Hot topic: SEC climate disclosure rule divides industry
Proposal likely to flounder on First Amendment concerns, lawyers believe.
In the corridors of the Capitol, where lawmakers and lobbyists are haggling over a new rule for climate change disclosures, the temperature is rising.
A contentious proposal from the US Securities and Exchange Commission has divided the financial industry. Lawyers predict the rulemaking will face legal challenge all the way up to the Supreme Court.
At stake is the availability of key information on public companies, that could inform investor decisions on trillions of dollars of listed equities
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