SEC Ends Defense of Climate Disclosure Rules in Major Policy Reversal

The Republican-led SEC, under acting chairman Mark Uyeda, halts legal efforts to enforce climate disclosure regulations, citing economic and regulatory concerns.

• The SEC voted to cease defending its climate disclosure rules, which required companies to report emissions and climate risks.
• This decision aligns with the Republican-majority SEC's broader shift away from climate-related regulations under acting chairman Mark Uyeda.
• The rules, finalized in 2024, faced significant legal challenges from lobby groups and Republican state attorneys general, who argued they overstepped the SEC's authority.
• Environmental advocates, including Ceres, criticized the move, emphasizing the importance of transparency for investors seeking climate-related information.
• The rollback reflects the Trump administration's broader efforts to dismantle climate policies implemented by the previous administration.

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