SEC Hears Climate Rule Concerns 'Loud and Clear,' Gensler Says - Bloomberg Law
SEC Hears Climate Rule Concerns ‘Loud and Clear,’ Gensler Says
The SEC is well aware corporate greenhouse gas emissions reporting requirements that the agency proposed in its climate rule have worried small farmers and others, agency Chair Gary Gensler told senators Wednesday.
The Securities and Exchange Commission has heard concerns about small private businesses facing burdens under its plan to direct big public companies to report emissions from their supply chains and other indirect sources, Gensler said at a Senate hearing on the agency’s budget. The chair’s remarks came after Sen. Joe Manchin (D-W.Va.) said requiring disclosures on “Scope 3" emissions—those from indirect sources except power usage—could be “devastating” for ...
Related Knowledge Center: Air emissions
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.