SEC Moves to Scrap 2024 Climate-Disclosure Rule After 24,000 Comments

3 articles · Updated · The Associated Press · May 29

The SEC on Friday proposed rescinding in full its 2024 rule requiring some public companies to disclose greenhouse gas emissions and climate-related financial risks.
The Republican-led commission said the rule exceeds its statutory authority, imposes substantial costs on companies and shareholders, and risks dictating corporate behavior; it had already paused defending the rule after lawsuits from business groups and Republican attorneys general.
A 60-day public comment period will begin after the proposal is published in the Federal Register in the next few days, extending a fight over one of the agency's most closely watched recent rules.
Environmental groups and Sen. Ed Markey said scrapping the rule would deprive investors of material information about climate-related financial risk, while the move fits broader Trump administration efforts to unwind Biden-era climate regulations.

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The Associated Press50d ago

SEC Proposes Repealing Rule on Corporate Greenhouse Gas Emissions and Climate Risk Reporting

The New York Times50d ago

S.E.C. Proposes Repeal of Climate Change Disclosure Rule

Reuters50d ago

US SEC votes to stop defending climate disclosure rules | Reuters

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How will companies and investors navigate the growing patchwork of global climate reporting rules without a federal standard?

As the SEC steps back, will California's climate laws become the de facto national standard for US businesses?

From Mandate to Mayhem: How the SEC’s 2024 Climate Disclosure Rule Was Repealed and What It Means for U.S. Companies in 2026

Overview

In May 2026, the U.S. Securities and Exchange Commission (SEC) began the process to repeal its 2024 climate disclosure rules, marking a major policy reversal. This shift followed the SEC's announcement to the Eighth Circuit court that it would reconsider the rules through a public rulemaking process and stop defending them in court. The decision was driven by concerns that the original rules exceeded the SEC’s legal authority and that compliance costs outweighed the benefits. The change in SEC leadership after the presidential administration shift played a key role, with new leaders quickly moving to withdraw support for the rules.

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