States File Lawsuits Against SEC for Climate Risk Disclosure Mandates
Legal Battle Over SEC Climate Disclosure Rule
Nine states, led by Iowa, have filed a lawsuit against the SEC regarding a rule that requires publicly traded companies to disclose climate-related information to investors.
Contention Over Mandated Disclosures
The rule mandates companies to reveal climate risks and emissions, which critics argue could lead to burdens and confidentiality issues.
Opposition's Standpoint
Opponents claim that the rule may harm businesses and supply chains, as well as potentially hurting family farms in Iowa.
Environmental Advocates' Critique
Environmental advocates threaten to challenge the rule for not going far enough, especially regarding emissions reporting from product usage.
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