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SEC Proposes Repealing 2024 Climate Disclosure Rule, Investor Data Concerns

5/30/2026

Summary

Story summary

The SEC proposed repealing the 2024 climate-disclosure rule that required companies to report emissions and climate risks.
SEC Chairman Paul Atkins, one of three Republican members, said the rule exceeds the agency’s authority because its costs outweigh benefits.
Environmental groups say the repeal will leave investors without data to assess climate-related financial risks.
A 60-day comment period will open after the proposal is published in the Federal Register within days.

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Story summary

The SEC proposed repealing the 2024 climate-disclosure rule that required companies to report emissions and climate risks.
SEC Chairman Paul Atkins, one of three Republican members, said the rule exceeds the agency’s authority because its costs outweigh benefits.
Environmental groups say the repeal will leave investors without data to assess climate-related financial risks.
A 60-day comment period will open after the proposal is published in the Federal Register within days.