SEC moves to repeal rule that companies report greenhouse emissions,climate risk
6 hours ago
- #climate disclosure
- #SEC regulation
- #financial transparency
- SEC proposes repealing a 2024 rule requiring public companies to report greenhouse gas emissions and climate risks.
- The move is part of a broader rollback of climate regulations during President Trump's second term, including actions by EPA.
- Republicans argue the rule exceeds SEC authority, imposes unjustified costs, and could dictate corporate behavior.
- Environmental groups warn that repeal deprives investors of data needed to assess climate-related financial risks.
- The rule had been on hold amid legal challenges and was initially approved in March 2024 on a party-line vote.