SEC votes to approve major climate disclosure rule, scaled down from earlier draft
Posted on AllSides March 6th, 2024
From The Right
The Securities and Exchange Commission approved a long-anticipated rule to mandate that companies issue reports to investors on the effects of their operations on climate change.
The commission voted 3-2 to adopt the rule, part of President Joe Biden’s broader climate agenda, which envisions cutting greenhouse gas emissions by more than half, when compared to 2005 levels, by the end of the decade.
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