SEC Climate Rule Vote Scheduled for March 6, 2024 | Keating Muething & Klekamp PLL - JDSupra - JD Supra
SEC Climate Rule Vote Scheduled for March 6, 2024 | Keating Muething & Klekamp PLL - JDSupra
On February 28, 2024, the SEC announced it will consider final rules for climate-related disclosures on March 6, 2024. A link to the announcement and agenda is here.
While the SEC has not yet posted the full text of the final rules, we expect that the final rules will not include requirements for companies to report their Scope 3 emissions, which come from indirect sources such as consumers or supply chains.
The US Chamber of Commerce, National Association of Manufacturers, American Farm Bureau Federation, West Virginia Attorney General Patrick Morrisey (R) and others have warned of potential lawsuits challenging the rules.
KMK will publish a summary of the rules after they are released.
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.