Sparring Over SEC Climate Risk Reporting Rule Previews Legal Arguments

March 6, 2024
Top Securities and Exchange Commission (SEC) officials, environmentalists and states are sparring over the commission’s just-finalized climate-related disclosure requirements for public companies, outlining a flurry of arguments they’re expected to raise in high-stakes litigation over the landmark measure. At a March 6 meeting, the commission voted 3-2 along party lines to approve the scaled-back disclosure requirements , which were first proposed in March 2022. During the meeting, Democratic commissioners argued that the rule falls well within the agency’s authority and...

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