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US SEC moves to repeal Biden-era climate disclosure rule, easing reporting burdens on companies.

Market News
29 May 2026
New York Post
View Source
Bearish
pluang ai news

The US Securities and Exchange Commission (SEC), led by Chairman Paul Atkins, has proposed repealing a Biden-era rule that would have required companies to disclose climate-related risks and greenhouse gas emissions. Atkins criticized the rule as excessive regulation that stifles growth and imposes unjustified costs on companies and shareholders. The rule, which faced legal challenges and never took effect, was part of the broader ESG movement promoting environmental and social governance. While the repeal aligns with a deregulatory agenda, companies operating in states like California or overseas may still face similar climate disclosure requirements. The SEC is now accepting public comments before finalizing the repeal, marking a significant shift in US corporate climate reporting policy.

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