Justine Calma
The SEC’s contested climate rule is on hold.
Just weeks after finalizing it, the SEC announced a stay on the landmark rule that would push big public companies to divulge financial risks they face from climate change and share data on their greenhouse gas emissions.
While trying to find middle ground, the SEC wound up pissing off industry groups opposing disclosures and environmental groups who said the rule didn’t create enough transparency for investors.
The SEC (in an emailed statement) says the “stay will facilitate the orderly judicial resolution of [legal] challenges and allow the court of appeals to focus on deciding the merits.”
