The Securities and Exchange Commission (SEC) on Friday proposed to rescind a Biden rule that required publicly-listed companies to disclose alleged climate risks.
“SEC disclosure obligations should comply with the Commission’s statutory authority, be guided by materiality as the North Star, avoid the practical effect of dictating corporate behavior, and be imposed only when the expected benefits justify the likely costs and burdens,” SEC Chairman Paul Atkins said in a statement.
The Commission in 2024 mandated the disclosure of highly specific information from nearly all public companies about climate-related matters such as greenhouse gas…
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