By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
SEC takes up landmark rule that would require companies to disclose emissions, climate risks
preview.jpg
Oil pump jacks operate at dusk near Barnes City, Texas, Wednesday, Nov. 1, 2023. U.S. regulators are scheduled to decide Wednesday, March 6, 2024, on a rule that would require companies to disclose the extent of their greenhouse gas emissions and other climate risks. - photo by AP Photo/Eric Gay
WASHINGTON (AP) — The U.S. Securities and Exchange Commission is expected to vote Wednesday on a landmark rule requiring companies to report information on their greenhouse gas emissions and climate risks. The final rule would affect publicly traded companies with business in the U.S. ranging from retail and tech giants to oil and gas majors, and has drawn intense interest in the two years since it was first proposed, with more than 16,000 comments from companies and others. A draft of the rule would require companies to say much more in their financial statements about the risks that climate change poses to their operations and about their own contributions to the problem.