SEC Climate Rule Challengers Tell Court Agency Abused Power

The Securities and Exchange Commission flouted decades-old laws and more recent Supreme Court precedent by requiring corporate emissions disclosures and other climate-related reporting, business interests told the Eighth Circuit in filings that provide the first glimpse into their arguments for challenging the regulation.

The SEC violated securities laws dating to 1933 and brushed aside a 2022 Supreme Court decision limiting agencies’ rulemaking power, opponents of the agency’s climate disclosure rules told the US Court of Appeals for the Eighth Circuit in legal briefs. The briefs, filed in court late Friday, were shared with Bloomberg Law early Monday while they remained ...