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Business Risks

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climate1 year ago

SEC Finalizes Weakened Climate Disclosure Rule

The Securities and Exchange Commission approved new, weaker rules on disclosing climate risks and greenhouse gas emissions for public companies, with fewer demands on businesses than the original proposal, which faced opposition from the G.O.P., fossil fuel producers, and others. The new rules give companies greater leeway in reporting emissions, exempt thousands of smaller businesses, and no longer require disclosure of emissions along a company's "value chain," but still mandate disclosure of significant climate-related risks.