In a move that has sparked intense debate, the Securities and Exchange Commission (SEC) has proposed rescinding a landmark climate disclosure rule set to take effect in 2024. The rule, which was announced earlier this year, would have required publicly traded companies to provide detailed information about their greenhouse gas emissions, climate-related risks, and sustainability efforts. The SEC's decision to reconsider the rule comes as the Biden administration faces growing pressure from lawmakers and corporate interests to ease regulations on businesses. Critics argue that the rule would have imposed unnecessary burdens on companies, while environmental advocates say it's a crucial step towards greater transparency and accountability in the fight against climate change.
{beacon} Energy & Environment Energy & Environment The Big Story SEC proposes to ax climate disclosure rule 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. © AP Photo/Julia Demaree Nikhinson The SEC, which...
