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Energy & Environment
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Energy & Environment
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SEC backs away from climate disclosure rule
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The Securities and Exchange Commission (SEC) announced Tuesday that it will not defend a Biden-era rule requiring publicly held companies to disclose climate-related risks and in some cases the details of their emissions.
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© Andrew Harnik, Associated Press file
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“The Rule is deeply flawed and could inflict significant harm on the capital markets and our economy,” said a statement from Mark Uyeda, who was named the SEC’s acting chair by President Trump in January.
The rule requires all publicly traded companies to publicly detail the risks that climate change poses to their business.
It also forces large companies to tell the public about greenhouse gas emissions directly caused by their business if that information would be likely to influence someone’s decision on whether to invest.
The commission’s refusal to defend the rule from court challenges makes it more likely to be overturned.
When the rule was finalized last year, it was approved by the commission in a 3-2 party line vote.
Since that time, two Democratic commissioners have parted from the agency and it now has a 2-1 Republican majority.
Read more at TheHill.com.
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Welcome to The Hill’s Energy & Environment newsletter, we’re Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.
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How policy will affect the energy and environment sectors now and in the future:
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President Trump signed an executive order directing the federal government to return to using plastic straws.
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Some forest management projects that aim to mitigate wildfire risk are among the projects that have been halted under President Trump’s executive order to freeze spending.
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President Trump’s return to the White House appears poised to throw a wrench into the U.S.’s energy transition — though not to stop it.
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Branch out with a different read from The Hill:
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Former Interior Secretary Deb Haaland is formally jumping into the race to become the Land of Enchantment’s governor.
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News we’ve flagged from other outlets touching on energy issues, the environment and other topics:
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Upcoming news themes and events we’re watching:
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Tomorrow, the Senate Environment and Public Works Committee will hold a hearing on carbon capture, utilization and sequestration technologies.
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Two key stories on The Hill right now:
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Elon Musk on Tuesday defended the work of the Department of Government Efficiency (DOGE) alongside President Trump, who invited Musk to speak and sat at the resolute desk as the tech mogul gave a lengthy address. Read more
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Rep. Buddy Carter (R-Ga.) introduced a new bill this week aiming to rename Greenland to “Red, White, and Blueland,” as President Trump seeks to acquire the island territory. Read more
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You’re all caught up. See you tomorrow!
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