Public companies would be required to disclose greenhouse emissions and climate risks under a landmark SEC proposal
It reflects the Biden administration’s broader push to confront the dangers that climate change poses to the financial system and the nation’s economic stability.
Environmentalists hailed the rule as a crucial first step in forcing the private sector to confront the economic risks of a warming world, even as some said the SEC should have gone further in requiring businesses to disclose the emissions generated by their supply chain and customers.Some conservatives and business groups have opposed the federal government mandating any climate disclosures, and observers expect them to challenge the SEC proposal in court.
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