SEC Hears Climate Rule Concerns ‘Loud and Clear,’ Gensler Says

The SEC is well aware corporate greenhouse gas emissions reporting requirements that the agency proposed in its climate rule have worried small farmers and others, agency Chair Gary Gensler told senators Wednesday.

The Securities and Exchange Commission has heard concerns about small private businesses facing burdens under its plan to direct big public companies to report emissions from their supply chains and other indirect sources, Gensler said at a Senate hearing on the agency’s budget. The chair’s remarks came after Sen. Joe Manchin (D-W.Va.) said requiring disclosures on “Scope 3" emissions—those from indirect sources except power usage—could be “devastating” for ...