US SEC stays climate disclosure rule amid legal challenges

Apr 4th, 15:56:30

By Isla Binnie

NEW YORK (Reuters) - Wall Street's top regulator has stayed new climate-related disclosure requirements pending judicial review, the agency said in a statement on Thursday, after criticism from across the political spectrum.

The Securities and Exchange Commission's (SEC) first-of-its-kind regulation on how companies share certain climate-related risks with investors had attracted multiple lawsuits.

The SEC said it has exercised its discretion to stay the final rules pending a review in the Eighth Circuit U.S. Court of Appeals.

https://PiQSuite.com/reuters/us-sec-stays-climate-disclosure-rule-amid-legal-challenges

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