Thor Benson is a staff writer for Common Dreams.
The U.S. Sec urities and Exchange Commission announced on Thursday that it would pause the implementation of climate disclosure rules for U.S. companies while it awaits the rulings on legal challenges related to those rules. 'The Commission has determined to exercise its discretion to stay the final rules pending the completion of judicial review of the consolidated 8th Circuit petitions,' the agency said in its order.
Meanwhile, 19 Democratic attorneys general are defending the policy, which they said in a Wednesday court filing 'provides the states, their residents, and other investors with information about climate-related risks that is critical to making informed investment decisions.''Investors need reliable, comparable information about risks that registered companies face and how they are managing those risks,' the Democrats argued.
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