"The Securities and Exchange Commission (SEC) will vote this week on whether to adopt a contentious rule that would require publicly traded companies to disclose climate change-related information to investors — though the rule could be significantly scaled back compared with what the agency proposed in 2022.

The SEC’s five commissioners are slated to vote on whether to adopt the rule Wednesday, according to a Sunshine notice it published last week.

Supporters of the rule say that it would give investors important information about where their money is going, including how much the businesses they could invest in are contributing to climate change.

Opponents argue that the rule’s disclosure requirements go beyond the SEC’s duty to help investors make informed decisions. Some critics have gone even farther and accused the agency of pursuing a backdoor climate regulation meant to actually cut emissions."

Rachel Frazin reports for The Hill March 5, 2024. [2]