Australian Regulatory Update – 2 November 2022
By Jim Bulling and Anabelle Weinberg
1. ASIC takes its first ‘greenwashing’ action
ASIC has taken its first ‘greenwashing’ action against Tlou Energy Limited (Tlou). Tlou has paid a total of $53,280 to comply with four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related statements. Tlou have not admitted guilt.
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