SEC Scraps Climate Rules

The Securities and Exchange Commission has proposed rescinding a 2024 rule that required public companies to disclose their carbon emissions and climate-related risks.

The commission, now led by Republican appointees, argued the requirements represented a dramatic overreach of statutory authority.

Chairman Paul Atkins stated that the disclosure regulation was growth-strangling and burdensome for American businesses.

Environmental groups and some investor coalitions have condemned the move, arguing it reduces transparency and ignores the financial reality of global warming.

The proposal marks a significant reversal of Biden-era environmental policies.