Story perspectives

SEC Abruptly Reverses Climate Disclosure Rule Amid Legal Battles

3/28/2025

45 9

Summary

Story summary

The U.S. Securities and Exchange Commission (SEC) has abruptly abandoned its climate disclosure rule, which mandated companies to reveal their greenhouse gas emissions and climate risks. Acting Chair Mark Uyeda criticized the rule as "costly and unnecessarily intrusive," marking a dramatic retreat from Biden's climate initiatives amid ongoing legal battles from several states.

History

Historical Context

The SEC's withdrawal of its climate disclosure rule reflects a broader trend of regulatory rollback seen since the Trump administration, which prioritized business interests over environmental regulations. This shift echoes past conflicts over climate policy, notably during the Obama administration, which faced significant pushback on its climate initiatives from Republican lawmakers and industry groups, highlighting the ongoing political divide over climate action.

1 of 2

Story summary

The U.S. Securities and Exchange Commission (SEC) has abruptly abandoned its climate disclosure rule, which mandated companies to reveal their greenhouse gas emissions and climate risks. Acting Chair Mark Uyeda criticized the rule as "costly and unnecessarily intrusive," marking a dramatic retreat from Biden's climate initiatives amid ongoing legal battles from several states.

1 / 2