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SEC to vote on watered down climate disclosure rule next week

The Commission is said to have removed Scope 3 emissions from its final draft.
Melodie Michel
SEC to vote on watered down climate disclosure rule next week
SEC headquarters in Washington DC (Photo by Scott S on Flickr)

The US Securities and Exchange Commission (SEC) has announced that it will vote on whether to adopt its long-awaited climate disclosure rule on March 6 – almost two years after it published its initial draft.

Reports emerged last week that a vote was near, as a new draft was being circulated among SEC commissioners. The Commission is said to have removed a requirement for listed companies to disclose “material” Scope 3 emissions, after receiving thousands of comments from companies opposing the measure. 

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