Final SEC climate disclosure rule a win for farmers and ranchers | Iowa Agri Businessradio Network - Iowa Agribusiness Network
Final SEC climate disclosure rule a win for farmers and ranchers | Iowa Agri Businessradio Network
The Securities and Exchange Commission recently released its final emissions reporting rule without Scope 3 requirements.
The SEC’s final climate disclosure rule doesn’t contain Scope 3, which would have seriously burdened U.S. farmers and ranchers. Travis Cushman, Deputy General Counsel for Litigation and Public Policy with the American Farm Bureau, says the final rule is notable for what it doesn’t include.
The final rule means Scope 3 is off the table for now in all states except California.
The Scope 3 victory is a result of hard work done by both the Farm Bureau and its grassroots members across the country, says Cushman.
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Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.