The US Securities and Exchange Commission (SEC) has requested that the White House Office of Information and Regulatory Affairs review a proposal to formally rescind the climate-related disclosure rule, which was adopted in 2024 but never took effect due to legal challenges.
The US Chamber of Commerce has publicly applauded this decision, however it has drawn criticism from environmental groups such as the Sierra Club.
Sierra Club sustainable finance campaign advisor Jessye Waxman stated: “Rescinding the rule would move markets backward by abandoning the prospect of a federal baseline for consistent, comparable, and decision-useful climate information. Treating climate disclosure as a political bargaining chip is a failure of investor protection and the public interest.”
