SEC Officials Stress Climate Disclosure Proposal Is Well Within Mandate

The chairman of the Securities and Exchange Commission (SEC) is doubling down on his message that the agency’s proposed requirements for public companies to disclose certain climate-related information falls squarely within its mandate, despite expected legal challenges arguing the rule oversteps SEC authority and is overly burdensome. “In making decisions about disclosure requirements under the federal securities laws -- including decisions about the proposed climate-related disclosures -- I am guided by our three-part mission: to protect investors, maintain fair, orderly,...