Ex-SEC Chair Calls on Congress to Lead Climate Policymaking

Climate change policymaking matters are best left to Congress rather than the SEC, former agency Chairman Jay Clayton said Tuesday during a US Chamber of Commerce event.

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Lawmakers abdicated responsibility by asking the SEC to tackle climate issues, said Clayton, who served during the Trump administration. Sen. Elizabeth Warren of Massachusetts and other Democrats had urged the SEC to require companies to disclose their risk from climate change before the agency issued its rules in March, saying the regulator has the power to act.

“Stay in your lane,” Clayton said, referring to the SEC. “Congress should do its job.”

Source: Ex-SEC Chair Calls on Congress to Lead Climate Policymaking