"Legal Battles and Business Impact: SEC's Climate Rule in Limbo"

The SEC's climate disclosure rule, which would require publicly traded firms to disclose climate-related risks, has faced legal challenges and backlash due to concerns about increased compliance costs, potential business consolidation, and regulatory overreach. Critics argue that the rule may burden smaller companies, duplicate existing regulatory efforts, and exceed the SEC's statutory authority. There are calls for congressional intervention to prevent excessive regulatory burdens and ensure agencies operate within their intended scope.