US EditionSEC votes to stop defending climate disclosure rule
- The SEC voted to stop defending its climate disclosure rule in court, which aimed to give investors information about climate risk and associated costs.
- The decision was denounced by Democratic commissioner Caroline Crenshaw, who said the agency is 'rooting for the demise of this rule, while they eat popcorn on the sidelines.'
- Republican lawmakers called the rule 'a gross overreach of the SEC's statutory authority' and welcomed the decision to cease defending it in court.
24 Articles
24 Articles
US SEC Votes to Stop Defending Climate Disclosure Rules
US SEC votes to stop defending climate disclosure rules
Wall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups.
SEC Votes to Withdraw Legal Defense of Climate-Disclosure Rules
The U.S. Securities and Exchange Commission (SEC) voted on March 27 to end legal support for rules requiring companies to disclose climate-related risks and greenhouse gas emissions—rules that the agency had sought to save during the Biden administration. “The goal of today’s Commission action and notification to the court is to cease the Commission’s involvement in the defense of the costly and unnecessarily intrusive climate change disclosure …
SEC votes to stop defending climate disclosure rule
The Securities and Exchange Commission (SEC) voted to stop defending a rule that required some companies to disclose their planet-warming emissions and how climate change would impact their business. The Republican-majority commission’s Thursday decision is not a surprise, as it had previously said it would pause its defense of the rule. However, the formal vote…
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