Tag: Climate

Oil Companies Challenge SEC’s Climate Rules in Fifth Circuit

Oil and gas industry groups on Monday sued to stop the SEC’s climate reporting regulations in the Fifth Circuit, giving the conservative-leaning court another challenge to the rules. The petition seeking a review of the regulations—filed by the Texas Alliance of Energy Producers and the Domestic Energy Producers Alliance—is one of at least three against the Securities and Exchange Commission…

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SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors

The Securities and Exchange Commission today adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules reflect the Commission’s efforts to respond to investors’ demand for more consistent, comparable, and reliable information about the financial effects of climate-related risks on a registrant’s operations and how it manages those risks while balancing concerns…

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California Climate Reporting Suit Foreshadows SEC Legal Battle

The SEC has seen the clearest preview yet of the looming court fight over its pending climate disclosure plans: a lawsuit from business advocates and farmers seeking to kill California’s emissions reporting law. The US Chamber of Commerce, American Farm Bureau Federation and other business and agricultural groups on Tuesday sued to stop California’s first-in-the-nation law directing companies operating in…

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SEC Presses Companies on Climate Risk With New Rules on Horizon

Securities and Exchange Commission staff who regularly review corporate filings have sent climate-related queries to more than a dozen large companies over the past three months, according to a Bloomberg Tax review of securities filings. The regulator has pressed businesses such as Estée Lauder Companies Inc., Oracle Corp., Eli Lilly & Co., and others to divulge why their annual financial…

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SEC’s Ambitious Climate Agenda Stalls as US Elections Raise Stakes in New Year – Bloomberg

The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous. Less than a year before a US presidential election that could scuttle the regulator’s environmental, social and governance efforts, the SEC has yet to finish a mandate for public companies to disclose their environmental footprints. In addition, the agency’s specialized ESG…

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SEC Mulls Climate Rule Tweaks to Avoid Regulating Private Firms

The SEC is weighing how to ensure public companies’ suppliers aren’t overly burdened by the agency’s pending climate disclosure rules, agency Chair Gary Gensler said Thursday. Securities and Exchange Commission staff are looking to see how they can ensure “that we don’t indirectly sort of do what we can’t do directly—we don’t regulate non-public companies,” Gensler said during a US…

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