Business

SEC's Gensler weighs scaling back climate rule as lawsuits loom

1 month ago   |   By Politico

Securities and Exchange Commission Chair Gary Gensler is considering scaling backa potentially groundbreaking climate-risk disclosure rule that has drawn intense opposition from corporate America, according to three people familiar with the matter. The top Wall Street regulator's team has signaled that a primary concern is the wave of lawsuits that are expected to challenge the rule once it's finalized, said the people, who asked not to be named while discussing private conversations. The SEC is weighing what to do with one of the most contentious pieces of the plan: A mandate that certain...
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