Posted 3/14/2024, 12:22:00 AM
Sierra Club Sues SEC Over Weak New Climate Risk Disclosure Rule
- Environmental group Sierra Club sues SEC over new climate risk disclosure rule
- Sierra Club argues rule doesn't require companies to fully disclose climate risks to investors
- Several states have also sued to block the rule, arguing it imposes unnecessary costs on businesses
- Sierra Club says rule falls short by allowing companies to selectively report emissions
- Sierra Club calls on SEC to "fulfill its obligation to protect investors" with strengthened disclosures
