Associate Press copy is provided via The Canadian Press
FILE – A barge on the Ohio River moves past the Mountaineer Power Plant, a coal-fired power plant near New Haven, W.Va., March 13, 2026. (AP Photo/Carolyn Kaster, File)
WASHINGTON (AP) — In the latest action to undo Biden-era regulations on climate change, the Securities and Exchange Commission on Friday proposed repealing a rule that requires some public companies to report their greenhouse gas emissions and the risks they face from global warming.
The climate-disclosure rule has been on hold since last year, after the Republican-led commission said it was pausing its legal defense in the wake of legal challenges by business groups and Republican state attorneys general.
The SEC said in a statement that it is now moving to rescind the disclosure rules “in their entirety because they exceed the scope of the agency’s statutory authority.” The rules, finalized in 2024, “impose substantial costs on public companies and their shareholders that are not justified by the informational benefits they may provide to some investors,” the commission said.
Eliminating the rule will “avoid the practical effect of dictating corporate behavior” and ensure that agency rules will “be imposed only when the expected benefits justify the likely costs and burdens,” SEC Chairman Paul Atkins said in a statement.
Environmental groups said the action would leave investors without information they need to accurately assess financial risks and other hazards related to climate change.
- 0124 General Well Servicing Outlaw Buckers0124 General Well Servicing Outlaw Buckers
- 0124 General Well Servicing Outlaw0124 General Well Servicing Outlaw
- 0123 Pride Upkeep 2026 packages0123 Pride Upkeep 2026 packages
- 0122 SASPO-2956_Safety_2026_Youtube0122 SASPO-2956_Safety_2026_Youtube
- 0109 SaskPower SASPO_2817_PLT_Recruitment_0109 SaskPower SASPO_2817_PLT_Recruitment_
- 0120 2026 SK oil show attendee0120 2026 SK oil show attendee
- 0118 IBEW 30 sec0118 IBEW 30 sec
- 0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY
- 0114 Prospera Bold Vision0114 Prospera Bold Vision
- 0113 Miller Epic Cinematic Hollywood trailer0113 Miller Epic Cinematic Hollywood trailer
- 0085 Turnbull snow removal call office0085 Turnbull snow removal call office
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0100 Turnbull Project Manager0100 Turnbull Project Manager
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0097 Eagle Sky Ventures LTD0097 Eagle Sky Ventures LTD
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001
“The SEC’s mission is to protect investors and the public by ensuring they have access to material information,” said Kathy Fallon, director of land systems at the nonprofit Clean Air Task Force. “While imperfect, the rule was an important step toward giving investors consistent information about financially material climate risks, including the use of carbon offsets.”
She urged the commission to retain the rule and enforce disclosure requirements “that give both investors and the public the transparency they need.”
Repeal of the climate-disclosure rule is among dozens of environmental rollbacks imposed in President Donald Trump’s second term. The Environmental Protection Agency has eliminated major climate change programs, promoted deregulatory efforts that Trump calls the largest such move in American history and canceled billions of dollars in Biden-era environmental justice grants.
EPA Administrator Lee Zeldin has focused on weakening or eliminating regulations perceived as climate-friendly, including revoking a scientific finding that has long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change.
Zeldin has said his actions will put a “dagger through the heart of climate change religion.”
The SEC, an independent agency whose members are appointed by the president, approved the climate rule in March 2024 on a party-line vote. Three Democratic commissioners supported it and two Republicans opposed.
The commission currently has three Republican members, including Atkins, and no Democrats.
The 2024 rule was one of the most anticipated in recent years from the nation’s top financial regulator, drawing more than 24,000 comments from companies, auditors, legislators and trade groups over a two-year process. The vote brought the U.S. closer to the European Union and states like California, which have imposed similar corporate disclosure rules.
A public comment period will remain open for 60 days following publication of the proposal in the Federal Register, expected in the next few days.
- 0124 General Well Servicing Outlaw Buckers0124 General Well Servicing Outlaw Buckers
- 0124 General Well Servicing Outlaw0124 General Well Servicing Outlaw
- 0123 Pride Upkeep 2026 packages0123 Pride Upkeep 2026 packages
- 0122 SASPO-2956_Safety_2026_Youtube0122 SASPO-2956_Safety_2026_Youtube
- 0109 SaskPower SASPO_2817_PLT_Recruitment_0109 SaskPower SASPO_2817_PLT_Recruitment_
- 0120 2026 SK oil show attendee0120 2026 SK oil show attendee
- 0118 IBEW 30 sec0118 IBEW 30 sec
- 0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY
- 0114 Prospera Bold Vision0114 Prospera Bold Vision
- 0113 Miller Epic Cinematic Hollywood trailer0113 Miller Epic Cinematic Hollywood trailer
- 0085 Turnbull snow removal call office0085 Turnbull snow removal call office
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0100 Turnbull Project Manager0100 Turnbull Project Manager
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0097 Eagle Sky Ventures LTD0097 Eagle Sky Ventures LTD
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001