Newswire Editor is a Common Dreams staff position.
Today, the US Securities and Exchange Commission released its long-awaited climate disclosure rule, falling short of the robust standards that investors need and that the agency has the authority and responsibility to set. SEC Chair Gary Gensler had initially promised a rule that would provide investors with “consistent, comparable, and decision-useful information.
“The SEC’s approach also represents an abdication of the agency’s authority and responsibility to address significant financial risks. Climate change unquestionably poses such risks.
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