Climate Finance Rule Stiffs Investors
Union of Concerned Scientists
APRIL 1, 2024
The US Securities and Exchange Commission (SEC) recently released a new rule resulting from a process intended to make companies disclose their climate-related financial risks to investors. But in trying to shape a regulation that would mollify opponents—largely industries responsible for the heat-trapping gases that cause climate change—the SEC failed to relieve investors of responsibility for determining how companies will fare in the clean energy transition.
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