Republican senators slammed one of President Joe Biden’s key financial nominees Thursday over her advocacy for the Securities and Exchange Commission’s embattled climate disclosure rule.
Biden in June renominated SEC Commissioner Caroline Crenshaw to serve as one of the agency’s five top officials for another five years.
Crenshaw has distinguished herself as a key proponent of one of the agency’s most controversial efforts: a long-awaited rule to require public companies to disclose information about their climate risks, goals and planet-warming emissions.
Most notable has been her insistence that the rule should have required companies to report emissions from their customers and suppliers. The final rule, which was significantly weaker than the proposed version, is currently on hold amid litigation.
