Democrats’ Pressure on SEC Chair Gary Gensler for Climate Risk Disclosure Rule

Democrats’ pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule:

Pressure on SEC Chair Gary Gensler

  • Dozens of Democratic lawmakers are putting pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule facing fierce opposition from Wall Street to Washington.
  • More than 50 congressional Democrats are calling on SEC Chairman Gary Gensler to finalize the agency’s proposed climate disclosure rule quickly.
  • A group of 51 lawmakers from across Capitol Hill pressed SEC Chair Gary Gensler in a letter Sunday to push ahead with a landmark climate risk disclosure rule facing fierce opposition from Wall Street to Washington.

Climate Risk Disclosure Rule

  • The pressure is for the SEC to advance with a landmark climate risk disclosure rule.
  • The SEC has proposed a climate disclosure rule, facing fierce opposition from Wall Street to Washington.
  • The proposed climate disclosure rule stipulates that companies must disclose their greenhouse gas emissions and their mitigation plans.

Democratic lawmakers are pushing SEC Chair Gary Gensler to finalize the proposed climate risk disclosure rule, which has faced opposition from various quarters. The rule requires companies to disclose their greenhouse gas emissions and mitigation plans.

Source: https://www.politico.com/news/2023/03/06/democrats-press-gensler-climate-rule-00085473

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