SEC Begins Process to Repeal Biden-Era Climate Disclosure Rules
By
Mark Segal
Summary
The U.S. Securities and Exchange Commission (SEC) has begun the process of rescinding climate disclosure rules introduced during the Biden administration, according to an OMB filing confirmed by an SEC spokesperson. The rules, which would have required public companies to report climate-related risks, greenhouse gas emissions, and transition plans, are being targeted for repeal under the current administration. The SEC spokesperson stated the agency is committed to ensuring its rules are consistent with its mission and statutory authority. This move represents a significant shift in U.S. climate-related financial regulation and has implications for corporate ESG reporting.
Source
bskySEC Begins Process to Repeal Biden-Era Climate Disclosure Rulesesgtoday.comKey quotes
· 2 pulledThe U.S. Securities and Exchange Commission (SEC) is beginning the process of rescinding the climate disclosure rules introduced by the Commission during the Biden administration, according to a filing submitted to the U.S. Office of Management and Budget, and confirmed by an SEC spokesperson in a statement provided to ESG Today.
In the statement, the spokesperson said the agency is committed to ensuring its rules are consistent with its mission and statutory authority.
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