SEC Rule to End Biden-Era Climate Policy Sent to White House (1)

The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies.

The regulator sent the measure to the White House’s Office of Management and Budget for review on May 4, according to a post on a government website.

The old corporate disclosure regulations, issued under former SEC Chair Gary Gensler, had never been implemented amid a spate of legal challenges. The Trump administration had effectively set the rules aside a year ago when the regulator told a judge that it would no longer to defend the policy ...