SEC moves to repeal rule that requires companies to report greenhouse gas emissions and climate risk

The Securities and Exchange Commission (SEC) has proposed repealing a rule that requires some public companies to report their greenhouse gas emissions and the risks they face from global warming. This move is part of a broader effort to undo Biden-era regulations on climate change. The proposed repeal would remove the requirement for companies to disclose their emissions and climate risks, which was introduced in 2022 as part of the SEC's efforts to promote transparency and accountability in the financial sector.