Biden Admin Unveils Aggressive Climate Rules for Private Sector

The U.S. Securities and Exchange Commission (SEC) proposed rules that would force companies to publicly disclose a wide-range of climate-related information.

The SEC, the nation’s top financial regulator, would require publicly-traded companies to disclose how “severe weather events and other natural conditions” may impact their business, under the proposed rules, according to the Monday announcement. Companies would also be forced to publish the greenhouse gas emissions produced from their operations.

“I am pleased to support today’s proposal because, if adopted, it would provide investors with consistent, comparable, and decision-useful information for making their investment decisions, and it would provide consistent and clear reporting obligations for issuers,” SEC Chairman Gary Gensler, who President Joe Biden appointed in February 2021, said in a statement.

“Today’s proposal would help issuers more efficiently and effectively disclose these risks and meet investor demand, as many issuers already seek to do,” he said. “Companies and investors alike would benefit from the clear rules of the road proposed in this release.” (Read more from “Biden Admin Unveils Aggressive Climate Rules for Private Sector” HERE)

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