All articles tagged with #climate disclosure
Exxon is suing California over two 2023 climate laws, claiming they infringe on free speech by forcing the company to adopt specific emissions and risk reporting frameworks and disclose global emissions, which Exxon argues is misleading and overreaching. The lawsuit seeks to block enforcement of these laws, set to begin in 2026, amid ongoing legal challenges to similar regulations.
California's Air Resources Board (CARB) has released a list of over 4,000 companies required to report on climate-related risks and emissions under new laws, affecting most large U.S. companies, including many S&P 500 firms, with compliance deadlines starting in 2026.
President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner and critic of climate disclosure regulations, to lead the Securities and Exchange Commission. Atkins, known for his support of cryptocurrency and opposition to the SEC's climate-disclosure rule, is expected to roll back efforts promoting environmental, social, and governance (ESG) investing. Environmental groups have criticized the nomination, fearing it will undermine responsible investing and climate accountability. Atkins would replace Gary Gensler, who has been a proponent of the climate disclosure rule.
President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner and critic of climate disclosure regulations, to lead the Securities and Exchange Commission. Atkins, known for his support of cryptocurrency and opposition to the SEC's climate-disclosure rule, is expected to roll back efforts promoting environmental, social, and governance (ESG) investing. Environmental groups have criticized the nomination, fearing it will undermine responsible investing and climate accountability. Atkins would replace Gary Gensler, who has been a proponent of the climate disclosure rule.
President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner and critic of climate disclosure rules, to lead the SEC. Atkins opposes the SEC's climate-disclosure rule, which requires companies to report climate-related risks, arguing it burdens businesses. Environmental groups criticize his nomination, fearing it will undermine ESG investing efforts. Atkins, known for supporting cryptocurrency, would replace current SEC Chair Gary Gensler, who has been active in regulating the crypto industry and promoting climate disclosures.
President-elect Donald Trump has nominated Paul Atkins, a critic of the SEC's climate disclosure rule, to lead the Securities and Exchange Commission. Atkins, known for his support of cryptocurrency and opposition to ESG investing, has argued that the climate disclosure rule burdens companies and conflates investor demands with those of climate advocacy groups. Environmental advocates have criticized his selection, fearing it could undermine efforts to promote responsible investing. Atkins would replace Gary Gensler, who championed the climate disclosure rule under President Biden.
President-elect Donald Trump has nominated Paul Atkins, a critic of the SEC's climate disclosure rule, to lead the agency. Atkins, known for his support of cryptocurrency and opposition to ESG investing, is expected to roll back regulations requiring companies to disclose climate risks. Environmental groups have criticized the nomination, fearing it will undermine responsible investing efforts. The SEC's climate rule, paused amid legal challenges, was championed by outgoing SEC Chair Gary Gensler, who will step down on Inauguration Day.
President-elect Donald Trump's nominee for the SEC, Paul Atkins, opposes the agency's climate disclosure rule, which mandates companies to report climate-related risks. Atkins, a critic of the rule, argues it burdens businesses and is unnecessary, aligning with Republican opposition. Environmental advocates fear his appointment could undermine ESG investing efforts. Atkins, known for supporting cryptocurrency, would replace current SEC Chair Gary Gensler, who backed the climate rule and targeted the crypto industry.
President-elect Donald Trump has nominated Paul Atkins, a critic of the SEC's climate disclosure rule, to lead the Securities and Exchange Commission. Atkins, known for his support of cryptocurrency and opposition to ESG investing, has argued that the climate disclosure rule burdens companies and is unnecessary. Environmental groups have criticized his nomination, fearing it would undermine efforts to promote responsible investing. Atkins would replace Gary Gensler, who has been a proponent of the climate disclosure rule and is set to step down on Inauguration Day.
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.
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.
A federal appeals court has halted the Securities and Exchange Commission's (SEC) climate disclosure rule, which would require private companies to publicly disclose their carbon emissions and climate change risks. The ruling came in response to petitions from energy companies, states, and business groups, who argue that the rule represents government overreach and would harm the economy. The SEC's approval of the rule, under the leadership of Chairman Gary Gensler appointed by President Biden, has faced criticism from business groups and Republican lawmakers, leading to legal challenges and heated debates over the authority and impact of the rule on capital markets.
The U.S. Securities and Exchange Commission approved a rule requiring some public companies to report their greenhouse gas emissions and climate risks, but faced legal challenges and criticism for weakening the directive in response to corporate lobbying. The rule, passed 3-2, does not require reporting of some indirect emissions known as Scope 3 and reduces reporting requirements for other emissions. The decision has sparked legal challenges and criticism from both sides, with environmental groups advocating for more disclosure and companies arguing that quantifying such emissions would be difficult. The rule will affect publicly traded companies in the U.S. and foreign companies with business in the U.S., with the largest companies required to start reporting emissions for fiscal year 2026.
The Securities and Exchange Commission is set to issue a final rule requiring companies to enhance disclosures on climate risks in their annual filings, aiming to provide investors with more insight into the impact of climate change on publicly listed companies. The rule would likely require reporting on both short- and long-term physical and transition risks, as well as total greenhouse gas emissions. The transparency around climate risk is seen as crucial for investors to assess a company's value and stock price, especially for long-term investments, amid increasing climate-related challenges. However, the depth of greenhouse gas reporting, particularly Scope 3 emissions, remains contentious and may be subject to future rulemaking.
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.