"Regulatory Confusion Ahead: SEC Abandons Climate Disclosure Rule as States and EU Forge Ahead with Competing Standards"
Washington, D.C. – A significant shift in the regulatory landscape concerning climate disclosure is emerging as the Securities and Exchange Commission (SEC) withdraws its support for a controversial rule established in March 2024. This departure has left companies grappling with an inconsistent array of state and international mandates, creating uncertainty in compliance efforts due to the absence of coherent national standards. Initially, the SEC’s Climate Disclosure Rule required publicly traded companies to report greenhouse gas emissions and disclose material risks related to climate change. However, the rule faced immediate legal challenges, notably from Liberty Energy, … Read more