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Upcoming SEC vote on new climate information disclosure rule
The U.S. Securities and Exchange Commission is preparing to decide on a landmark rule mandating public companies to disclose extensive climate-related data, potentially reshaping corporate transparency on environmental impact.
In short:
- The rule would require companies to report how climate change and clean energy transitions impact their financial statements.
- Opposition from Republicans and business groups cite concerns over the rule's complexity and cost.
- Modifications to the initial draft could alleviate some requirements but still mark a significant move towards climate-related corporate accountability.
Why this matters:
This rule will help integrate climate risks into financial considerations, potentially influencing both investment strategies and public policy. It represents a substantial shift in how companies and regulators address the financial dimensions of environmental challenges.
Be sure to read Kristina Marusic’s piece: Oil and gas methane emissions in US are at least 15% higher than we thought.
Exxon relied on hacked info in fight against climate probes — court docs
In its battle against climate investigations in Massachusetts and New York, Exxon Mobil cited news reports that leaned on stolen information, according to court documents filed last week in connection with a vast hacking-for-hire scheme.
Exxon relied on hacked info in fight against climate probes — court docs
In its battle against climate investigations in Massachusetts and New York, Exxon Mobil cited news reports that leaned on stolen information, according to court documents filed last week in connection with a vast hacking-for-hire scheme.