
Climate change policy might be due for a change itself.
Seventeen state financial officers have signed on to a letter urging the Securities and Exchange Commission to scrap Biden-era climate-related disclosure rules. The rules would require publicly traded companies to undertake costly environmental reviews to report their greenhouse gas emissions and other climate change metrics.
‘Americans want the SEC focused on protecting markets and investors, not turning our capital markets into a vehicle for climate activism.’
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Responsible for managing billions of public dollars, the signatories argue that climate disclosure standards are an “unlawful expansion of the administrative state” poised to hamper private sector economic growth. Those standards are also referred to as the “Final Rules.”
“As stewards of public pension and treasury assets, we are acutely sensitive
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