SEC Accepts Pause on Its Climate Rule – WSJ

The Securities and Exchange Commission said Thursday it would pause the implementation of its new climate disclosure rule while it fights in court over the measure’s legality.

The SEC will stay the rule, in part to avoid regulatory uncertainty as litigation proceeds, the agency said in a filing with the U.S. Court of Appeals for the Eighth Circuit.

An appeals court last month ordered a temporary stay blocking the rule’s enforcement, though the SEC could have fought that stay.

Source: SEC Accepts Pause on Its Climate Rule – WSJ