SEC Climate Report Rules Face Legal Threat From Manufacturers

The National Association of Manufacturers is considering suing over the SEC’s pending climate disclosure rules, if the final version fails to address the group’s concerns about costs to companies and the agency’s power to impose the regulations in the first place.

The Securities and Exchange Commission’s proposal to require greenhouse gas emissions reporting and other climate disclosures from publicly traded companies has “legal deficiencies” the agency should correct before finalizing regulations, Charles Crain, the vice president for domestic policy at the National Association of Manufacturers, told Bloomberg Law Thursday.

Crain’s remarks came after he told lawmakers at a House Financial ...