SEC Votes to End Defense of Climate Disclosure Rules

The U.S. Securities and Exchange Commission (SEC) has officially ceased defending its climate risk and emissions disclosure rules, a move that effectively halts enforcement and leaves the regulations vulnerable to legal challenges.

Key Developments:

• Regulatory Shift: Acting SEC Chairman Mark Uyeda described the rules as “costly and unnecessarily intrusive,” signaling a major policy reversal.
• Investor Opposition: Asset managers overseeing more than $50 trillion in investments have strongly opposed the decision, emphasizing the continued need for transparency in climate risk reporting.
• Legal Implications: With the SEC stepping back, courts now have the potential to strike down the regulations without requiring formal SEC action.

The decision marks a pivotal moment in U.S. financial regulation, with significant implications for corporate climate reporting, investor confidence, and the broader sustainability agenda.

To find out more details please visit : https://www.sec.gov/