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Reuters: Republican-led states vow to sue US SEC over climate risk disclosure rules
https://www.reuters.com/sustainability/climate-energy/republican-led-states-say-they-will-sue-us-securities-regulator-over-climate-2024-03-06/Republican-led states vow to sue US SEC over climate risk disclosure rules
By Clark Mindock
March 6, 2024 4:10 PM EST
March 6 (Reuters) - Ten Republican-led states will file a lawsuit challenging new U.S. rules that U.S.-listed companies must report climate-related risks, West Virginia Attorney General Patrick Morrisey said on Wednesday, hours after the Securities and Exchange Commission approved the rules.
Morrisey said at a press conference the states including Georgia, Alabama and Alaska would file a petition in the 11th U.S. Circuit Court of Appeals challenging the rules, which aim to standardize climate-related company disclosures about greenhouse gas emissions, weather-related risks and how they are preparing for the transition to a low-carbon economy.
The SEC, Wall Street’s top regulator, said the information would give investors reliable information about financial risks companies face related to climate change.
The SEC did not immediately respond to a request for comment on the planned lawsuit.
…
By Clark Mindock
March 6, 2024 4:10 PM EST
March 6 (Reuters) - Ten Republican-led states will file a lawsuit challenging new U.S. rules that U.S.-listed companies must report climate-related risks, West Virginia Attorney General Patrick Morrisey said on Wednesday, hours after the Securities and Exchange Commission approved the rules.
Morrisey said at a press conference the states including Georgia, Alabama and Alaska would file a petition in the 11th U.S. Circuit Court of Appeals challenging the rules, which aim to standardize climate-related company disclosures about greenhouse gas emissions, weather-related risks and how they are preparing for the transition to a low-carbon economy.
The SEC, Wall Street’s top regulator, said the information would give investors reliable information about financial risks companies face related to climate change.
The SEC did not immediately respond to a request for comment on the planned lawsuit.
…
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You can't be having that! 