Companies Object to Proposed SEC Rule Requiring Them to Track Emissions Up and Down Their Supply Chains
By Emma Ricketts
As accusations of “green hypocrisy” are flung back and forth in the corporate world, the U.S. Securities and Exchange Commission has been inching toward a standard to help conscientious investors make informed choices. But the effort is facing plenty of opposition from industry, not to mention Republican lawmakers who oppose President Biden’s climate agenda.
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More than 30 years after the last major update of the Clean Air Act, the U.S. Supreme Court has upended the ability of Congress to give the Environmental Protection Agency and other federal agencies broad scope to combat air pollution, including the emission of greenhouse gases. Meanwhile, further Biden administration efforts to limit emissions face opposition in the courts.