Republicans plan legal assault on climate disclosure rules for public companies

The SEC's proposed new rules, which would require public corporations to disclose climate-related information, have been criticized by industry groups

Republican officials and corporate lobby groups are teeing up a multi-pronged legal assault on the Biden administration's effort to help investors hold public corporations accountable for their carbon emissions and other climate change risks.

The US Securities and Exchange Commission (SEC) proposed new climate disclosure rules in March that would require public companies to report the climate-related impact and risks to their businesses.