new proposal that would force public companies to disclose mountains of climate change information. The proposal goes far beyond requiring disclosure of the fossil fuels a company itself uses: It would also have companies report out the carbon footprint of their supply chains and even, in some cases, of the customers who use their products. On today’s On The Merits, our weekly legal news podcast, we hear from Bloomberg News sustainability editor Eric Roston about what’s in this SEC proposal and why, for so-called “green investors,” this has been a long time coming. We also hear from Bloomberg Tax’s Amanda Iacone about why these disclosure rules could be a boon for accountants. After all, someone has to audit all of those new corporate climate statements. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.

If you thought Russia's invasion of Ukraine hurt the oil market, wait until you hear what it's doing to uranium. Before last month's invasion, Russia and its allies supplied nuclear power plants in the U.S. with half of their uranium, and 100% of a special type of uranium needed for smaller, next generation power plants. That entire supply chain has obviously been thrown into question since then, and that has huge implications for not only the future of nuclear power but also for climate change. On today's episode of our environmental podcast, Parts Per Billion, we hear from Bloomberg Law reporter Daniel Moore about the Biden administration's attempts to find a new source of uranium for the country's nuclear reactors and about whether a decline in nuclear power would mean a rise in fossil fuels. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.

The Supreme Court heard oral argument in West Virginia v. EPA on Monday, a case that could result in the narrowing of the agency's authority to regulate greenhouse gas emissions. But, to some surprise, a few of the court's conservative justices posed tough questions to the attorney arguing against the EPA, which may indicate they're open to siding with the agency in this case. On today's episode of Parts Per Billion, our weekly environmental podcast, we're joined by Bloomberg Law's Jennifer Hijazi to break down what happened at the high court on Monday. Jennifer explains why, even if the court doesn't end up siding with the EPA, the agency has likely avoided the potential worst-case scenario some had feared going into the argument. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.

Electric vehicles, or EVs, represent one of the most promising climate change solutions. But is America ready? To get the country ready, President Biden and Democrats in Congress gave states more than $7 billion to install electric vehicle charging stations across the country. But, as Bloomberg Government’s Lillianna Byington found, an Eisenhower-era law means these charging stations can’t be built on highways, as many EV advocates had hoped. On today’s episode of our Parts Per Billion podcast, Lillianna explains why road-tripping EV drivers will have to get off of the highway to charge up. She also talks about some of the other obstacles EVs must overcome before overtaking their gas-powered predecessors. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.

The Supreme Court said 15 years ago that the EPA has not only the authority but also the obligation to regulate greenhouse gasses. Now, in a case coming before the court later this month, that landmark ruling may get overturned. On today's episode of Parts Per Billion, our weekly environmental podcast, Bloomberg Law's Jennifer Hijazi explains the stakes of West Virginia v. EPA, which the Supreme Court is scheduled to hear Feb. 28. She talks about the circuitous route the case took to get to the highest court in the land, and how it may end up overturning, or at least gutting, the famous Massachusetts v. EPA opinion from 2007. Do you have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.

Last year's infrastructure bill made a landmark $15 billion investment in lead pipe removal, and even more funding may be on the way to get this toxic metal out of the country's drinking water system. But, according to two Bloomberg Law reporters, this money may be much slower than expected in getting to the communities that need it. On today's episode of Parts Per Billion, our weekly environmental podcast, Bobby Magill and Paige Smith explain why Congress' funding allocation is a pivotal—but definitely not final—moment in the EPA's war on lead. For one, drinking water systems don't have a comprehensive inventory of where lead is still in use. And for another, it's far from clear whether the country has enough plumbers and pipefitters to actually achieve the goal of total lead pipe eradication. Have feedback on this episode of Parts Per Billion? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com See omnystudio.com/listener for privacy information.