Oil Companies Challenge SEC’s Climate Rules in Fifth Circuit (1)

Oil and gas industry groups on Monday sued to stop the SEC’s climate reporting regulations in the Fifth Circuit, giving the conservative-leaning court another challenge to the rules.

The petition seeking a review of the regulations—filed by the Texas Alliance of Energy Producers and the Domestic Energy Producers Alliance—is one of at least three against the Securities and Exchange Commission pending in the US Court of Appeals for the Fifth Circuit over the climate rules. Republican attorneys general and fracking companies also have petitioned the Fifth Circuit to look over the SEC’s March 6 requirements for companies to report their ...