Winning. For now. Court halts SEC climate disclosure rule. The Biden Administration has been using the SEC and other government agencies from moving forward with exploration, drilling, etc. All in the name of the phony climate change. Well the 5th Circuit stepped in.
A federal court on Friday halted a new federal rule that would require publicly traded companies to reveal climate change-related information.
A panel of Fifth Circuit Court of Appeals judges issued an order that pauses the rule as litigation against it plays out. Vote was 3-0.
The rule in question, from the Securities and Exchange Commission (SEC), requires companies to disclose what risks, if any, the changing climate poses for their business.
It also requires some large and mid-sized companies to disclose how much carbon dioxide they are directly emitting and how much comes from their energy use.
