2026-05-29
The Securities and Exchange Commission has proposed rescinding its March 2024 climate-related disclosure rules, asserting they exceed statutory authority and impose unjustified costs on public companies. The proposal eliminates granular mandates regarding greenhouse gas emissions, climate risk management, and severe weather financial impacts in favor of a registrant-specific, materiality-based approach. Following a 60-day public comment period after Federal Register publication, the Commission will finalize the repeal to restore its core securities regulation focus and facilitate capital formation.