The Security and Exchange Commission rules that were approved on March 6 have been temporarily halted by the 5th Circuit Court. The US Chamber of Commerce sued to stop the rules, calling them unconstitutional (GM March 8, p. 33). Ten Republican-led states also sued to stop the rules.
The rules would require public companies that meet certain criteria to disclose their climate risks, including how much greenhouse gas emissions they produce. Disclosure of Scope 3 emissions, which includes emissions from supply chain and customers, was already dropped from the rule before it was challenged in court last week.