SEC to Vote on Controversial Climate Risk Disclosure Rule Amid Opposition from Republicans and Business Groups

The Securities and Exchange Commission (SEC) is set to vote on a rule that would require public companies to disclose information about climate risks, plans and planet-warming emissions. The rule, which was initially hailed as a significant step forward in climate policy, has been met with resistance from Republicans and business groups, who argue it would be unworkable for companies and is outside the agency’s authority. The SEC is also likely to weaken a measure that would have required companies to report the emissions resulting from their operations and energy usage, which could result in a larger pullback than proponents expected. Critics argue that the rule could lead to private companies being asked to cough up emissions.