The SEC will stop defending corporate emissions reporting requirements in court after the agency under President Joe Biden fought for months to save the rules.
Securities and Exchange Commission lawyers are “no longer authorized to advance” arguments the agency had made in support of the 2024 regulations that require companies to report their greenhouse gas emissions and make other climate disclosures, the SEC said in a filing with the US Court of Appeals for the Eighth Circuit on Thursday.
The withdrawal is the most significant step the SEC has taken toward dismantling the rules after President Donald Trump took office ...