The U.S. Securities and Exchange Commission has paused the implementation of its new climate disclosure rule while it defends the regulation in court. The rule requires some public companies in the U.S.
to report their greenhouse gas emissions and climate risks. The SEC stayed the rule to avoid regulatory uncertainty for companies involved in the litigation. The rule is currently under review in the U.S. Court of Appeals for the Eighth Circuit.
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The SEC’s new climate disclosure rule already faces legal challengesThe SEC’s controversial new rule on climate change disclosures has upset Republicans and environmentalists alike.
Source: verge - 🏆 94. / 67 Read more »
Mounting Challenges for US SEC's Climate Disclosure RuleA landmark climate disclosure rule adopted by the US Securities and Exchange Commission (SEC) yesterday is already facing mounting legal and legislative challenges. Ten states filed suit yesterday shortly after the rule was finalized. Environmental advocates also say they’re considering challenging the rule. If implemented, the SEC’s new rule would force large, public companies to disclose risks they face due to climate change and share partial information about their greenhouse gas emissions.
Source: verge - 🏆 94. / 67 Read more »