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SEC ends defense of climate reporting rules (2025)
| Environmental, social, and corporate governance |
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The Securities and Exchange Commission (SEC) announced last week that it voted to end its defense of the Biden-era corporate emissions reporting rules.
The decision indicates the majority of current SEC commissioners do not support the implementation of the rules. Acting SEC Chair Mark Uyeda said the commission wanted to end its “defense of the costly and unnecessarily intrusive climate change disclosure rules.”
The commission previously prioritized the emissions disclosure requirements under President Biden and former Chairman Gary Gensler.
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The move, which further differentiates the agency from its Biden-era approach, comes as little surprise. Experts previously told ESG Dive that the SEC did not appear inclined to defend the rule, after Acting SEC Chair Mark Uyeda asked the Eighth Circuit to delay arguments last month. In his Feb. 11 statement, Uyeda said he “continue[s] to question the statutory authority of the Commission to adopt the Rule, the need for the Rule, and the evaluation of costs and benefits.” … The agency’s acting chair said Thursday’s actions represent the SEC looking to cease its involvement “in the defense of the costly and unnecessarily intrusive climate change disclosure rules.”[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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