The U.S. Court of Appeals has told the U.S. Securities and Exchange Commission (SEC) that it will not issue a ruling on the legality of its climate disclosure rules, as requested by the SEC, leaving the agency on its own to decide on the fate of the rules requiring climate-related reporting by public companies.
While the SEC’s request would have effectively let the court decide what became of the climate reporting rules, the court instead ordered the agency to either reconsider the regulation through ordinary rulemaking procedures, or to renew its defense of the rules in court.
