US SEC will not defend climate rule in court
By Isla Binnie, Virginia Furness and Jonathan Stempel NEW YORK/LONDON (Reuters) -The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and environment.
S.E.C. Moves to Kill Climate Disclosure Rule
The acting chair, Mark Uyeda, is directing the Securities and Exchange Commission to pause its legal defense of a rule requiring companies to make climate disclosures.
SEC acting chair asks court to delay arguments in climate disclosure rule case
Securities and Exchange Commission acting Chair Mark Uyeda does not support the agency’s public company climate disclosure rule and has asked staff to notify the federal court assigned to hear a consolidated legal challenge against the rule to delay scheduling the case for arguments.
SEC backs away from climate disclosure rule
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Acting SEC leader pausing litigation over climate disclosure rule
The acting chairman of the US Securities and Exchange Commission (SEC) is asking a federal court to pause litigation against its climate disclosure rule, saying the agency does not have authority to enforce the regulation and that changes in federal administration render the rule effectively moot.
SEC Hits Pause on Defense of Climate Disclosure Rule
Acting Chair Mark Uyeda said he has directed staff to ask that an appeals court delay arguments while commissioners deliberate on next steps.
SEC announces it will not defend climate disclosure rule
The Securities and Exchange Commission (SEC) announced Tuesday that it will not defend a year-old rule requiring publicly-held companies to disclose climate-related risks and in some cases the details of their emissions.
SEC Appears Poised to Abandon Defense of Climate Disclosure Rules
An announcement by acting Chairman Mark Uyeda follows a move to relax reporting requirements, continuing a broad deregulatory push in the new administration.
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