SEC Freezes Climate Rules After Challengers Pushed for Pause (1)

The SEC put its climate reporting rules for public companies on hold Thursday in the face of multiple lawsuits challenging the regulations.

The Securities and Exchange Commission’s decision to pause the March 6 regulations on its own came after business interests and right-leaning challengers asked the US Court of Appeals for the Eighth Circuit to freeze the rules as their litigation there continues. The SEC’s latest move was another early victory for climate disclosure regulation opponents, which have said the agency exceeded its authority with requirements for companies to report their greenhouse gas emissions and disclose climate-related risks to their ...