https://www.wsj.com/finance/regulation/sec-climate-disclosure-greenhouse-gases-d57de27c
WASHINGTON—The Securities and Exchange Commission approved new requirements that public companies disclose their greenhouse-gas emissions, but dropped a key provision that was fiercely opposed by business groups.
The 3-2 vote in favor of the rule comes after a two-year process involving intense lobbying from some of the world’s biggest industries and influential climate groups. It has faced relentless criticism from corporations and Republican lawmakers who say the agency is reaching beyond its authority.
“These rules will enhance the disclosures that investors have been relying on to make their investment decisions,” SEC Chair Gary Gensler said Wednesday. He said they would give investors consistent and reliable disclosures about climate risks.
