"SEC's Vote on Climate Disclosure Rule and Its Impact on Investors"

The U.S. Securities and Exchange Commission (SEC) is set to vote on March 6 on whether to implement rules requiring U.S.-listed companies to disclose climate-related risks, including greenhouse gas emissions and transition spending. The proposed regulations, part of President Biden's climate change agenda, have faced pushback from companies and Republican officials, leading to potential legal challenges. The SEC has made adjustments to the initial proposal, including dropping the requirement for supply chain emissions disclosure and softening requirements for direct emissions reporting. If adopted, the rules could represent a significant overhaul of U.S. disclosure requirements and a key legacy for SEC Chair Gary Gensler.