SEC moves to repeal rule that requires companies to report greenhouse gas emissions and climate risk

The SEC is proposing to repeal a 2024 rule requiring public companies to report greenhouse gas emissions and climate risks, claiming it exceeds the agency's authority and imposes unjustified costs. Environmental groups argue the move deprives investors of critical climate risk data, while the repeal aligns with broader environmental rollbacks under President Donald Trump's administration. The rule was initially approved on a party-line vote with three Democratic commissioners supporting it and two Republicans opposing.