SEC defends climate disclosure rule and requests case dismissal
The SEC has argued that because the rule only aims to protect investors, it has statutory authority to impose it.
The US Securities and Exchange Commission (SEC) has argued that its climate disclosure rule’s only goal is to protect investors in response to a raft of legal challenges seeking to invalidate it.
In a brief filed this week with the US 8th Circuit of Appeals, the SEC replied to the consolidated challenges brought forward by Republican states, energy companies and industry associations looking to block the implementation of its climate disclosure rule.
