A controversial U.S. Securities and Exchange Commission proposed climate-risk disclosure rule that prompted Oklahoma Congressman Frank Lucas to file a bill opposing it could now be pared back.
Politico reported the final rule might be released in the coming weeks and with less-comprehensive greenhouse gas emissions disclosure requirements. The original plan was proposed nearly two years ago.
At that time in 2022, Oklahoma Rep. Frank Lucas introduced the Protest Farmers from the SEC Act to make sure farmers didn’t fall under the rule, calling the SEC proposal another example of “an encroaching and overreaching Biden administration.”
Politico reported that the SEC, in its latest draft, dropped a mandate for certain large companies to report to investors information about the emissions generated by their suppliers and customers.
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