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SEC Ends Defense of Climate Disclosure Rules in Litigation

Bloomberg Law · last updated

The SEC will stop defending corporate emissions reporting requirements in court after the agency under President Joe Biden fought for months to save the rules.

Securities and Exchange Commission lawyers are “no longer authorized to advance” arguments the agency had made in support of the 2024 regulations that require companies to report their greenhouse gas emissions, the SEC said in a filing with the US Court of Appeals for the Eighth Circuit on Thursday.

The withdrawal came after SEC Acting Chairman Mark Uyeda called the rules “deeply flawed” in February. The SEC then told the Eighth Circuit that the agency …

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