8legs: Paul atkins

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#1 out of 2

Trump ally SEC chair moves to repeal Biden-era climate disclosure rule for US firms.
Atkins argues the disclosure rules impose burdens and exceed authority.
Regulatory push aligns with Trump administration’s deregulation agenda.
Rule would have required reporting on climate risks and emissions if kept.
California already enforces its own climate disclosure law.
SEC remains independent of the White House while weighing public comments.
Policy repeal could be formalized within the next year.
The rule aimed to track emissions from customers and suppliers originally.
The climate rule was part of ESG-focused investment considerations.

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#2 out of 2

The SEC proposed repealing the 2024 climate-disclosure rule, citing costs and lack of statutory authority.
The rule required some public companies to report greenhouse gas emissions and climate risks, finalized in 2024.
Environmental groups said the repeal could leave investors without data needed to assess climate-related financial risks.
The agency noted that enforcement pause followed legal challenges by business groups and Republican attorneys general.
SEC Chair Paul Atkins defended the move, emphasizing costs and benefits for investors.
The proposed repeal is part of a broader rollback of climate regulations cited by supporters of deregulation.
The ruling follows similar regulatory climates in other countries and states with their own disclosure rules.
A public comment period will remain open for 60 days after Federal Register publication.
The Associated Press reported on the SEC's move and noted investor protections emphasized by critics and supporters.
The rule sought to align U.S. disclosures with climate risk reporting standards used by other regions.

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