SEC moves to formally rescind corporate climate disclosure requirements
The proposal follows legal challenges and would end a rule that drew more than 24,000 public comments, the SEC said.
- On Friday, the Securities and Exchange Commission formally proposed rescinding its 2024 rule that would have required publicly traded companies to disclose climate-related risks and greenhouse gas emissions.
- The Republican-led Commission paused legal defense after President Donald Trump took office, describing the Biden-era regulations as "dramatic overreach" that would "impose substantial costs on public companies."
- SEC Chairman Paul Atkins said on Fox Business the agency should "stick to our knitting" and avoid "dictating corporate behavior," emphasizing that obligations must be guided by materiality as the "North Star."
- Sen. Ed Markey, a Massachusetts Democrat, criticized the move as "years of work by corporate polluters" to weaken investor protections, while the Clean Air Task Force urged retaining the rule for transparency.
- A 60-day public comment period will open following Federal Register publication, as the repeal joins broader deregulatory efforts by the Environmental Protection Agency under President Trump's administration.
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SEC Formally Proposes Rescinding Climate Disclosure Rule, Deepening Retreat From Investor Protection - CleanTechnica
Proposal would leave investors with less information about climate risks while advancing legal theory that could weaken corporate disclosure more broadly. Proposal would leave investors with less information about climate risks while advancing legal theory that could weaken corporate disclosure more broadly WASHINGTON, D.C. — The Securities and Exchange Commission today formally ... [continued] The post SEC Formally Proposes Rescinding Climate D…
Associated Press News
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SEC Proposes Rescinding Biden-Era Climate Disclosure Rules
The Securities and Exchange Commission (SEC) on Friday proposed to rescind a Biden rule that required publicly-listed companies to disclose alleged climate risks. The post SEC Proposes Rescinding Biden-Era Climate Disclosure Rules appeared first on Breitbart.
SEC moves to formally rescind corporate climate disclosure requirements
The Securities and Exchange Commission (SEC) formally proposed Friday to rescind its 2024 rule that would have required publicly traded companies to disclose certain information related to climate change. The SEC, which made up of three Republican commissioners and no Democrats, issued a statement outlining its plans to scrap the rule. The rule in question, which passed when…
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