SEC Forced to Halt Climate Reporting Mandate for Businesses

The SEC ( U.S. Securities and Exchange Commission ) put a stop to the implementation of its climate disclosure requirements for businesses as legal challenges to the regulations are afoot in a circuit court.
A contentious law that required publicly traded companies to report any threats to their businesses was finalized by the SEC in March. Some medium- and big businesses were required to disclose how much CO2 is emitted from their businesses by the SEC’s Last Rules. This led to some Republican states, businesses, and business teams filing lawsuits against the rules, asking for the SEC law to be stayed. The Fifth Circuit judge granted the law on March 15 to two energy companies, including Liberty Energy Inc. and Nomad Proppant Services LLC.

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