Securities and Exchange Commission to End Courtroom Defense of Climate Disclosure Rules
WASHINGTON, D.C. — In a filing today before the U.S. Appeals Court, the Securities and Exchange Commission sent notification that “Commission has determined that it wishes to withdraw its defense of the Rules.” In response, Clara Vondrich, senior policy counsel with Public Citizen’s Climate Program, issued the following statement:
“Climate change poses financial risks, period. Ignoring it by scuttling investor-demanded transparency requirements to appease special interests and corporate polluters will only exacerbate these growing risks. Every investor and the public should be deeply concerned with this short-sighted decision that not only puts Americans’ savings and retirement funds at risk, but also lets major climate polluters—the very ones driving the risks we all pay for—off the hook from greater transparency.”
# # #