"SEC Temporarily Pauses Climate Disclosure Rule Amid Legal Challenges"
TL;DR
The Securities and Exchange Commission (SEC) has temporarily suspended its rule requiring private companies to disclose carbon emissions data after facing multiple lawsuits, including from 25 GOP attorneys general and various business groups. The rule, part of the Biden administration's climate agenda, was criticized for its potential financial impact on businesses. The SEC's decision to suspend the rule comes as litigation continues, with opponents arguing that the mandate exceeds the SEC's authority and would impose significant costs on businesses.
Topics:businessbusinessenvironment#biden-administration#business-regulations#businessenvironment#climate-disclosure#lawsuits#sec
- Biden admin temporarily drops 'outrageous climate mandate' amid flurry of lawsuits Fox News
- SEC pauses climate disclosure rule pending court challenge The Hill
- SEC Accepts Pause on Its Climate Rule The Wall Street Journal
- SEC pauses climate disclosure rule, cites litigation 'complexities' E&E News by POLITICO
- Amid legal challenges, SEC pauses its climate rule ABC News
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