SEC’s Climate Rule Is Finally Here, but for How Long?
It took about four years to get to this point. It could take at least that long again before the last judge issues the final word on the rule’s legality.
The day many observers of financial regulation have long been awaiting (and dreading) has come. The Securities and Exchange Commission (SEC) voted last week to approve its final rule on disclosure of climate-change-related information for public companies. While the final rule was significantly less ambitious than the proposed rule released by the SEC in 2022, it is still flawed and vulnerable to legal challenge.
The climate-disclosure rule was a long time in the making, even given its great length and complexity.
Read the full article on National Review.