The U.S. Securities and Exchange Commission (SEC) voted on March 27 to end legal support for rules requiring companies to disclose climate-related risks and greenhouse gas emissions—rules that the agency had sought to save during the Biden administration.
“The goal of today’s Commission action and notification to the court is to cease the Commission’s involvement in the defense of the costly and unnecessarily intrusive climate change disclosure rules,” SEC Acting Chairman Mark T. Uyeda said in a statement announcing the move.
