Federal Court Orders Halt on New SEC Rule Requiring Climate Disclosure from Publicly Traded Companies
Friday, 15 March 2024, 23:27
Federal Court Halts SEC Climate Disclosure Rule
A federal court on Friday issued an order putting a stop to a new SEC rule that mandates publicly traded companies to disclose climate change-related information. The pause was initiated following legal challenges from fracking companies Liberty Energy and Nomad Proppant Services, citing impending compliance costs. Although this does not guarantee a favorable outcome for the petitioners, it highlights the court’s consideration of the opposition’s stance.
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