‘The SEC has turned into a ‘regulate everything’ agency,’ one critic of the new rules says.
New rules from the Securities and Exchange Commission requiring companies to report their greenhouse gas emissions are poised to unleash a wave of litigation against what critics see as a clear case of regulatory overreach.
The rules, released by the SEC last week, require regulated issuers to disclose information regarding their greenhouse gas emissions and other climate-related information. Ten states have already filed a petition for review in the…