The Supreme Court’s decision to curb the Environmental Protection Agency’s powers could provide legal ammunition for challenges to financial regulations envisioned by the Securities and Exchange Commission and other agencies.
The SEC is regarded by legal analysts as an obvious target for challenges employing the logic in the EPA case. The Wall Street regulator is drafting rules to require public companies to disclose climate risks and greenhouse-gas emissions. The ruling’s impact, moreover, could be wider-ranging, touching on initiatives from the Federal Trade Commission, the Consumer Financial Protection Bureau and other agencies, legal analysts said.
Source: Supreme Court Climate Ruling Adds Obstacles to SEC Policies – WSJ
