SEC Climate Rule Reversal

The Securities and Exchange Commission today proposed the rescission of overly burdensome and costly rules that require companies to provide certain climate-related information in their registration statements and annual reports. The Commission’s…

1. Frame 1Securities and Exchange Commission proposes a rule change for public companies, affecting investor climate disclosures in annual reports.
2. Frame 2The 2024 rules covered climate risks, greenhouse-gas emissions, risk management, and financial-statement effects in company filings.
3. Frame 3The SEC stayed the rules on April 4, 2024, while Eighth Circuit challenges were consolidated.
4. Frame 4On March 27, 2025, the Commission voted to stop defending the final rules in court.
5. Frame 5The proposal says the rules exceed SEC authority and carry costs and burdens beyond expected benefits.
6. Frame 6Next test: 60 days of public comment after Federal Register publication, then a Commission vote on rescission.