All Energy & Utilities articles – Page 5
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Blog
CF Industries promotes CCO to general counsel
CF Industries Holdings announced the promotion of Vice President, Chief Compliance Officer and Assistant Secretary Michael McGrane to vice president, general counsel and secretary.
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Blog
Centrus Energy promotes director of compliance to acting GC, CCO
Nuclear power company Centrus Energy Corp. announced the promotion of Senior Assistant General Counsel and Director of Legal Affairs and Corporate Compliance Shahram Ghasemian to acting general counsel, chief compliance officer, and corporate secretary.
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PremiumCCO compensation survey: Big gains for energy, healthcare
Annual total compensation for chief compliance officers rose 10 percent in 2022, according to the latest compensation survey by executive search firm BarkerGilmore.
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PremiumKPMG survey finds CCOs gearing to add staff, increase tech spend
A new KPMG survey of chief compliance officers at Fortune 500 companies found nearly three out of every four expect to enhance their compliance functions in response to pressure from regulators and their own boards.
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News Brief
Evoqua Water Technologies to pay $8.5M for alleged revenue inflation
Evoqua Water Technologies Corp. agreed to pay $8.5 million to resolve charges the actions of a former company finance director led the firm to misstate its revenue in filings with the Securities and Exchange Commission.
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News BriefEnergy broker Coquest fined by CFTC in block trade manipulation case
Energy broker Coquest, its owners, and trading affiliates agreed to pay a total of nearly $3 million to resolve allegations from the Commodity Futures Trading Commission the firm failed in its oversight responsibilities regarding more than 2,000 trades made against its customers.
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Blog
GE Vernova recruits general counsel from Starbucks
GE Vernova announced the appointment of Rachel Gonzalez as general counsel.
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News BriefItalian DPA fines Edison Energia $5.2M over GDPR lapses
The Italian data protection authority penalized electric utility company Edison Energia for multiple alleged violations of the General Data Protection Regulation regarding marketing communications and data processing transparency.
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Blog
American Water Works names chief DEI officer
American Water Works Company announced the appointment of Lori Sutton as chief diversity, equity, and inclusion officer.
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Blog
Altus Power adds sustainability to chief legal officer’s role
Solar facilities developer Altus Power announced Chief Legal Officer Sophia Lee will be adding sustainability to her responsibilities.
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Blog
Libra Group names first chief risk, compliance officer
Libra Group, an international conglomerate, announced the appointment of Richard Blaksley as its first chief risk and compliance officer.
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Article
PosiGen appoints chief compliance and policy officer
Renewable energy company PosiGen announced the appointment of Steven Burt as chief compliance and policy officer.
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ArticleGlencore Energy’s $324M fine for bribery comes with warning to others
Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.
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ArticleRSM to pay $3.75M to settle improper conduct charges
Audit firm RSM and three of its senior-level employees were charged with improper professional conduct by the SEC for signing off on inflated revenues logged by public company Revolution Lighting Technology over four fiscal years of audits.
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ArticleTaronis Fuels to pay $5.1M in SEC fraud settlement
Industrial gas and water products manufacturer Taronis Fuels agreed to pay $5.1 million to settle fraud charges levied by the Securities and Exchange Commission.
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Article
Vistra adds chief strategy and sustainability officer
Texas-based power generation and electricity company Vistra announced the appointment of Stacey Doré as chief strategy and sustainability officer.
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ArticleFinCEN/BIS alert flags Russia export control evasion indicators
The Financial Crimes Enforcement Network and Bureau of Industry and Security warned financial institutions to be on the lookout for new and novel ways individuals and entities in Russia and Belarus are attempting to evade export controls.
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ArticleCost of business? EU energy firms weigh bypassing Russian sanctions to secure gas
Russia’s squeeze on European energy companies to pay for gas in rubles might be about to pay off as some of the continent’s largest suppliers appear to be working out sanctions-compliant solutions to secure gas flows.
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ArticleEU industries put to test as Russian invasion of Ukraine persists
Less than two months since Russia invaded Ukraine, a range of industries across Europe have issued stark warnings about supply chain shortages, production shutdowns, and price hikes. The worst may still be yet to come, particularly in Germany.
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ArticlePG&E avoids criminal charges in $55M settlement over 2 wildfires
Pacific Gas & Electric avoided criminal charges in agreeing to pay more than $55 million in civil contributions and penalties as part of a settlement in California regarding the utility company’s alleged role in the 2019 Kincade Fire and 2021 Dixie Fire.