Story perspectives

SEC Chair Pushes Climate Rule Repeal, Investors Resist

6/29/2026

Summary

Story summary

SEC Chair Paul Atkins proposed on May 29 to rescind the climate-risk disclosure rule.
Investors CalPERS, Wellington Management and Better Markets warned the repeal would limit information.
The SEC said the rule imposed unjustified costs and kept the comment period open until Aug. 3.
A Missouri appeals court is hearing challenges that could block the rule.
Carbon Disclosure Project (CDP) reports up to 80 percent of S&P 500 firms already disclose climate data voluntarily.

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Story summary

SEC Chair Paul Atkins proposed on May 29 to rescind the climate-risk disclosure rule.
Investors CalPERS, Wellington Management and Better Markets warned the repeal would limit information.
The SEC said the rule imposed unjustified costs and kept the comment period open until Aug. 3.
A Missouri appeals court is hearing challenges that could block the rule.
Carbon Disclosure Project (CDP) reports up to 80 percent of S&P 500 firms already disclose climate data voluntarily.