"SEC Temporarily Pauses Climate Disclosure Rule Amid Legal Challenges"

The Securities and Exchange Commission (SEC) has temporarily suspended its rule requiring private companies to disclose carbon emissions data after facing multiple lawsuits, including from 25 GOP attorneys general and various business groups. The rule, part of the Biden administration's climate agenda, was criticized for its potential financial impact on businesses. The SEC's decision to suspend the rule comes as litigation continues, with opponents arguing that the mandate exceeds the SEC's authority and would impose significant costs on businesses.