House Democrats tell SEC to greenlight climate rule, end 'continued delay' over politics
A March 2022 proposal from the SEC would force publicly traded businesses to report to investors their carbon footprint and monetary risks posed by climate change, a controversial idea that’s received immense scrutiny from Republicans as being overly broad and expensive.
An SEC spokesperson declined to comment, telling The Washington Times that “Chair Gensler will respond to members of Congress directly, rather than through the media.” “As climate-related risks continue to grow, investors urgently need access to decision-useful information regarding risks and opportunities that will likely have a material impact on registrants’ business, operations, or financial condition,” the House Democrats said.
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