Republicans Step Up Warnings Over Financial Regulators’ Climate Efforts

State and congressional Republicans are stepping up their scrutiny of federal financial regulators’ efforts to require public corporations to disclose their climate risks, warning that officials should not use enforcement actions as a “backdoor” for new regulations and that any future disclosure rules would violate the First Amendment. While the criticisms are mostly directed at the Securities and Exchange Commission (SEC), whose acting chairman has announced most of the major early actions in the Biden era on climate disclosure, Republicans...