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US SEC to ask court to pause consideration of climate disclosure rules

( February 11, 2025, 15:23 GMT | Official Statement) -- MLex summary: Mark Uyeda, the acting chair of the US Securities and Exchange Commission, said he will ask the Eighth Circuit to pause consideration of the agency's climate-related disclosure rules. "The Rule is deeply flawed and could inflict significant harm on the capital markets and our economy," he said in a statement. Uyeda, a Republican, cited his doubts about the statutory authority of the SEC to enact the March 2024 rule, which has been challenged in court.Document follows:...

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