SEC Will Reconsider Climate Risk Disclosure Rule That Helps Protect Americans’ Money
SEC Chairman Asks Federal Court Not to Schedule Arguments about the Rule
(Washington, D.C. – February 11, 2025) Today, the Securities and Exchange Commission’s Acting Chairman Mark Uyeda publicly criticized the SEC’s climate risk disclosure rule. Uyeda asked the U.S. Court of Appeals for the Eighth Circuit not to schedule arguments in a case challenging it while the SEC reconsiders its position.
“The SEC’s climate risk disclosure rule provides crucial transparency that will help protect Americans’ hard-earned money as climate disasters become more frequent and more costly,” said Stephanie Jones, Senior Attorney for Environmental Defense Fund. “The climate risk disclosure rule is firmly anchored in the law and in SEC’s longstanding mission, and it is strongly supported by investors, the public, and other key experts.”
The SEC’s climate risk disclosure rule was finalized last March. It is designed to standardize the information public companies disclose to investors about the climate-related financial risks they face.
EDF joined Americans for Financial Reform, Sierra Club, Sierra Club Foundation (represented by Earthjustice), and Natural Resources Defense Council (NRDC) to support the SEC’s climate risk disclosure rule by filing an amicus curiae – or “friend of the court” – brief in the case before the Eighth Circuit.
With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org
Latest press releases
-
Senate Parliamentarian Confirms California Clean Vehicle Waivers Not Subject to Congressional Review Act
April 4, 2025 -
Petrochemical Lobbyists Email Trump EPA Administrator Zeldin, Ask to Exempt “All Sources” from Limits on Toxic Pollution
April 4, 2025 -
EDF Joins Global Campaign to Help Companies Mitigate Climate Risks, Improve Resilience
April 3, 2025 -
Federal Banking Regulator Abandons Guidance for Climate Financial Risks
March 31, 2025 -
SEC Drops Court Defense of Its Climate Risk Disclosure Rule
March 27, 2025 -
Trump EPA Website Offers to Help Sources Emit Pollution Instead of Complying with Standards
March 27, 2025