Last March, the Securities and Exchange Commission proposed a rule that would require companies to provide greater disclosure of climate-related risks and of their greenhouse gas emissions, both direct and indirect. The 500-plus-page proposal prompted substantial controversy and several industry groups and state attorneys general announced they planned to file suit if the SEC proceeded with the rule as planned.
It was widely anticipated that the SEC would issue a final rule this spring. Now, however, it looks as if the final rule will be issued in the fall, at the earliest.
Corporate Counsel reports:
