Executive Order on Forests, Communities and the Local Economy Opening of the comment period – Corporate Governance

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The Department of State (“State Department”) recently
announcement that it seeks public comment regarding the Biden-Harris administration’s executive order on strengthening the nation’s forests, communities, and local economies (EO 14072) through December 2, 2022. The OE directs the Department of State, in consultation with other agencies, to produce a report by April 22, 2023 that recommends methods to address international deforestation. While general feedback is welcome, the Department of State has provided a list of questions to guide company responses available through the Federal RegisterPublic notice of (87 EN 63142). Companies involved in the timber and agriculture industries or related supply chains are especially invited to submit comments.

The public comments and subsequent State Department report will be used to inform the Biden-Harris administration’s policies on forest conservation. of President Biden Planning to conserve the world’s forests: critical carbon sinks set goals to halt the loss of natural forests, restore at least 200 million additional hectares of vital ecosystems, and introduce new business models that support critical global ecosystem services by 2030. These goals highlight how greenhouse gas emissions can be reduced by improving peatlands and forest ecosystems in the Amazon, Congo Basin and Southeast Asia and using the Lacey Act (16 USC 3371-3378) to combat illegal logging and the trade in illegal timber. With these goals in mind, the Department of State requests comments in these key areas:

Companies interested in providing feedback to the Biden-Harris administration should send their feedback as a PDF or Word attachment in an email to DeforestationRFI@state.gov by December 2, 2022. Akin Gump frequently advises clients on preparing comments and welcomes the opportunity to help companies in affected industries write their comments for the State Department and, ultimately, the administration.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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