Industry News

SEC abandons defense of climate disclosure rules

Eva Thomas / Mar 28, 2025
The SEC officially ended its defense of a set of climate-related disclosure rules put in place by the Biden administration in March of 2024 that are currently being challenged in federal court.
The Securities and Exchange Commission (SEC) on Thursday voted to end its defense of Biden-era climate rules, following a pause on the defense of the rules put in place by SEC acting chairman Mark Uyeda in February.
‘The goal of today’s Commission action and notification to the court is to cease the Commission’s involvement in the defense of the costly and unnecessarily intrusive climate change disclosure rules,’ Uyeda said in a Thursday press release.
The Enhancement and Standardization of Climate-Related Disclosures for Investors - a set of climate-related rules proposed by the agency last year under previous chairman Gary Gensler - is currently being challenged in the United States Court of Appeals for the Eighth Circuit. According to the SEC’s Thursday announcement, the regulatory agency officially will no longer challenge the appeal - essentially leaving the proposed rule changes dead in the water.
The proposed rules would have required ‘registrants to provide certain climate-related...
CITYWIRE RIA
More News
To read the full article, become an RIA Insider. You'll also gain complimentary access to news, insights, tools and more.
REGISTER NOW
Already an Insider?Log In
All content on this page is drawn from unaffiliated publications. Content on this site is not intended to provide, and should not be interpreted as legal, tax, investment or insurance advice, or recommendations by any party. Capital Client Group, Inc. is not responsible for content created by third parties and they do not explicitly or implicitly endorse or approve such content. Copyrights are held by the individual publications to which each article is attributed.