SEC moves to scrap Biden-era rule on climate risk disclosures
The SEC is proposing to rescind the climate risk disclosure rules established under the Biden administration. This marks a significant shift in the agency's approach to environmental, social, and governance (ESG) regulations. The original rules, which aimed to standardize corporate climate risk reporting, faced legal challenges and never took effect.
- ▪The SEC submitted a proposed rulemaking to rescind the climate-related disclosure rules adopted in March 2024.
- ▪The original rules required public companies to disclose climate-related risks and their financial impacts but were challenged in court shortly after adoption.
- ▪Under Chair Paul Atkins, the SEC is shifting focus back to disclosures that are deemed material to investors.
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SEC moves to scrap Biden-era rule on climate risk disclosures The agency's proposed rescission of its 2024 climate reporting mandate marks a sharp U-turn on ESG regulation under Chair Paul Atkins. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The SEC wants to kill the climate disclosure rules it adopted just two years ago.
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