SEC Climate Critics Keep Up Pressure Despite Weakening of Rules

Although the SEC dropped a controversial provision on reporting indirect supply-chain greenhouse gas emissions from its final climate disclosure regulation, House Republicans and the Tennessee Attorney General’s office aren’t letting down their guard.

The Securities and Exchange Commission finalized its rule requiring public companies to disclose their carbon footprint on March 6. It excluded a pillar of the draft proposal from two years earlier that would have required companies to estimate and disclose in their financial statements the greenhouse gas emissions of their suppliers and consumers, known as Scope 3.

That exclusion wasn’t enough to satisfy House Republicans or a ...