In a move that could spell the end for a Biden-era climate disclosure rule, the U.S. Securities and Exchange Commission (SEC) urged the Eighth Circuit on Tuesday to delay litigation over its climate reporting requirements. The request signals that the now Republican-led agency may abandon the controversial regulation, which mandates public companies to disclose greenhouse gas emissions and climate risks.
With acting Chair Mark Uyeda at the helm—alongside fellow Republican Commissioner Hester Peirce—the SEC is undergoing a seismic shift, one that could derail years of regulatory efforts aimed at standardizing corporate climate disclosures.
Political Shake-Up Freezes the Case
Uyeda, who opposed the regulation when it was passed last year, directed SEC staff to inform the court of the agency’s changed stance. “I have directed the commission staff to notify the court of the changed circumstances and request that the court not schedule the case for argument,” he said in a public statement.
