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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
In Texas, Pennsylvania, and other areas with significant oil and gas activity, nuisance law has long been an amorphous, catch-all cause of action, cloaked in “mystery” and at times even referred to as “a sort of legal garbage can.”
Energy companies increasingly have been the target of nuisance suits alleging that drilling operations were a nuisance to nearby residents, leaving some companies exposed to millions of dollars in damages for property damage, including “loss of use and enjoyment” of the property and even more-difficult-to-quantify damages for annoyance, inconvenience, and discomfort.
On June 24, 2016, the Texas Supreme Court attempted to clarify private nuisance law in Crosstex North Texas Pipeline, L.P. n/k/a Enlink North Texas Pipeline LP v. Gardiner. Importantly, the Court in Crosstex held that private nuisance is neither a cause of action nor a description of a defendant’s conduct; rather, it is a legal injury related to the plaintiff’s use and enjoyment of property.
Additionally, the court clarified that:
But while Crosstex is perhaps the Texas Supreme Court’s most comprehensive discussion of private nuisance to date, it does not answer every question—nor could it—and it is not binding on courts outside of the state.
Among other open issues, the level of tortious conduct required of defendants (e.g., whether strict liability nuisance is available), the degree of causation evidence required, and the availability of damages for “annoyance and discomfiture” in certain jurisdictions all remain unclear.
Download the Whitepaper: Nuisance cases against energy companies in Texas Pennsylvania and other areas with significant or developing oil and gas exploration
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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The proliferation of internet-enabled devices has allowed children to access the internet at an increasingly younger age, often sharing their personal data without fully appreciating the risks and consequences of doing so. Accordingly, organisations that collect children’s personal data online have a shared responsibility to ensure that such personal data is collected with the appropriate consent obtained and is adequately protected, and to allow children to safely participate in the online space.
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