Posted 4/5/2024, 7:59:00 PM
SEC Pauses Climate Disclosure Rule After Facing Lawsuits Over Costly Mandate
- SEC temporarily suspended its rule requiring companies to disclose carbon emissions data after facing lawsuits
- Rule was met with litigation from 25 GOP attorneys general, energy companies, and business groups
- Groups said mandate is part of Biden's "radical green scheme" and would have cost businesses millions
- Iowa AG called it Biden's "most outrageous climate mandate for businesses yet"
- Rule would have required climate risk disclosures and plans to meet climate recommendations
