US SEC issues draft to cancel Biden-era rules on climate change
By Neil Roland ( May 29, 2026, 19:04 GMT | Insight) -- The US Securities and Exchange Commission proposed to withdraw pending Biden-era rules requiring thousands of public companies to disclose their climate-related impacts and the risks they face from global warming. The watchdog, which consists of three Republicans and no Democrats, voted unanimously to issue the draft to return the agency to “its core mandate – in line with its legal authority – and restoring a materiality-focused approach to securities regulation,” the release said. The announcement called the 2024 rules “overly burdensome and costly.”The US Securities and Exchange Commission proposed to withdraw pending Biden-era rules requiring thousands of public companies to disclose their climate-related impacts and the risks they face from global warming....
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