SEC Moves to Repeal Biden Era Climate Disclosure Rule
The Securities and Exchange Commission proposed removing regulations that require companies to disclose climate risks and spending. SEC Chair Paul Atkins stated the agency should only mandate disclosures material to investors while avoiding rules that dictate corporate behavior.
Xurve View
Xurve View
The United States Securities and Exchange Commission (SEC) proposed scrapping 2024 regulations requiring public companies to disclose climate-related risks and spending. The rule, adopted under the Biden administration, faced legal delays and never took effect before this policy reversal. Investors lose a standardized framework for measuring climate-driven financial exposure as the agency shifts toward a narrower materiality standard.
