Companies weigh in on proposed SEC climate disclosure rule

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The SEC moved closer to a final rule that would dramatically change what public companies tell shareholders about climate change — both the risks it poses to their operations and their own contributions to the problem.

FILE - A chemical fire burns at a facility during the aftermath of Hurricane Laura, Aug. 27, 2020, near Lake Charles, La. The Securities and Exchange Commission moved closer Friday, June 17, 2022, to a final rule that would dramatically change what public companies tell shareholders about climate change. Companies would also have to disclose risks related to the physical impact of storms, drought and higher temperatures brought on by global warming.

& Elkins focused on climate change risk management and environmental litigation. “It’s a lot more detailed than many other financial reporting requirements.” In a March statement, the U.S. Chamber of Commerce called the proposal overly prescriptive, saying that as written, the rule would “limit companies’ ability to provide information that shareholders and stakeholders find meaningful.”

Many public companies already release data on their emissions, as investor interest for such information has risen in recent years. The SEC issued voluntary guidance in 2010 for how companies can report information about climate change. In 2020, more than 90% of S “The SEC rule is a major cleanup action,” Mohin said. He previously worked in the Environmental Protection Agency and Senate on environmental policy.

 

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'Global warming' is deceitful rhetoric for fools to fall for. The earth's climate has been changing since the beginning of time. It is clear, to those who are awake & can see, that this is really about the heat of hell they've been planning to inflict upon us all. 🙏❤️🙏❤️🙏

Why don’t they just look out the window 🤣

Republicans have been fighting Govt action on climate change for 50 years. If we started 50 years ago, we could be off the oil/gas crack pipe by now.

Bad bad idea. Are there worldwide standards of measures?

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