SEC Accused of Bending to Industry Pressure by Omitting Key Measure in New Climate Rule

The U.S. Securities and Exchange Commission released a climate disclosure rule on Wednesday that will require public companies to report their greenhouse gas emissions and climate risks, but the new rule does not include requirements for companies to report emissions related to their supply chains.The SEC seemingly bent to big business interests after many major companies pressured the commission to omit the supply chain aspect of the rule.

co/HjO4d1XyZu— Ed Markey March 6, 2024 Charles Slidders, a senior attorney at the Center for International Environmental Law, criticized the weakened rule in a statement.'The SEC's decision to bow to industry pressure against comprehensive climate disclosure requirements is a disservice to both the planet and investors,' Slidders said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden EPA Exempts Gas-Fired Power Plants From New RegulationsEnvironmental activists accused the administration of caving to fossil fuel industry pressure.
Source: truthout - 🏆 69. / 68 Read more »

OpenAI and CEO Sam Altman Under Investigation by SECOpenAI and its CEO, Sam Altman, are being investigated by the SEC regarding statements made to investors. The SEC is examining emails to determine if investors were misled. The company's board accused Altman of lacking transparency but later reinstated him. The SEC is also questioning OpenAI's communication practices.
Source: futurism - 🏆 85. / 68 Read more »