SEC Chair Uyeda began the process to permanently end the Climate-Related Disclosure Rule for large businesses.

An announcement by acting Chairman Mark Uyeda follows a move to relax reporting requirements, continuing a broad deregulatory push in the new administration.

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The acting chair, Mark Uyeda, is directing the Securities and Exchange Commission to pause its legal defense of a rule requiring companies to make climate disclosures.

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that the SEC will no longer require public companies to disclose climate-related risks. Initially introduced under the Biden administration,

The Securities and Exchange Commission (SEC) announced Tuesday that it will not defend a year-old rule requiring publicly held companies to disclose climate-related risks and in some cases the details of their emissions.