This story was updated at 1:55 p.m. EDT.
House Republicans remain convinced the Securities and Exchange Commission’s landmark climate disclosure rule will dramatically impact small, private businesses — despite the fact that the agency gutted the rule to avoid that possibility.
That much was clear during a House Financial Services Committee hearing Wednesday about the final rule, which would require every public company to report the threats they face from climate change. The hearing came a day after House Republicans introduced legislation to nullify the regulation.
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At issue during the hearing was the SEC’s handling of so-called Scope 3 emissions, or the greenhouse gases associated with companies’ customers and supply chains.
