SEC proposes rolling back controversial Biden climate disclosure rules The Securities and Exchange Commission (SEC) is proposing to rescind rules from the Biden administration that required public companies to disclose carbon emissions and climate risks. The SEC argues these rules are unnecessary, exceed statutory authority, and impose significant costs. This action is part of the Trump administration’s broader effort to roll back climate policies and follows legal challenges and a stay of the original rule.

• The SEC has proposed rescinding Biden-era rules mandating public companies report carbon emissions and climate risks.
• The commission deems the rules “unnecessary,” exceeding agency authority and imposing significant costs.
• This action is the latest in the Trump administration’s efforts to roll back climate policies.
• The original rules, approved in March 2024, were already watered down and faced legal challenges, leading to a stay.
• The proposed rescission is open to public comment for 60 days.
• Democratic states and the EU have implemented or are implementing similar climate disclosure requirements.