The Securities and Exchange Commission has hit the pause button on implementing its controversial climate disclosure rule amid myriad legal challenges, but congressional Republicans are still intent on targeting the regulation.
The GOP-led House Financial Services Committee on Wednesday will hold a hearing titled, “Beyond Scope: How the SEC’s Climate Rule Threatens American Markets.”
It was scheduled prior to the announcement last Thursday that the SEC would delay putting the rule into place, despite expressing confidence that requiring public companies to reveal their climate risks would ultimately withstand scrutiny.
There are currently lawsuits being brought against the Wall Street regulator by nearly every Republican-controlled state and a slew of fossil fuel interests.
