SEC signals intention to dismantle hard-fought climate disclosure rule
The move had been expected since Donald Trump was reelected on an anti-ESG agenda in November.
US Securities and Exchange Commission (SEC) Acting Chairman Mark Uyeda has reiterated his opposition to the climate disclosure rule and says the SECâs new commissioners will have to âdetermine appropriate next stepsâ.
The move had been expected ever since Donald Trump was reelected in November with an anti-ESG agenda. The climate disclosure rule was published in March 2024 after a close 3-2 vote where then SEC Commissioner Uyeda opposed its adoption. It was immediately challenged in court by Republican states and business groups, forcing the SECâs then Chairman Gary Gensler to pause its implementation.
