The SEC’s Acting Chair Mark Uyeda released this statement yesterday indicating that the agency has requested that the Eighth Circuit – where the cases challenging the SEC’s 2024 climate disclosure rules are consolidated – not schedule the case for argument until the SEC figures out its position under a new Commission composition. In other words, once incoming SEC Chair Paul Atkins is confirmed by the Senate, the SEC is likely to reverse course on the rules and thus the court case can be withdrawn.
It will be interesting to see if this new SEC will update the agency’s 2010 interpretive guidance on climate if it unwinds the 2024 rules as expected. Or will that 2010 interpretive guidance stand on its own?
Meanwhile, the SEC Commissioner Caroline Crenshaw – the sole Democrat presently serving on the Commission – issued this statement opposing Acting Chair Uyeda’s move…
Authored by
Broc Romanek