Manchin bolsters Senate opposition to SEC climate rule

By Emma Dumain | 04/17/2024 01:28 PM EDT

In the House, the Financial Services Committee is marking up its own plan Wednesday.

Sen. Joe Manchin (D-W.Va.).

Senate Energy and Natural Resources Chair Joe Manchin (D-W.Va.) speaks with reporters after a hearing in February. Francis Chung/POLITICO

Sen. Joe Manchin is helping lead the charge in chamber to overturn a contentious Securities and Exchange Commission rule that would require public companies to divulge their greenhouse gas emissions.

While the West Virginia Democrat’s opposition to the SEC rule is neither surprising nor new, his decision to co-sponsor a Congressional Review Act resolution to reverse the regulation sends an important signal about the strength of his discontent.

“The SEC’s new rule on emissions disclosures completely contradicts its long-standing commitment to protect investors and promote a fair and efficient U.S. financial market,” Manchin said in a statement Wednesday.


“This deliberate targeting of fossil fuel companies not only threatens our economic security, but also sends a strong signal of opposition to the all-of-the-above energy policy that is absolutely critical to our country and our allies right now.