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Homebuyers Worry About Flood Risk. These States Are Requiring Disclosure.

"Hours into a marathon meeting earlier this month, and with little fanfare, the North Carolina Real Estate Commission gave its blessing to a proposal that could have profound impacts in a state where thousands of homes face threats from rising seas, unprecedented rainfall and overflowing rivers. Soon, anyone who sells a home in the state will be required to disclose to prospective buyers far more about a property’s flood risks — and flood history."

Source: Washington Post, 01/02/2024

US Engine Maker Will Pay $1.6 Billion to Settle Claims of Emissions Cheating

"The United States and the state of California have reached an agreement in principle with the truck engine manufacturer Cummins on a $1.6 billion penalty to settle claims that the company violated the Clean Air Act by installing devices to defeat emissions controls on hundreds of thousands of engines, the Justice Department announced on Friday."

Source: NYTimes, 01/02/2024

"Biden Admin Unveils Tax Rules For ‘Clean’ Hydrogen"

"The Treasury Department released heavily anticipated tax guidance Friday that would force companies to use low-carbon or zero-emissions energy to power the hydrogen production process — a move designed to keep emissions in check for the emerging industry."

Source: E&E News, 01/02/2024

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