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00:02The Securities and Exchange Commission proposed repealing a 2024 rule
00:06requiring some public companies to disclose their greenhouse gas emissions
00:10and climate-related financial risks, according to AP.
00:14The SEC said the rule exceeds its statutory authority
00:18and imposes costs on public companies that are not justified by benefits to investors.
00:23The Commission has been pausing its legal defense of the rule since last year,
00:27following challenges from business groups and Republican state attorneys general.
00:32SEC Chairman Paul Atkins said,
00:34eliminating the rule will prevent the agency from dictating corporate behavior.
00:38Environmental groups opposed the move,
00:40saying investors need climate risk data to assess financial exposure.
00:44Under the second Trump administration, the EPA has eliminated climate programs,
00:49canceled billions in environmental justice grants,
00:52and pursued sweeping deregulation as part of Trump's second-term environmental rollbacks.
00:57For all things money, visit Benzinga.com.
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