Federal Appeals Court Pauses SEC Climate Disclosure Rules Amid Legal Challenges

Federal appeals court paused SEC climate disclosure rules requiring companies to disclose carbon emissions

Rules were opposed by energy companies, states like Texas and Louisiana, and business groups who argue rules are overreach

SEC and Chairman Gary Gensler approved rules in 3-2 vote to provide investors more climate risk information

Republicans and business groups argued rules harm economy and capital markets, serving special interests rather than investors

Over a dozen states filed lawsuits challenging rules; environmental groups also sued arguing rules don't go far enough