Green Groups Expand Legal Fight on Diluted SEC Climate Rules (2)

The Natural Resources Defense Council has entered the legal battle against the SEC’s recently finalized rules requiring companies to disclose greenhouse gas emissions to investors.

The environmental organization filed a petition challenging the rules in the New York-based US Court of Appeals for the Second Circuit on March 12, according to a legal filing Bloomberg Law obtained Friday. The Sierra Club also is challenging the Securities and Exchange Commission’s diluted mandate.

The commission left out a requirement for companies to report indirect emissions from their suppliers and customers, known as Scope 3 emissions, in the final version approved March 6. ...